Document:

Global Agency Agreement dated July 25, 2007

 Exhibit 4(fff) 
 GLOBAL AGENCY AGREEMENT 
 dated as of July 25, 2007 
 among 
 BANK OF AMERICA, N.A., 
 as Issuer, 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 as U.S. Paying Agent and U.S. Registrar, 
 DEUTSCHE BANK AG, LONDON BRANCH, 
 as London Paying Agent and London Issuing Agent, and 
 DEUTSCHE BANK LUXEMBOURG S.A., 
 as European
Registrar and European Transfer Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 SECTION 1.
	  	Definitions and Interpretation	  	4
	 SECTION 2.
	  	Appointment of Agents	  	10
	 SECTION 3.
	  	The Notes; Authorized Representatives	  	11
	 SECTION 4.
	  	Issuance Instructions	  	13
	 SECTION 5.
	  	Issue of Registered Global Notes	  	16
	 SECTION 6.
	  	Issue of Temporary Bearer Global Notes	  	18
	 SECTION 7.
	  	Determination of Exchange Date and Issue of Permanent Bearer Global Notes	  	18
	 SECTION 8.
	  	Issue of Definitive Bearer Notes	  	20
	 SECTION 9.
	  	Issue of Definitive Registered Notes	  	20
	 SECTION 10.
	  	Exchanges	  	21
	 SECTION 11.
	  	Note Register; Registration, Transfer and Exchange; Persons Deemed Owners	  	22
	 SECTION 12.
	  	Terms of Issue	  	25
	 SECTION 13.
	  	Payments	  	26
	 SECTION 14.
	  	Determination and Notifications with Respect to Notes	  	28
	 SECTION 15.
	  	Notice of Any Withholding or Deduction	  	29
	 SECTION 16.
	  	Redemption of Notes	  	29
	 SECTION 17.
	  	Repayment of Notes	  	30
	 SECTION 18.
	  	Notices to Holders	  	31
	 SECTION 19.
	  	Cancellation of Notes, Receipts, Coupons and Talons	  	32
	 SECTION 20.
	  	Issue of Replacement Notes, Receipts, Coupons and Talons	  	33
	 SECTION 21.
	  	Copies of Documents Available for Inspection	  	34
	 SECTION 22.
	  	Commissions and Expenses	  	35
	 SECTION 23.
	  	Indemnity	  	35
	 SECTION 24.
	  	Repayment by the Paying Agents	  	35
	 SECTION 25.
	  	Conditions of Appointment	  	36
	 SECTION 26.
	  	Communication Between the Parties	  	37
	 SECTION 27.
	  	Changes in Agents	  	37
	 SECTION 28.
	  	Merger and Consolidation	  	38
	 SECTION 29.
	  	Notifications	  	38
	 SECTION 30.
	  	Change of Specified Office	  	39
	 SECTION 31.
	  	Notices	  	39
	 SECTION 32.
	  	Taxes and Stamp Duties	  	39
	 SECTION 33.
	  	Currency Indemnity	  	39
	 SECTION 34.
	  	Amendments	  	39
	 SECTION 35.
	  	References to Additional Amounts	  	42
	 SECTION 36.
	  	Descriptive Headings	  	43
	 SECTION 37.
	  	Governing Law	  	43
	 SECTION 38.
	  	Counterparts	  	43
	 SECTION 39.
	  	USA Patriot Act	  	43

 Exhibits 
  

			
	 EXHIBIT A-1 –
	 	Form of Registered Global Note
		
	 EXHIBIT A-2 –
	 	Form of Master Short-Term Registered Note
		
	 EXHIBIT B –
	 	Form of Temporary Bearer Global Note
		
	 EXHIBIT C –
	 	Form of Permanent Bearer Global Note
		
	 EXHIBIT D –
	 	Form of Definitive Bearer Note
		
	 EXHIBIT E –
	 	Form of Coupon
		
	 EXHIBIT F –
	 	Form of Talon
		
	 EXHIBIT G –
	 	Form of Receipt
		
	 EXHIBIT H –
	 	Form of Calculation Agency Agreement
		
	 EXHIBIT I –
	 	Administrative Procedures Memorandum
		
	 EXHIBIT J –
	 	Form of Certificate to be Presented by Euroclear or Clearstream, Luxembourg
		
	 EXHIBIT K –
	 	Form of Certificate of Beneficial Owner

 GLOBAL AGENCY AGREEMENT, dated as of July 25, 2007, among: 
 (i) BANK OF AMERICA, N.A., a national banking organization organized under the laws of the United States of America, as issuer (the
“Bank”); 
 (ii) DEUTSCHE BANK TRUST COMPANY AMERICAS, as U.S. registrar (the “U.S. Registrar”) and U.S.
paying agent (the “U.S. Paying Agent”), which expressions shall also include any successors appointed in accordance with Section 27 of this Agreement; 
 (iii) DEUTSCHE BANK AKTIENGESELLSCHAFT, a corporation domiciled in Frankfurt am Main, Germany, operating in the United Kingdom under branch number
BR000005, acting through its London branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB (“Deutsche Bank AG, London Branch”), as London paying agent (the “London Paying Agent” and, together with
the U.S. Paying Agent, the “Paying Agents” and each individually, a “Paying Agent”), and London issuing agent (the “London Issuing Agent”), which expressions shall also include any successors
appointed in accordance with Section 27 of this Agreement; and 
 (iv) DEUTSCHE BANK LUXEMBOURG S.A., as European registrar (the
“European Registrar” and, together with the U.S. Registrar, the “Registrars” and each a “Registrar”) and European transfer agent (the “European Transfer Agent”), which expressions
shall include any successors appointed in accordance with Section 27 of this Agreement. 
 WHEREAS: 
 A. The Bank has established the Global Bank Note Program described in the Offering Circular, dated the date hereof (as such document may hereafter be
amended, supplemented or replaced by the Bank, including the material incorporated therein by reference, the “Offering Circular”), which will be supplemented by one or more product and/or pricing supplements setting forth additional
terms and conditions of bank notes, pursuant to which the Bank may from time to time issue up to US$75,000,000,000 (or the equivalent thereof in other currencies) aggregate principal amount (issued on or after the date hereof) at any one time
outstanding of its bank notes (the “Notes”); 
 B. The Offering Circular describes the duties and obligations of certain
agents with respect to the Notes. 
 NOW, THEREFORE, in consideration of the premises, and of the mutual covenants, representations,
warranties and agreements contained herein, the parties agree as follows: 
 SECTION 1. Definitions and Interpretation. 
 (a) The following terms shall have the following meanings: 
 “Administrative Procedures” means the Administrative Procedures Memorandum set forth in Exhibit I hereto; 
  

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 “Agents” means the collective reference to the Paying Agents, the Registrars, the London
Issuing Agent and the European Transfer Agent; 
 “Authorized Representative” has the meaning given that term in
Section 3(f) of this Agreement; 
 “Bank” has the meaning given that term in the preamble of this Agreement;

 “Bearer Global Note” means a Temporary Bearer Global Note or a Permanent Bearer Global Note; 
 “Bearer Notes” means those Notes which are for the time being in bearer form; 
 “Business Day” means, unless otherwise specified in the applicable Pricing Supplement, a day that meets all the following requirements:

 (i) for all Notes, is any weekday that is not a legal holiday in Charlotte, North Carolina, or any other place of payment
of the applicable Note, and is not a date on which banking institutions in those cities are authorized or required by law or regulation to be closed; 
 (ii) for any Note issued in registered form, also is a day on which commercial banks are open for business in New York, New York; 
 (iii) for any Note issued in bearer form or any Note where the base rate is LIBOR (as defined in the Note), also is a London Banking Day;

 (iv) for any Note denominated in euro or any Note where the base rate is EURIBOR (as defined in the Note), also is a day on
which the TARGET System or any successor is operating; and 
 (v) for any Note that has a specified currency other than U.S.
dollars or euro, also is a day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in the Principal Financial Center of the
country of the specified currency (if other than London); 
 “Calculation Agent” has the meaning given that term in
Section 2(f) hereof; 
 “Clearstream, Luxembourg” means Clearstream Banking, société
anonyme, or any successor thereto; 
 “Common Code” has the meaning given that term in Section 6(a) of this
Agreement; 
 “Coupon” means an interest coupon attached on issue to any interest-bearing Definitive Bearer Note, such
coupon being substantially in the form set out in Exhibit E hereto or in such other form as may be agreed among the parties hereto, and includes, where applicable, the Talon(s) appertaining thereto; 
  

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 “Couponholders” means the several persons who are from time to time holders of Coupons;

 “Defaulted Note” has the meaning given that term in Section 12(d) of this Agreement; 
 “Definitive Bearer Note” means a definitive Bearer Note substantially in the form set out in Exhibit D hereto, or in such other
form as may be agreed by the parties hereto, issued or to be issued by the Bank pursuant to this Agreement in exchange for the whole of Permanent Bearer Global Note; 
 “Definitive Notes” means Definitive Bearer Notes and/or, as the context requires, Definitive Registered Notes; 
 “Definitive Registered Note” means a Registered Note issued in definitive form in such form as may be agreed by the parties hereto upon the issuance, if any, of Registered Notes in definitive form
pursuant to the terms hereof and the applicable Registered Global Note; 
 “Distribution Agreement” means the agreement
dated the date hereof among the Bank and the Selling Agents party thereto concerning the sale of Notes to be issued by the Bank, and includes any amendment or supplement thereto; 
 “DTC” means The Depository Trust Company in New York, New York; 
 “DTC Global Note” means a Registered Global Note deposited with a custodian for, and registered in the name of a nominee of, DTC;

 “DTC Letters of Representations” means the letters of representations among the Bank, the U.S. Paying Agent and DTC;

 “euro” or “€” means the currency introduced at the start of the third stage of the European Economic and
Monetary Union pursuant to Article 109g of the Treaty establishing the European Communities, as amended by the Treaty on European Union, as amended by the Treaty of Amsterdam; 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, or any successor thereto; 
 “Euroclear/Clearstream, Luxembourg Global Note” means a Registered Global Note deposited with a common depositary for, and registered in
the name of a nominee of, Euroclear and/or Clearstream, Luxembourg; 
 “European Registrar” has the meaning given that term
in the preamble of this Agreement; 
 “European Transfer Agent” has the meaning given that term in the preamble of this
Agreement; 
  

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 “Exchange Date” has the meaning given that term in the form of Temporary Bearer Global
Note set out in Exhibit B hereto; 
 “FDIC” means the United States Federal Deposit Insurance Corporation;

 “Global Note” means a Registered Global Note, a Temporary Bearer Global Note or a Permanent Bearer Global Note;

 “ISIN” has the meaning given that term in Section 6(a) of this Agreement; 
 “London Banking Day” means any day on which commercial banks are open for business (including dealings in the index currency specified
in the applicable Pricing Supplement) in London, England; 
 “London Issuing Agent” has the meaning given that term in the
preamble of this Agreement; 
 “London Paying Agent” has the meaning given that term in the preamble of this Agreement;

 “Note” or “Notes” means any of the Bank’s Senior Notes or Subordinated Notes, each with maturities
of seven days or more from their respective dates of issue, which may be issued, authenticated and delivered under this Agreement; 
 “Note Register” has the meaning given that term in Section 11(a) of this Agreement; 
 “Noteholders” means the several persons who are for the time being holders of outstanding Notes (being, in the case of any Bearer Note, the bearer thereof and, in the case of any Registered Note, the registered owner
thereof as reflected in the Note Register), except that for so long as any of the Notes are represented by a Temporary Bearer Global Note or Permanent Bearer Global Note, each person who is for the time being shown in the records of Euroclear and/or
Clearstream, Luxembourg as the holder of a particular principal amount of such Notes (other than Clearstream, Luxembourg if Clearstream, Luxembourg shall be an account holder of Euroclear and other than Euroclear if Euroclear shall be an account
holder of Clearstream, Luxembourg) (in which regard any certificate or other document issued by Euroclear and Clearstream, Luxembourg as to the principal amount of such Notes standing to the account of any person shall be conclusive and binding for
all purposes except in the case of manifest error) shall be treated by the Bank and the Agents as a holder of such principal amount of such Notes for all purposes other than for the payment of principal, premium (if any) and interest on such Notes,
the right to which shall be vested, as against the Bank and the Agents, solely in the bearer of the Global Note in accordance with and subject to its terms (and the expressions “Noteholder,” “holder of Notes” and
related expressions shall be construed accordingly); 
 “OCC” means the United States Office of the Comptroller of the
Currency; 
 “Offering Circular” has the meaning given that term in the preamble to this Agreement; 
  

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 “Officer’s Certificate” means a certificate of the Bank signed by an Authorized
Representative and delivered to an Agent. 
 “Optional Repayment Date” has the meaning given that term in
Section 17(a) of this Agreement; 
 “Original Issue Date” means, with respect to any Note, the original date of
issue of such Note, being in the case of any Global Note, the date of issue of the Registered Global Note, Temporary Bearer Global Note or Permanent Bearer Global Note, as the case may be, which initially represented such Note; 
 “Outstanding” means, at any particular time, all Notes theretofore issued other than: 
 (1) those which have been redeemed in full in accordance with their terms and with this Agreement; 
 (2) those with respect to which the redemption date in accordance with their terms has occurred and the redemption monies therefor
(including any premium and all interest (if any) accrued thereon to the redemption date and any interest (if any) payable after such date) have been duly paid to or deposited to the account of a Paying Agent as provided herein (and, where
appropriate, notice has been given to the Noteholders in accordance with the terms thereof and Section 18 of this Agreement) and remain available for payment; 
 (3) those which have become void in accordance with their terms; 
 (4) those which have been canceled or delivered to the applicable Registrar or Paying Agent for cancellation; 
 (5) those mutilated or defaced Notes which have been surrendered in exchange for replacement Notes in accordance with their terms;

 (6)(for the purposes only of determining the aggregate principal amount of Notes outstanding and without prejudice to the
status of any Note for any other purpose) those Notes alleged to have been lost, stolen or destroyed and with respect to which replacement Notes have been issued in accordance with their terms; and 
 (7) Temporary Bearer Global Notes to the extent that they shall have been duly exchanged for Definitive Bearer Notes or Permanent Bearer
Global Notes, Permanent Bearer Global Notes to the extent that they shall have been duly exchanged for Definitive Bearer Notes, and Registered Global Notes to the extent that they shall have been duly exchanged for Definitive Registered Notes, in
each case pursuant to their respective terms; 
 “Partly Paid Notes” means Notes the issue price of which is payable in two
or more installments; 
 “Paying Agent” has the meaning given that term in the preamble of this Agreement; 
  

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 “Payment Time” has the meaning given that term in Section 13(a) of this
Agreement; 
 “Permanent Bearer Global Note” means a global Bearer Note substantially in the form set out in Exhibit
C hereto, comprising Notes issued or to be issued by the Bank in exchange for all or a part of a Temporary Bearer Global Note; 
 “Person” means any legal person, including any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any
agency, instrumentality or political subdivision; 
 “Pricing Supplement” means the pricing supplement prepared by the Bank
in relation to a particular Tranche of Notes as a supplement to the Offering Circular; 
 “Principal Financial Center” means
(i) the capital city of the country issuing the specified currency, except that with respect to U.S. Dollars, Australian dollars, Canadian dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be The
City of New York, Sydney and Melbourne, Toronto, Johannesburg and Zurich, respectively; and (ii) the capital city of the country to which the index currency relates, except that with respect to U.S. Dollars, Australian dollars, Canadian
dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be The City of New York, Sydney, Toronto, Johannesburg and Zurich, respectively; 
 “Program” means the Global Bank Note Program described in the Offering Circular; 
 “Receipt” means a receipt attached on issue to a Definitive Bearer Note redeemable in installments for the payment of installments of
principal, such receipt being substantially in the form set out in Exhibit G hereto or in such other form as may be agreed by the parties hereto; 
 “Registered Global Note” means a global Registered Note substantially in the form set out in Exhibit A-1 hereto or, in the case of certain short-term Registered Global Notes, Exhibit A-2
hereto, or in such other form as may be agreed by the parties hereto; 
 “Registered Note” means a Registered Global Note
and/or, as the context requires, a Definitive Registered Note; 
 “Registrar” has the meaning given that term in the
preamble of this Agreement; 
 “Senior Note” means a Note evidencing the senior obligations of the Bank; 
 “Selling Agent” means each of the entities appointed as agents from time to time pursuant to the Distribution Agreement and notice of
whose appointment is given to the Agents; 
 “Series” means all Notes which are denominated in the same currency and which
have the same Stated Maturity Date, interest payment basis and Interest Payment Dates, if any (all as indicated in the applicable Pricing Supplement) and the terms of which, except for the Original Issue Date and/or the issue price (each as
indicated as aforesaid), are otherwise identical, including whether the Notes are listed, quoted and/or traded on a particular Stock Exchange; 
  

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 “Stock Exchange” means any stock exchange(s), competent listing authority and/or
quotation system on which any Notes may from time to time be listed, quoted and/or traded, and reference in this Agreement to the “relevant Stock Exchange” shall, in relation to any Notes, be reference to the Stock Exchange on which
such Notes are from time to time, or will be, listed, quoted and/or traded; 
 “Subordinated Note” means a Note evidencing
the subordinated obligations of the Bank; 
 “Talons” means the talons, if any, for further Coupons appertaining to an
interest-bearing Definitive Bearer Note, each such talon being substantially in the form set out in Exhibit F hereto or in such other form as may be agreed by the parties hereto; 
 “TARGET System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer System, or any successor thereto;

 “Temporary Bearer Global Note” means a global Bearer Note substantially in the form set out in Exhibit B hereto,
or in such other form as may be agreed by the parties hereto; 
 “Tranche” means all Notes of the same Series with the same
Original Issue Date and the same issue price; 
 “U.S. Paying Agent” has the meaning given that term in the preamble of this
Agreement; 
 “U.S. Registrar” has the meaning given that term in the preamble of this Agreement; and 
 “US$” and “U.S. Dollars” means the lawful currency for the time being of the United States. 
 (b) Terms and expressions defined in the Notes and the Offering Circular shall have the same meanings in this Agreement, except where the context
requires otherwise. 
 (c) Any references to Notes shall, unless the context otherwise requires, include any Registered Global Notes,
Definitive Registered Notes, Temporary Bearer Global Notes, Permanent Bearer Global Notes, and Definitive Bearer Notes. 
 (d) Any Notes
issued under the Program on or after the date of this Agreement shall be issued pursuant to this Agreement. Any Notes of the Bank issued prior to the date of this Agreement under any other agency agreement shall, in each case, continue to be
governed by the agency agreement under which they were issued. 
 SECTION 2. Appointment of Agents. 
 (a) Deutsche Bank Trust Company Americas is hereby appointed as agent of the Bank, to act as U.S. Registrar and U.S. Paying Agent for purposes specified
in this Agreement and all matters incidental thereto, including, inter alia, completing, authenticating and issuing Notes, upon the terms and subject to the conditions specified herein and in the Notes. 
  

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 (b) Deutsche Bank AG, London Branch is hereby appointed as agent of the Bank, to act as London Paying
Agent and London Issuing Agent for the purposes specified in this Agreement and all matters incidental thereto, including, inter alia, completing, authenticating and issuing Notes, upon the terms and subject to the conditions specified herein
and in the Notes. 
 (c) Deutsche Bank Luxembourg S.A. is hereby appointed as agent of the Bank, to act as European Registrar and European
Transfer Agent for the purposes specified in this Agreement and all matters incidental thereto, including completing, authenticating and issuing Notes, upon the terms and subject to the conditions specified herein and in the Notes. 
 (d) Each of the Agents shall have the powers and authority granted to and conferred upon them, specifically, in the Notes and hereunder to act on behalf
of the Bank and such further powers and authority to act on behalf of the Bank as may be mutually agreed upon in writing. 
 (e) The
obligations of the Agents shall be several, but not joint. 
 (f) Pursuant to the Calculation Agency Agreement set forth in Exhibit H
hereto, the Bank has appointed Deutsche Bank Trust Company Americas as calculation agent (the “Calculation Agent”) for floating-rate Notes and certain indexed Notes, for the purpose of calculating any variable interest rates or
other bases for determining the payment of interest, premium or principal with respect to the Notes from time to time pursuant to the Calculation Agency Agreement. Notwithstanding the foregoing, the Bank may appoint a different calculation agent for
any Series of Notes (which may be the Bank or any affiliate thereof or a Selling Agent purchasing such Notes or an affiliate thereof). The relevant Pricing Supplement will set forth the name of such calculation agent. 
 (g) The Bank may from time to time, in respect of the Program or in respect of any series of Notes, appoint one or more exchange rate agents, for the
purpose of determining exchanges of currencies of payments under the Notes from time to time. The relevant Pricing Supplement will set forth the name of any applicable exchange rate agent. 
 SECTION 3. The Notes; Authorized Representatives. 
 (a) Except as otherwise provided herein with respect to the issuance of Definitive Notes, and subject to any maximum principal amount of a Global Note required by a depositary, each Note of the same Tranche issued by the Bank shall be
represented by a single Global Note certificate; provided, however, that if agreed between the Bank and the U.S. Registrar, Notes of one or more Series issued in registered form with maturities of 270 days or less may be represented by
one or more single Master Short-Term Registered Global Notes, as provided in Section 5(d) below. The Notes may contain such insertions, omissions, substitutions and other variations as the Bank determines to be required or permitted by this
Agreement and may have such letters, numbers or other marks of identification and such legend or legends or endorsements placed thereon as any officer of the Bank executing such Notes may determine to be necessary or appropriate, as evidenced by
such officer’s execution of such Notes by manual or facsimile signature, including, without limitation, any legends or endorsements that may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules
of any Stock Exchange on which the Notes may be listed or to conform to general usage. 
  

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 (b) Only Notes that bear thereon a certificate of authentication executed by the applicable Registrar or
the London Issuing Agent, as the case may be, in each case by two manual or facsimile signatures, and dated the date of authentication, will be valid. 
 (c) Unless indicated otherwise in the applicable Notes and the applicable Pricing Supplement, Notes issued in the United States will be issued in minimum denominations of US$250,000 and integral multiples of US$1,000
in excess of US$250,000, and Notes issued outside the United States will be issued in minimum denominations of €50,000 (or the equivalent thereof in other currencies). 
 (d) As of the date hereof, the Bank has authorized the offer and issuance from time to time of Notes with maturities of seven days or more up to a
maximum principal amount at any time outstanding of US$75,000,000,000 (or the equivalent thereof in other currencies). Notwithstanding the foregoing, if the Bank authorizes the offer and issuance of additional Notes, such additional Notes may be
sold to or through the Selling Agents pursuant to the terms of this Agreement and the Distribution Agreement, all as if the offer and issuance of such Notes were authorized as of the date hereof. 
 (e) The Bank shall from time to time deliver or cause to be delivered to each Registrar a supply of blank Registered Global Notes and to the London
Issuing Agent a supply of blank Temporary Bearer Global Notes and Permanent Bearer Global Notes as the Bank shall determine. Each Note shall have been executed by the manual or facsimile signature of an Authorized Representative of the Bank. Each
Registrar or the London Issuing Agent, as the case may be, will acknowledge receipt of the Notes delivered to it and will hold such blank Notes in safekeeping in accordance with its customary practice and shall, as applicable, complete, authenticate
and deliver such Notes in accordance with the provisions hereof. Notwithstanding the foregoing, if so agreed between the Bank and the applicable Registrar or London Issuing Agent, as applicable, the Bank may deliver to such Registrar or London
Issuing Agent, as applicable, a single master Registered Global Note, Temporary Bearer Global Note or Permanent Bearer Global Note, as applicable, that shall have been executed by the manual or facsimile signature of an Authorized Representative of
the Bank. Thereafter, upon each issuance of Notes as notified to such Registrar or London Issuing Agent in accordance with the terms hereof, such Registrar or London Issuing Agent, as the case may be, shall use a duplicate copy of such master Global
Note for purposes of completing and authenticating Notes pursuant to the provisions of Section 5, Section 6, or Section 7 hereof, as applicable. 
 (f) From time to time, the Bank shall provide each Registrar and the London Issuing Agent with a certificate executed by an officer of the Bank
certifying the incumbency and specimen signatures of those officers of the Bank authorized to execute Notes on behalf of the Bank by manual or facsimile signature and to give instructions and notices on behalf of the Bank hereunder (each an
“Authorized Representative” and collectively, the “Authorized Representatives”). Until the applicable Registrar or the London Issuing Agent receives a subsequent certificate, such Registrar or the London Issuing
Agent, as the case may be, shall be entitled to conclusively rely on the last such certificate delivered to them for the purposes of determining the identities of Authorized Representatives of the Bank. Any Note bearing the manual or facsimile
signatures of persons who are Authorized Representatives of the Bank on the date such signatures are affixed shall bind the Bank after the completion, authentication and delivery thereof by the applicable Registrar or the London Issuing Agent, as
the case may be, notwithstanding that such persons shall have ceased to hold office on the date such Note is so completed, authenticated and delivered by the applicable Registrar or the London Issuing Agent, as the case may be. 
  

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 SECTION 4. Issuance Instructions. 
 (a) Upon the issuance of Notes hereunder, the Bank shall deliver instructions as to the completion of the Notes (as described below) to a duly authorized representative of the U.S. Registrar, the European Registrar or
the London Issuing Agent, as applicable, as named by such Agent and of which the Bank shall be notified in writing. Such instructions shall be delivered from time to time through the use of a facsimile transmission (confirmed by guaranteed delivery
of overnight or recognized international courier) from any Authorized Representative. Such instructions shall include the following (each term as used or defined in the related form of Note attached to such instructions), as applicable: 

 

	 	1.	Issue Price, Principal Amount of the Note, CUSIP, Common Code or ISIN numbers, as applicable, and whether such Note is a Senior Note or a Subordinated Note.

  

	 	2.	Currency of issuance. 

  

	 	3.	Form of Note (whether registered or bearer). 

  

	 	4.	(a)       Fixed Rate Notes: 

 (i) Interest Rate, 
 (ii) Interest Payment Dates, and 
 (iii) Regular Record Dates. 
  

	 	(b)	Floating Rate Notes: 

 (i) Base Rate or
Rates, 
 (ii) Initial Interest Rate, 
 (iii) Spread and/or Spread Multiplier, if any, 
 (iv) Interest Reset Date or Dates, 
 (v) Interest Periods, 
 (vi) Interest Payment Dates, 
 (vii) Regular Record Dates, 
 (viii) Index Maturity, 
  

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 (ix) Maximum and Minimum Interest Rates, if any, and 
 (x) Calculation Agent, if other than Deutsche Bank Trust Company Americas. 
  

	 	(c)	Indexed Notes: 

 (i) Base Rates,

 (ii) Initial Interest Rate(s), 
 (iii) Underlying index, credit or formula, 
 (iv) Interest (or Other Amounts Payable) Reset Date(s), 
 (v) Interest (or Other Amounts
Payable) Period(s), 
 (vi) Interest (or Other Amounts Payable) Payment Date(s), 
 (vii) Regular Record Dates, 
 (viii) Maximum and Minimum Interest Rates, if any, 
 (ix) Any terms relating to the exchange
of such Notes, and 
 (x) Calculation Agent, if other than Deutsche Bank Trust Company Americas. 
 5. Price to purchasers, if any, of the Note (or whether the Note is being offered at varying prices relating to prevailing market prices
at time of resale as determined by the applicable Selling Agent). 
 6. Trade date. 
 7. Settlement date. 
 8. Original Issue Date. 
 9. Stated Maturity. 
 10. Minimum and authorized denominations. 
 11. If applicable, an Amortization Table specifying the rate at which an Amortizing or Indexed Note, as applicable, is to be amortized, and with respect to an Indexed Note, specifying the applicable reference rate, if
any, or lock-out date, if any. 
 12. Redemption provisions, if any, including the initial redemption date, initial redemption
percentage, annual redemption reduction percentage, whether partial redemption is permitted and the method of determining Notes to be redeemed. 
  

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 13. Prepayment option date(s) and prepayment option price(s), if any. 
 14. Extension provisions, if any, of an extendible Note, including length of extension period(s), number of extension periods, final
maturity date and other applicable terms. 
 15. Provisions relating to a Note subject to extension at the option of the Bank.

 16. Net proceeds to the Bank. 
 17. The Selling Agent’s commission or underwriting discount and the relevant delivery information of the Selling Agent for settlement. 
 18. Whether such Notes are being sold to the Selling Agent as principal or to an investor or other purchaser through the Selling Agent
acting as agent for the Bank, or by the Bank itself. 
 19. Whether such Note is being issued as an Original Issue Discount
Note (or otherwise issued with original issue discount for U.S. federal income tax purposes) and the terms thereof. 
 20.
Whether such Notes are Dual Currency Notes and, if so, the alternative currency for payments on the Notes. 
 21. Whether such
Notes are Amortizing Notes and, if so, the terms thereof. 
 22. Exchange rate agent, if applicable. 
 23. Applicable exemption from registration under the OCC’s regulations. 
 24. Relevant depositary or clearing system. 
 25. Whether Additional Amounts will be paid. 
 26. Whether the Notes may be redeemed for tax
reasons and, if so, the terms thereof. 
 27. Such other information specified with respect to the Notes (whether by addendum,
text to be included under “Other Provisions” on the face of such Note, or otherwise). 
 (b) All instructions regarding the
completion, authentication and delivery of Notes shall be given by an Authorized Representative by facsimile transmission or by other acceptable written means in accordance with the Administrative Procedures. In addition, the Selling Agent who has
arranged to purchase or procure the purchase of Notes from the Bank shall notify the applicable Registrar or the London Issuing Agent, as the case may be, by facsimile transmission or by other acceptable written means no later than 3:00 p.m. London
time, in the case of the London Issuing Agent or the European Registrar, and no later than 3:00 p.m. New York City time, in the case of the U.S. Registrar, three Business Days prior to the proposed issue date, that payment by the Selling Agent to
the Bank of the purchase price of any Note has been or will be duly made and (if applicable) of details of the securities account to which payment is to be made. 
  

 12 

 (c) Each instruction given to the U.S. Registrar, the European Registrar or the London Issuing Agent in
accordance with this Section 4 shall constitute a representation and warranty to such Agent by the Bank that the issuance and delivery of the Notes is in accordance with the terms and conditions described in this Agreement and the
Offering Circular and the applicable Pricing Supplement, and the Notes have been duly and validly authorized by the Bank and, when completed, authenticated and delivered pursuant hereto, the Notes will constitute the valid and legally binding
obligations of the Bank enforceable against the Bank in accordance with their terms, subject to bankruptcy, insolvency, reorganization, receivership, conservatorship, moratorium or other laws relating to or affecting enforcement of creditors’
rights generally, to general equity principles or to 12 U.S.C. § 1818(b)(6)(D) (or any successor statute), 12 C.F.R. § 5.47 (or any successor regulation) and similar bank regulatory powers now or hereafter in effect. 
 (d) Any instruction given by the Bank to an Agent under this Agreement shall be in the form of an Officer’s Certificate or other signed letter or
memorandum. Any “signed letter or memorandum” means a document signed by an Authorized Representative and delivered to such Agent. 
 SECTION 5.
Issue of Registered Global Notes. 
 (a) Upon receipt of instructions from an Authorized Representative in accordance with
Section 4 hereof and the Administrative Procedures regarding the completion, authentication and delivery of one or more Registered Global Notes, the U.S. Registrar (in the case of DTC Global Notes) or the European Registrar (in the case
of Euroclear/Clearstream, Luxembourg Global Notes) shall cause to be withdrawn from safekeeping the necessary and applicable Registered Global Note(s) and, in accordance with such written instructions, shall: 
 (A) complete such Registered Global Note(s); 
 (B) attach the relevant Pricing Supplement, as supplied by the Bank; 
 (C) register such
Registered Global Note(s) in the name of Cede & Co., or another nominee of DTC, and/or in the name of a nominee of Euroclear and/or Clearstream, Luxembourg, as specified in such instructions; 
 (D) authenticate such Registered Global Note(s); and 
 (E) (i) deliver, in accordance with the Administrative Procedures, such Registered Global Note(s) to a custodian of DTC in accordance with
such instructions against receipt from the custodian of confirmation that such custodian is holding the Registered Global Note(s) so delivered in safe custody for the account of DTC and instruct DTC to credit the Notes represented by such Registered
Global Note(s), unless otherwise agreed in writing between the U.S. Registrar and the Bank, to the U.S. Registrar’s participant account at DTC; and/or 
  

 13 

 (ii) deliver, in accordance with the Administrative Procedures, such Registered Global
Note(s) to the specified common depositary of Euroclear and Clearstream, Luxembourg in accordance with such instructions against receipt from the common depositary of confirmation that such common depositary is holding the Registered Global Note(s)
so delivered in safe custody for the account of Euroclear and/or Clearstream, Luxembourg and instruct Euroclear or Clearstream, Luxembourg or both of them (as the case may be) to credit the Notes represented by such Registered Global Note(s), unless
otherwise agreed in writing between the European Registrar and the Bank, to the London Issuing Agent’s distribution account; and 
 (F) ensure that the Notes of such series are assigned a CUSIP number or other identifying code, which will be provided to the applicable Registrar by the Bank; 
 provided, that instructions regarding the completion and authentication of such Note(s) are received by the applicable Registrar in accordance with the Administrative
Procedures. 
 (b) The U.S. Registrar shall provide DTC, and the European Registrar shall provide Euroclear and/or Clearstream, Luxembourg,
with such notifications, instructions or other information to be given by the U.S. Registrar or the European Registrar, as the case may be, to DTC, Euroclear and/or Clearstream, Luxembourg as may be required by this Agreement and the DTC Letters of
Representations and in accordance with the standard procedures of any such clearing system. 
 (c) Notwithstanding the foregoing, in the
event that Registered Notes of a Series are issued outside the United States in accordance with the provisions of Regulation S under the U.S. Securities Act of 1933, as amended, as indicated in the applicable Pricing Supplement, the European
Registrar shall complete, authenticate and deliver a Registered Global Note initially in temporary form, to be exchangeable for a Registered Global Note in permanent form, in accordance with and subject to such requirements and conditions as agreed
between the Bank, the European Registrar and the relevant Selling Agent(s). 
 (d) Notwithstanding the foregoing, in the event that
Registered Notes of a Series issued with a maturity of 270 days or less are represented by one or more single Master Short-Term Registered Note certificates, the procedures set forth in Section 5(a)(A) and Section 5(a)(B)
above shall be satisfied by the electronic entry by the U.S. Registrar, on behalf of the Bank, of the terms of each short-term Note so issued (as such terms are provided to the U.S. Registrar by the Bank pursuant to Section 4(a) and as
set forth in the applicable Pricing Supplement) in the DTC MMI System under the U.S. Registrar’s participant number, and upon such entry, such Master Short-Term Registered Note, together with such electronic records, will evidence the
obligations of the Bank under any such Note. 
  

 14 

 SECTION 6. Issue of Temporary Bearer Global Notes. 
 (a) Upon receipt of instructions from an Authorized Representative in accordance with Section 4 hereof and the Administrative Procedures
regarding the completion, authentication and delivery of one or more Temporary Bearer Global Notes, the London Issuing Agent shall cause to be withdrawn from safekeeping the necessary and applicable Temporary Bearer Global Note and, in accordance
with such written instructions, shall: 
 (A) complete such Temporary Bearer Global Notes(s); 
 (B) attach the relevant Pricing Supplement, as supplied by the Bank; 
 (C) authenticate such Temporary Bearer Global Note(s); 
 (D) deliver, in accordance with the Administrative Procedures, such Temporary Bearer Global Note(s) to the specified common depositary of
Euroclear and Clearstream, Luxembourg in accordance with such instructions against receipt from the common depositary of confirmation that such common depositary is holding the Temporary Bearer Global Note(s) so delivered in safe custody for the
account of Euroclear and/or Clearstream, Luxembourg and instruct Euroclear or Clearstream Luxembourg or both of them (as the case may be) to credit the Notes represented by such Temporary Bearer Global Note(s), unless otherwise agreed in writing
between the London Issuing Agent and the Bank, to the London Issuing Agent’s distribution account; and 
 (E) ensure that
the Notes of each Tranche are assigned a common code (“Common Code”) and International Security Identification Number (“ISIN”) by Euroclear and Clearstream, Luxembourg which are different from the Common Code and
ISIN assigned to Notes of any other Tranche of the same Series until 40 days after the completion of the distribution of the Notes of such Tranche as notified by the London Issuing Agent to the relevant Selling Agent; 
 provided, that instructions regarding the completion and authentication of such Note(s) are received by the London Issuing Agent in accordance with the Administrative
Procedures. 
 (b) The London Issuing Agent shall provide Euroclear and/or Clearstream, Luxembourg with such notifications, instructions or
other information to be given by the London Issuing Agent to Euroclear and/or Clearstream, Luxembourg in accordance with the standard procedures of Euroclear and/or Clearstream, Luxembourg. 
 SECTION 7. Determination of Exchange Date and Issue of Permanent Bearer Global Notes. 
 (a) (i) The London Issuing Agent will determine the Exchange Date for each Temporary Bearer Global Note in accordance with the terms thereof. Forthwith
upon determining the Exchange Date in respect of any Tranche, the London Issuing Agent shall notify such determination to the Bank, the relevant Selling Agent(s), Euroclear and Clearstream, Luxembourg. 
  

 15 

 (ii) The London Issuing Agent shall deliver, upon notice from Euroclear or Clearstream, Luxembourg, a
Permanent Bearer Global Note or a Definitive Bearer Note, as the case may be, in accordance with the terms of the Temporary Bearer Global Note, in each case against certification of non-U.S. beneficial ownership as required by U.S. treasury
regulations, substantially in the form set forth in Exhibit J hereto, to the effect that it has received from or in respect of a person entitled to a particular principal amount of the Bearer Notes (as shown by its records) a certificate in
or substantially in the form of the certificate set forth in Exhibit K hereto, unless such certification has already been given. Upon any exchange of a portion of a Temporary Bearer Global Note for an interest in a Permanent Bearer Global
Note, the London Issuing Agent is hereby authorized on behalf of the bank: 
 (A) for the first Tranche of any Series of
Notes, to cause to be withdrawn from safekeeping the necessary and applicable Permanent Bearer Global Note and, in accordance with the terms of the Temporary Bearer Global Note, to complete a Permanent Bearer Global Note in accordance with the terms
of the Temporary Bearer Global Note applicable to such Tranche; 
 (B) to attach the relevant Pricing Supplement applicable to
such Tranche as supplied by the Bank; 
 (C) for the first Tranche of any Series of Notes, to authenticate such Permanent
Bearer Global Note; 
 (D) for the first Tranche of any Series of Notes, to deliver, in accordance with the Administrative
Procedures, such Permanent Bearer Global Note to the specified common depositary that is holding the Temporary Bearer Global Note applicable to such Tranche for the time being on behalf of Euroclear and/or Clearstream, Luxembourg either in exchange
for such Temporary Bearer Global Note or, in the case of a partial exchange, on entering details of such partial exchange of the Temporary Bearer Global Note in the relevant spaces in Schedule 2 of both the Temporary Bearer Global Note and the
Permanent Bearer Global Note, and in either case against receipt from the common depositary of confirmation that such common depositary is holding the Permanent Bearer Global Note in safe custody for the account of Euroclear and/or Clearstream,
Luxembourg; and 
 (E) in the case of a subsequent Tranche of any Series of Notes, to attach the Pricing Supplement applicable
to such Tranche to the Permanent Bearer Global Note applicable to such Series and to enter details of any exchange in whole or in part as stated above. 
 (b) The London Issuing Agent shall provide Euroclear and/or Clearstream, Luxembourg with such notifications, instructions or other information to be given by the London Issuing Agent to Euroclear and/or Clearstream,
Luxembourg in accordance with the standard procedures of Euroclear and/or Clearstream, Luxembourg. 
  

 16 

 SECTION 8. Issue of Definitive Bearer Notes. 
 (a) Unless otherwise provided in the applicable terms of the Note, interests in a Bearer Global Note will be exchangeable in whole, but not in part, for
Definitive Bearer Notes with Coupons attached: (i) in the case of a Permanent Bearer Global Note, on not less than 60 days’ written notice of exchange to the London Issuing Agent from Euroclear and/or Clearstream, Luxembourg (acting on the
instructions of any holder of an interest in the Permanent Bearer Global Note), (ii) if an Event of Default (as defined in the Note) with respect to the Bearer Global Note occurs and is continuing, (iii) if the Bank is notified that either
Euroclear or Clearstream, Luxembourg has been closed for business for a continuous period of 14 days (other than by reason of holidays, whether statutory or otherwise) after the original issuance of the Bearer Global Note or has announced an
intention to permanently cease business or has in fact done so and no alternative clearance system approved by the applicable noteholders is available, or (iv) the Bank, after notice to the London Issuing Agent, determines to issue Notes in
definitive bearer form. Upon the occurrence of these events, the London Issuing Agent shall cause to be withdrawn from safekeeping the necessary and applicable Definitive Bearer Note(s) and, in accordance with the terms of the relevant Permanent
Bearer Global Note, shall: 
 (A) complete, if applicable, an equal aggregate principal amount of Definitive Bearer Notes of
authorized denominations and of like tenor and with identical terms as the Permanent Bearer Global Note in accordance with the terms thereof; 
 (B) cause the European Registrar to authenticate such Definitive Bearer Note(s); and 
 (C)
deliver in accordance with the Administrative Procedures such Definitive Bearer Note(s) to or to the order of Euroclear and/or Clearstream, Luxembourg in exchange for such Permanent Bearer Global Note. 
 The London Issuing Agent shall notify the Bank forthwith upon receipt of a request for the issuance of Definitive Bearer Note(s) in accordance with the provisions of a
Permanent Bearer Global Note. In the case of Temporary Bearer Global Notes, such exchange shall only be made on or after the Exchange Date against certification of non-U.S. beneficial ownership in accordance with Section 7(a)(ii).

 (b) The Bank shall deliver to the London Issuing Agent, pursuant to a request for the issue of Definitive Bearer Notes under the terms of
the relevant Permanent Bearer Global Note, a sufficient number of Definitive Bearer Notes (with, if applicable, Receipts, Coupons and Talons attached) executed by an Authorized Representative to enable the London Issuing Agent to comply with its
obligations under this Section 8. 
 SECTION 9. Issue of Definitive Registered Notes. 
 (a) Definitive Registered Notes shall be issued in exchange for interests in a Registered Global Note only if permitted by applicable law and (i) in
the case of a DTC Global Note, DTC notifies the Bank that it is unwilling or unable to continue to act as depositary for the DTC Global Note, or if DTC ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended,
if so required by applicable law or regulation, and, in either 

  

 17 

 
case, a successor depositary is not appointed by the Bank within 90 days after receiving such notice or becoming aware that DTC is no longer so registered,
(ii) in the case of any other Registered Global Note, if the Bank is notified that the clearing system(s) through which the Registered Global Note is cleared and settled has been closed for business for a continuous period of 14 days (other
than by reason of holidays, whether statutory or otherwise) after the original issuance of the Note or has announced an intention to cease business permanently or has in fact done so and no alternative clearing system approved by the applicable
noteholders is available, (iii) the Bank in its discretion elects to issue Definitive Registered Notes or (iv) after the occurrence of an Event of Default with respect to any Registered Global Note of a Series, the beneficial owners
representing a majority in principal amount of such Registered Global Note advise the relevant clearing system through its participants to cease acting as depositary for such Registered Global Note. If a Master Short-Term Registered Note certificate
represents more than one series of Notes, one or more of such series may be issued in the form of Definitive Registered Notes, and such certificate may continue to represent the other series that are not so issued in definitive form. 
 (b) Upon the occurrence of any event specified in Section 9(a) which pursuant to the terms of a Registered Global Note requires the issue of
Definitive Registered Notes in exchange for the Registered Global Note, the applicable Registrar shall cause to be withdrawn from safekeeping the necessary and applicable Definitive Registered Note(s) and, in accordance with the terms of the
Registered Global Note, shall: 
 (A) complete an equal aggregate principal amount of Definitive Registered Note(s) of
authorized denominations and of like tenor with identical terms as the Registered Global Note in accordance with the terms of the Registered Global Note; 
 (B) register such Definitive Registered Notes in the name or names of such persons as the relevant clearing system shall instruct the applicable Registrar in writing; 
 (C) authenticate such Definitive Registered Notes; and 
 (D) deliver such Definitive Registered Notes to the relevant clearing system or pursuant to such clearing system’s written
instructions in exchange for such Registered Global Note. 
 (c) The Bank shall deliver to the applicable Registrar, upon the occurrence of
any event specified in Section 9(a) which pursuant to the terms of a Registered Global Note requires the issue of Definitive Registered Notes, a sufficient number of Definitive Registered Notes executed by an Authorized Representative to
enable such Registrar to comply with its obligations under this Section 9. 
 SECTION 10. Exchanges. 
 (a) Upon any exchange of a Permanent Bearer Global Note in whole, but not in part, for Definitive Bearer Notes, the London Issuing Agent shall cancel or
arrange for the cancellation of such Permanent Bearer Global Note. Upon any exchange of all or a part of an interest in a Temporary Bearer Global Note for an interest in a Permanent Bearer Global Note or for Definitive Bearer Notes, as the case may
be, the London Issuing Agent shall procure that the 

  

 18 

 
Temporary Bearer Global Note shall be endorsed by or on behalf of the London Issuing Agent to reflect the reduction of its nominal amount by the aggregate
nominal amount so exchanged and, where applicable, the Permanent Bearer Global Note shall be endorsed by or on behalf of the London Issuing Agent to reflect the increase in its nominal amount as a result of any exchange for an interest in the
Temporary Bearer Global Notes. Until exchanged in full, the holder of an interest in any Bearer Global Note shall in all respects be entitled to the same benefits as the holder of Notes, Receipts, Coupons and Talons authenticated and delivered
hereunder, except as set forth herein or therein. The London Issuing Agent is hereby authorized on behalf of the Bank and instructed (i) to endorse or to arrange for the endorsement of the relevant Temporary Bearer Global Note to reflect the
reduction in the principal amount represented thereby by the amount so exchanged and, if appropriate, to endorse the Permanent Bearer Global Note to reflect any increase in the principal amount represented thereby, and in either case, to sign in the
relevant space on the relevant Temporary or Permanent Bearer Global Note recording the exchange and the reduction or increase and (ii) in the case of a total exchange, to cancel or arrange for the cancellation of the relevant Temporary Bearer
Global Note. 
 (b) Any exchange of all or part of an interest in a Temporary Bearer Global Note for an interest in a Permanent Bearer Global
Note or any exchange of all or part of an interest in a Temporary or Permanent Bearer Global Note for Definitive Bearer Notes shall be made only outside of the United States and its possessions. 
 SECTION 11. Note Register; Registration, Transfer and Exchange; Persons Deemed Owners. 
 (a) The U.S. Registrar, as registrar for certain Registered Notes, and the European Registrar, as registrar for certain Registered Notes, shall maintain
at their respective principal offices at Deutsche Bank Trust Company Americas, 60 Wall Street – 27th Floor, New York, New York 10005, at Deutsche Bank Luxembourg, S.A., 2 Boulevard Konrad-Adenauer, L-1115 Luxembourg, or such other locations as
may be agreed from time to time, the note register (the “Note Register”). The term “Note Register” shall mean the definitive register in which shall be recorded the names, addresses and taxpayer identification numbers of
the holders of Registered Notes, the serial and CUSIP numbers (or Common Code/ISIN Numbers, as the case may be) of the Registered Notes, the Original Issue Dates of the Registered Notes and details with respect to the transfer and exchange of
Registered Notes. 
 (b) Upon surrender for the purpose of registration of transfer at the offices of the U.S. Registrar, the European
Transfer Agent or any other transfer agent maintained for that purpose of any Registered Note, accompanied by a written instrument of transfer in form satisfactory to the U.S. Registrar, the European Transfer Agent or such other transfer agent,
executed by the registered holder, in person or by such holder’s attorney thereunto duly authorized in writing, with such evidence of due authorization and guaranty as may reasonably be required by such U.S. Registrar, European Transfer Agent
or such other transfer agent, such Registered Note shall be transferred upon the Note Register, and the U.S. Registrar or the European Registrar, as the case may be, shall complete, authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Registered Notes of authorized denominations, of an equal aggregate principal amount and of like tenor with identical terms and provisions; provided, however, that Registered Notes may be delivered for the
purpose of registration of transfer by mail at the risk and expense of the transferor. Transfers and exchanges of Registered Notes shall be subject to such restrictions as shall be set forth herein and in the text of the Notes and such reasonable
regulations as may be prescribed by the Bank. Successive registrations and registrations of transfers as aforesaid may be made from time to time as desired, and each such registration shall be noted on the Note Register. 
  

 19 

 (c) Notwithstanding anything to the contrary contained in Section 11(b), if the Notes of any
Series are for the time being represented by both a DTC Global Note and a Euroclear/Clearstream, Luxembourg Global Note and an authorized representative of DTC presents the DTC Global Note to the U.S. Registrar, the European Transfer Agent or any
other transfer agent maintained for that purpose, accompanied by a written instrument of transfer in form satisfactory to the U.S. Registrar, the European Transfer Agent or such transfer agent, executed by DTC or by DTC’s attorney thereunto
duly authorized in writing, for the purpose of registration of transfer of all or any portion of DTC’s interest in such DTC Global Note to Euroclear and/or Clearstream, Luxembourg, such DTC Global Note or the relevant interest therein shall be
transferred upon the Note Register, and the U.S. Registrar shall endorse the DTC Global Note to reflect the reduction of its principal amount by the aggregate principal amount so transferred and the appropriate Euroclear/Clearstream, Luxembourg
Global Note shall be endorsed by the European Registrar to reflect the increase of its principal amount by the aggregate principal amount so transferred. The applicable Registrar is hereby authorized on behalf of the Bank (i) to endorse or to
arrange for the endorsement of the relevant DTC Global Note to reflect the reduction in the principal amount represented thereby by the amount so transferred and to endorse the appropriate Euroclear/Clearstream, Luxembourg Global Note to reflect the
increase in the principal amount represented thereby by the amount so transferred and, in either case, to sign in the relevant space on the relevant Note recording such reduction or increase and (ii) in the case of a total exchange, to cancel
or arrange for the cancellation of the DTC Global Note. 
 (d) Notwithstanding anything to the contrary contained in
Section 11(b), if the Notes of any series are for the time being represented by both a DTC Global Note and a Euroclear/Clearstream, Luxembourg Global Note and an authorized representative of Euroclear or Clearstream, Luxembourg presents
the Euroclear/Clearstream, Luxembourg Global Note to the European Registrar, the European Transfer Agent or any other transfer agent maintained for that purpose, accompanied by a written instrument of transfer in form satisfactory to the European
Registrar, the European Transfer Agent or such transfer agent, executed by Euroclear or Clearstream, Luxembourg, as the case may be, or by Euroclear’s or Clearstream, Luxembourg’s attorney thereunto duly authorized in writing, for the
purpose of registration of transfer of all or any portion of Euroclear’s or Clearstream, Luxembourg’s interest in such Euroclear/Clearstream, Luxembourg Global Note to DTC, such Euroclear/Clearstream, Luxembourg Global Note or the relevant
interest therein shall be transferred upon the Note Register, and the European Registrar shall endorse the Euroclear/Clearstream, Luxembourg Global Note to reflect the reduction of its principal amount by the aggregate principal amount so
transferred and the appropriate DTC Global Note shall be endorsed by the U.S. Registrar to reflect the increase of its principal amount by the aggregate principal amount so transferred. The applicable Registrar is hereby authorized on behalf of the
Bank (i) to endorse or to arrange for the endorsement of the relevant Euroclear/Clearstream, Luxembourg Global Note to reflect the reduction in the principal amount represented thereby by the amount so transferred and to endorse the appropriate
DTC Global Note to reflect the increase in the principal amount represented thereby by the amount so transferred and, in either case, to sign in the relevant space on the relevant Note recording such reduction or increase and (ii) in the case
of a total exchange, to cancel or arrange for the cancellation of the Euroclear/Clearstream, Luxembourg Global Note. 
  

 20 

 (e) At the option of the holder of a Definitive Registered Note, such Definitive Registered Note may be
exchanged for other Definitive Registered Notes of any authorized denominations of an equal aggregate principal amount and of like tenor with identical terms and provisions, upon surrender of the Definitive Registered Note to be exchanged at the
offices of the applicable Registrar, the European Transfer Agent or any other transfer agent maintained for that purpose. Whenever any Definitive Registered Notes are so surrendered for exchange, the applicable Registrar shall complete, authenticate
and deliver the Definitive Registered Notes which the holder of the Definitive Registered Note making the exchange is entitled to receive. Except as provided in Section 9 hereof or in the applicable Pricing Supplement and Note, owners of
beneficial interests in a Registered Global Note shall not be entitled to have Notes registered in their names, shall not receive or be entitled to receive physical delivery of Definitive Registered Notes and shall not be considered the owners or
holders thereof under this Agreement. 
 (f) Notwithstanding the foregoing, neither the U.S. Registrar, the European Registrar, the European
Transfer Agent nor any other transfer agent maintained for that purpose shall register the transfer or exchange of (i) any Registered Note that has been called for redemption in whole or in part, except the unredeemed portion of any Registered
Note being redeemed in part, (ii) any Registered Note during the period beginning at the opening of business 15 days before the mailing of a notice of such redemption and ending at the close of business on the day of such mailing, or
(iii) any Registered Global Note if the Registrar, the European Transfer Agent or such transfer agent learns that such proposed transfer or exchange would violate any legend contained on the face of such Registered Global Note. 
 (g) All Registered Notes issued upon any registration of transfer or exchange of Registered Notes shall be valid obligations of the Bank, evidencing the
same debt, and entitled to the same benefits as the Registered Notes surrendered upon such registration of transfer or exchange. 
 (h)
Bearer Notes and any Coupons are transferable by delivery. At the option of the holder of a Definitive Bearer Note, such Definitive Bearer Note may exchanged for other Definitive Bearer Notes of any authorized denominations of an equal aggregate
principal amount and of like tenor with identical terms and provisions, upon surrender of the Definitive Bearer Note to be exchanged at the offices of the European Transfer Agent or any other transfer agent maintained for that purpose. Whenever any
Definitive Bearer Notes are so surrendered for exchange, the European Transfer Agent shall complete, authenticate and deliver the Definitive Bearer Notes which the holder of the Definitive Bearer Note making the exchange is entitled to receive.

 (i) No service charge shall be made to a holder of Registered Notes for any transfer or exchange of Registered Notes, but the Bank or the
applicable Registrar or any Agent, as the case may be, may require payment of a sum sufficient to cover any stamp or other tax, duty, assessment or governmental charge that may be imposed in connection therewith. 
  

 21 

 (j) The Bank and the Agents and any agent of the Bank or the Agents may treat the holder in whose name a
Registered Note is registered on the Note Register as the owner of such Registered Note for all purposes, whether or not such Registered Note be overdue, and neither the Bank, the Agents, nor any such agent shall be affected by notice to the
contrary except as required by applicable law. 
 (k) The Bank and Agents and any agent of the Bank or the Agents may deem and treat the
holder of a Bearer Note as the absolute owner of such Bearer Note for all purposes, whether or not such Bearer Note be overdue, and neither the Bank, the Agents nor any such agent shall be affected by notice to the contrary, except as required by
law. 
 SECTION 12. Terms of Issue. 
 (a)
The applicable Registrar and the London Issuing Agent shall cause all Notes delivered to and held by it under this Agreement to be maintained in safe custody and shall ensure that such Notes are issued only in accordance with the provisions of this
Agreement and the relevant Note in authorized denominations and otherwise in accordance with the instructions received by it. 
 (b) Subject
to the procedures set out in the Administrative Procedures, the applicable Registrar and the London Issuing Agent shall be entitled to treat a facsimile communication from a person purporting to be (and whom the Registrar or London Issuing Agent
believes in good faith to be) an Authorized Representative as sufficient instructions and authority of the Bank for the applicable Registrar and the London Issuing Agent to act in accordance with Section 5, Section 6,
Section 8, Section 9 or Section 12 of this Agreement, as applicable. 
 (c) Unless otherwise agreed in
writing between the Bank and the applicable Registrar or London Issuing Agent, as applicable, each Note credited to the applicable Registrar’s or London Issuing Agent’s distribution account with DTC, Euroclear or Clearstream, Luxembourg
following the delivery of a Registered Global Note to a custodian of DTC or a common depositary for Euroclear and Clearstream, Luxembourg in accordance with clause (v) of Section 5(a) of this Agreement or the delivery of a Temporary
Bearer Global Note to a common depositary for Euroclear and Clearstream, Luxembourg in accordance with clause (iv) of Section 6(a) of this Agreement, as the case may be, shall be held pursuant to the order of the Bank. The
applicable Registrar or London Issuing Agent shall ensure that the principal amount of Notes which the relevant purchaser has agreed to purchase is: 
 (A) debited from the applicable Registrar’s or London Issuing Agent’s account; and 
 (B) credited to the account of such purchaser with DTC or Euroclear or Clearstream, Luxembourg, as the case may be; 
 in each case, only upon
receipt by the applicable Registrar or London Issuing Agent on behalf of the Bank of the full purchase price due from the relevant purchaser with respect to such Notes. 
  

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 (d) If on the relevant settlement date, the purchaser does not pay the full purchase price due from it
with respect to any Note (the “Defaulted Note”) and, as a result, the Defaulted Note remains in the applicable Registrar’s or London Issuing Agent’s distribution account with DTC or Euroclear and/or Clearstream, Luxembourg
after such settlement date, the applicable Registrar or London Issuing Agent shall continue to hold the Defaulted Note pursuant to the order of the Bank. The applicable Registrar or London Issuing Agent shall notify the Bank forthwith of the failure
of the purchaser to pay the full purchase price due from it with respect to any Defaulted Note and subsequently, unless otherwise instructed by the Bank, shall cancel or arrange the cancellation of such Defaulted Note. 
 (e) In the event of an issue of Notes which is to be listed, quoted and/or traded on a Stock Exchange, subject to timely receipt of issuance instructions
from the Bank in accordance with the terms of the Administrative Procedures, the London Paying Agent shall promptly, and in any event prior to the settlement date with respect to such issue, send the Pricing Supplement with respect to such Notes to
the relevant listing agent. The Agents shall take such actions as may be requested from time to time in writing by the Bank or the relevant listing agent to permit the Notes, if applicable, to be listed, quoted and/or traded on such Stock Exchange.

 (f) The Administrative Procedures shall not be amended by the Bank without the prior written approval of the relevant Agent or Agents, as
applicable. 
 (g) If a Paying Agent pays an amount (the “Advance”) to the Bank on the basis that a payment has been or will
be received from a Selling Agent and if the payment is not received by the Paying Agent on the date the Paying Agent pays the Bank, the Paying Agent shall notify the Bank by facsimile that the payment has not been received and the Bank shall repay
to the Paying Agent the Advance and shall pay interest (at a rate determined in good faith by the Paying Agent to represent its cost of funding the Advance) on the Advance (or the unreimbursed portion thereof) from (and including) the date such
Advance is made to (but excluding) the earlier of repayment of the Advance and receipt by the Paying Agent of the payment. 
 SECTION 13. Payments.

 (a) The U.S. Paying Agent (in the case of Registered Global Notes issued through DTC and Definitive Registered Notes) or the London Paying
Agent (in the case of Registered Global Notes issued through Euroclear or Clearstream, Luxembourg, Temporary Bearer Global Notes, Permanent Bearer Global Notes and Definitive Bearer Notes) shall provide the Bank not later than 10 Business Days prior
to the date on which any payment is to be made to the U.S. Paying Agent or the London Paying Agent, as the case may be, pursuant to this Section 13(a), a list of principal payments, interest payments or other payments to be made with
respect to each Note on any Interest Payment Date or any maturity date or date of redemption or repayment and the total of such amounts, and the Bank shall (i) before 4:00 p.m. (New York time) on the second Business Day prior to the date on
which any payment with respect to any Notes becomes due, confirm to the U.S. Paying Agent or the London Paying Agent, as the case may be, by facsimile or by other means acceptable to the Bank and the U.S. Paying Agent or the London Paying Agent, as
the case may be, that it has given instructions for the transfer of the relevant funds to the U.S. Paying Agent or the London Paying Agent, as the case may be, and the name and account of the bank through which such payment is being made and provide
details of the person or department in such bank to which communications to such bank should be addressed and (ii) not later than the Payment Time (as defined below) on the Business Day on which any payment 

  

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with respect to any Notes becomes due, transfer to an account specified by the U.S. Paying Agent or the London Paying Agent, as the case may be, such amount
in the relevant currency as shall be sufficient for the purposes of such payment in funds settled through such payment system as the U.S. Paying Agent or the London Paying Agent, as the case may be, and the Bank may agree. As used in this subsection
(a), the term “Payment Time” means 10:00 a.m. New York time or, in the case of a payment in a currency other than U.S. Dollars, London time. 
 (b) Subject to the U.S. Paying Agent or the London Paying Agent, as the case may be, being satisfied in its sole reasonable discretion that payment will be duly made as provided in Section 13(a) of this
Agreement, the relevant Paying Agent may, but shall not be required to, pay or cause to be paid all amounts due with respect to the Notes on behalf of the Bank in the manner provided in the Notes. If any payment provided for in
Section 13(a) hereof is made late but otherwise in accordance with the provisions of this Agreement, each Paying Agent shall nevertheless make payments with respect to the Notes as aforesaid following its actual receipt of such payment.

 (c) If for any reason the U.S. Paying Agent or the London Paying Agent, as the case may be, considers in its sole reasonable discretion
that the amounts to be received by the U.S. Paying Agent or the London Paying Agent, as the case may be, pursuant to Section 13(a) hereof will be, or the amounts actually received by it pursuant thereto are, insufficient to satisfy all
claims with respect to all payments then falling due with respect to the Notes, the U.S. Paying Agent or the London Paying Agent, as the case may be, shall then forthwith notify the Bank of such insufficiency and, until such time as the U.S. Paying
Agent or the London Paying Agent, as the case may be, has received the full amount of all such payments in available funds, no Paying Agent shall be obligated to pay any such claims. 
 (d) The London Paying Agent shall ensure that payments of both principal and interest in respect of any Temporary Bearer Global Note will be made only to
the extent that certification of non-U.S. beneficial ownership as required by U.S. treasury regulations has been received from Euroclear and/or Clearstream, Luxembourg in accordance with the terms thereof. 
 (e) While any Notes are represented by a Temporary or Permanent Bearer Global Note(s), all payments due in respect of such Notes shall be made to, or to
the order of, the holder of the Temporary or Permanent Bearer Global Note(s), subject to, and in accordance with, the provisions of the Temporary or Permanent Bearer Global Note, as applicable. The London Paying Agent shall cause the appropriate
Schedule to the relevant Temporary or Permanent Bearer Global Note to be annotated so as to evidence the amounts and dates of such payments of principal and/or interest, as applicable. 
 (f) All payments in respect of any Temporary Bearer Global Note, Permanent Bearer Global Note or Definitive Bearer Note shall be made outside the United
States and its possessions. Payments on any Bearer Notes will not be made (i) at any office or agency of the Bank in the United States or its possessions; (ii) by check mailed to any address in the United States or its possessions; or
(iii) by wire transfer to an account maintained with a bank located in the United States or its possessions; provided, however, that payments in U.S. Dollars with respect to Bearer Notes may be made at the specified office of a paying agent in
the United States or its possessions if (I) the Bank has appointed paying agents with specified offices 

  

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outside the United States and its possessions with the reasonable expectation that such paying agents will be able to make payment of the full amount of
principal, premium, if any, interest, or any other amounts payable on the Bearer Notes in the manner provided in this Section 13 when due in U.S. Dollars at such specified offices; (II) payment of the full amount due of such principal,
premium, if any, interest, or any other amounts payable, at all such specified offices outside the United States and its possessions is illegal or effectively precluded by exchange controls or other similar restrictions on the full payment or
receipt of principal and interest in U.S. Dollars; and (III) such payment is then permitted under United States law without involving, in the opinion of the Bank, adverse tax consequences for the Bank. 
 (g) If the amount of principal and/or interest then due for payment is not paid in full (otherwise than by reasons of a deduction required by law to be made therefrom),
the U.S. Paying Agent or the London Paying Agent, as the case may be, shall make a record of such shortfall on the Note and such record shall, in the absence of manifest error, be prima facie evidence that the payment in question has not to that
extent been made. 
 SECTION 14. Determination and Notifications with Respect to Notes. 
 (a) The London Paying Agent shall prepare and deliver such monthly reports as may be required in connection with Outstanding Series of Notes to the Bank
of England and the Ministry of Finance of Japan and, if agreed between the Bank and the London Paying Agent, shall take all necessary action to comply with such other reporting requirements of any competent authority in respect of any relevant
currency as it may be directed, in writing, from time to time with respect to Notes Outstanding hereunder. 
 (b) For purposes of monitoring
the aggregate principal amount of Notes Outstanding at any time under the Program, the U.S. Dollar equivalent of the principal amount of each Series of Notes denominated in another currency, each Series of Dual Currency Notes, each Series of
Indexed Notes, each Series of Zero Coupon Notes and each Series of Partly Paid Notes shall be determined as follows: 
 (A)
the U.S. Dollar equivalent of Notes denominated in a currency other than U.S. Dollars shall be determined as of the Original Issue Date for such Notes on the basis of the spot rate for the sale of U.S. Dollars against the purchase of the
Specified Currency quoted by a foreign exchange dealer selected by the Bank on the relevant day of calculation; 
 (B) the
U.S. Dollar equivalent of Dual Currency Notes and Indexed Notes shall be determined in the manner specified in clause (i) above by reference to the original principal amount of such Notes; 
 (C) the U.S. Dollar equivalent of original issue discount Notes and any other Notes issued at a discount or premium shall be
determined in the manner specified in clause (i) above by reference to the net proceeds received by the Bank for the relevant issue; and 
  

 25 

 (D) the U.S. Dollar equivalent of Partly Paid Notes shall be determined in the
manner specified in clause (i) above by reference to the principal amount thereof regardless of the amount paid up on such Notes. 
 The Exchange Rate
Agent shall promptly notify the Bank and the Paying Agents of each determination made as aforesaid. 
 SECTION 15. Notice of Any Withholding or
Deduction. 
 If, with respect to any payments, the Bank is compelled to withhold or deduct any amount for or on account of taxes, duties,
assessments or governmental charges as specifically contemplated under the terms of the Notes, the Bank shall give notice thereof to each Paying Agent and the applicable Registrar, if applicable, as soon as it becomes aware of the requirement to
make such withholding or deduction and shall give to each Paying Agent and the applicable Registrar, if applicable, such information as such Paying Agent or the applicable Registrar, as the case may be, shall require to enable them to comply with
such requirement. At the request of the Bank, any such Paying Agent or Registrar which is a foreign person shall take such actions as are necessary in order to constitute an authorized foreign agent of the Bank pursuant to Treasury regulation
Section 1.1441-7(c), including making available such of its books and records and personnel which are relevant to the carrying out of its duties under this Section 15, when required in connection with any tax audit undertaken by the
U.S. Internal Revenue Service. 
 SECTION 16. Redemption of Notes. 
 (a) Unless otherwise provided in the applicable Pricing Supplement, if any Notes are to be redeemed prior to their Stated Maturity Date in accordance with their terms, the Bank shall notify the applicable Agents not
less than five days prior to the date on which the Bank will give notice of such redemption to the Noteholders of the Bank’s election to so redeem such Notes in whole or in part. Any remaining principal amount of Notes redeemed in part shall be
at least the minimum authorized denomination set forth in such Notes or as otherwise provided in the applicable Note or required by the applicable laws and regulations for currencies other than the U.S. Dollar. Immediately prior to the date on which
any notice of redemption is to be given as to any Notes, the Bank shall deliver to the applicable Agent a certificate stating that the Bank is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing
that all conditions precedent to such redemption have occurred or been satisfied and shall comply with all notice requirements provided for in the applicable Notes. 
 (b) Whenever less than all the Notes at any time outstanding are to be redeemed, the Series of Notes to be so redeemed shall be selected by the Bank. If less than all the Notes with identical terms at any time
outstanding are to be redeemed on any redemption date, the Notes to be so redeemed shall be selected by the applicable Registrar or the London Issuing Agent, as the case may be, by lot or in any usual manner approved by it, in the case of redeemed
Notes represented by Definitive Notes, and in accordance with the rules and procedures of DTC, Euroclear or Clearstream, Luxembourg, as applicable, in the case of redeemed Notes represented by a Global Note. The applicable Registrar or the London
Issuing Agent, as the case may be, shall promptly notify the Bank in writing of the Notes selected for redemption and, in the case of Notes selected for partial redemption, the principal amount thereof to be redeemed. 
  

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 (c) Unless otherwise specified in the applicable Note, notice of redemption shall be given by the
applicable Registrar, a Paying Agent or the London Issuing Agent, as designated in the particular instance by the Bank, at the Bank’s expense, not more than 60 nor less than 30 calendar days prior to the redemption date to each holder of a Note
to be redeemed. Notices in respect of Registered Notes to be redeemed shall be given by first-class mail, postage prepaid, to each holder’s address appearing in the Note Register. In the case of Bearer Notes to be redeemed, the London Issuing
Agent (or the Bank, in the case of Bearer Notes listed on a Stock Exchange) shall publish the notice required in connection with any such redemption, pursuant to Section 18 hereof, and shall at the same time also publish a separate list
of serial numbers of any Notes previously selected and not presented for redemption. All notices of redemption shall identify the Notes to be redeemed (including CUSIP, Common Code and ISIN numbers, as applicable), the date fixed for redemption, the
redemption price, the manner in which redemption will be effected and, in the case of a partial redemption, the serial numbers (and principal amounts) of the Notes to be redeemed. 
 (d) Upon notice of redemption having been given as described above, the Notes so to be redeemed shall, on the redemption date, become due and payable at
the redemption price specified in such Notes, and upon payment by the Bank of the full redemption price specified in such Notes, from and after such redemption date, such Notes shall cease to bear interest. Upon surrender of any such Notes for
redemption in accordance with such notice, the relevant Paying Agent shall pay or cause to be paid such Notes at the redemption price specified in such Notes, together with unpaid interest accrued on such Notes at the applicable interest rate of
such Notes to, but excluding, the redemption date. 
 (e) Any Definitive Registered Note or Definitive Bearer Note which is to be redeemed only in part shall
be surrendered to the applicable Registrar or the London Issuing Agent, respectively, and the applicable Registrar or the London Issuing Agent, as the case may be, shall complete, authenticate and deliver to a holder of such Note, without service
charge, a new Definitive Registered Note or Definitive Bearer Note of any authorized denomination as requested by such holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal amount of the Note
so surrendered. 
 SECTION 17. Repayment of Notes. 
 (a) In order for any Note, in accordance with its terms, to be repaid in whole or in part at the option of the holder thereof, such Note must be delivered by the holder thereof, with the form entitled “Option to
Elect Repayment” (set forth in such Note) duly completed, to the relevant Paying Agent at the address set forth in such form, or at such place or places of which the Bank shall from time to time notify the holders of the Notes, not more than 60
nor less than 30 days prior to the date fixed for the repayment of such Notes (the “Optional Repayment Date”). 
 (b) Upon
surrender of any Note for repayment in accordance with the provisions set forth above and in such Note, the Note to be repaid shall, on the Optional Repayment Date, become due and payable, and the relevant Paying Agent shall pay or cause to be paid
such Note on the Optional Repayment Date at a price, unless otherwise specified in such Note, 

  

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equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the Optional Repayment Date. 
 (c) If less than the entire principal amount of any Note is to be repaid, the holder thereof shall specify the portion thereof (which shall be in
increments of US$1,000 or the equivalent thereof in other currencies, or as otherwise provided in the applicable Note or required by the applicable laws and regulations for currencies other than the U.S. Dollar) which such holder elects to have
repaid and shall surrender such Note to the relevant Paying Agent. The applicable Registrar or the London Issuing Agent, as the case may be, shall complete, authenticate and deliver to the holder of such Note, without service charge, a new Note or
Notes in an aggregate principal amount equal to and in exchange for the unrepaid portion of the principal of the Note so surrendered and in such denominations as shall be specified by such holder, which shall be at least the minimum authorized
denomination as set forth in such Note. 
 SECTION 18. Notices to Holders. 
 (a) On behalf of and at the request and expense of the Bank, the applicable Registrar or, in the case of the Notes issued by the London Issuing Agent, the
London Issuing Agent shall give or cause to be given all notices required to be given by the Bank in accordance with the terms of the Notes. 
 (b) All notices with respect to Registered Notes shall be mailed by the U.S. Registrar by first-class mail, postage prepaid, to the holders thereof at their addresses appearing in the Note Register. 
 (c) All notices with respect to Bearer Notes shall be given to the London Issuing Agent not later than five Business Days prior to any publication date,
and shall be published by the London Issuing Agent in one leading English language daily newspaper with general circulation in London or, if that is not possible, one other English language newspaper with general circulation in Europe as the Bank
shall decide and, if directed by the Bank in writing, the London Issuing Agent shall, in accordance with such direction, also publish notices in a manner that complies with the rules and regulations of any Stock Exchange on which such Bearer Notes
are then listed, quoted and/or traded. Any such notice shall be deemed to have been given on the date of the first publication. Couponholders shall be deemed for all purposes to have notice of the contents of any notice given to Noteholders in
accordance with this paragraph. 
 (d) Notwithstanding any provision to the contrary contained in this Agreement, and until such time as any
Definitive Bearer Notes are issued, so long as Temporary Bearer Global Notes or Permanent Bearer Global Notes are held in their entirety on behalf of Euroclear and Clearstream, Luxembourg, the London Issuing Agent may substitute for such publication
required by Section 18(c) the delivery of the relevant notice to Euroclear and Clearstream, Luxembourg for communication by them to the beneficial owners of interests in the Temporary Bearer Global Notes and Permanent Bearer Global
Notes; provided, however, that, so long as the rules of any Stock Exchange so require and if so directed in writing by the Bank, such publication will nevertheless be made as described in Section 18(c) in respect of Bearer Notes
listed on such Stock Exchange. Any such notice shall be deemed to have been given to the beneficial owners of interests in the Temporary Bearer Global Notes and Permanent Bearer Global Notes on the seventh day after the day on which said notice was
given to Euroclear and Clearstream, Luxembourg. 
  

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 SECTION 19. Cancellation of Notes, Receipts, Coupons and Talons. 
 (a) All Notes which are purchased by or on behalf of the Bank or any of its affiliates, together (in the case of Definitive Bearer Notes) with all
unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, may, at the election of the Bank, be canceled by the Bank. Where any Notes, Receipts, Coupons or Talons are purchased and canceled as aforesaid, the Bank shall
make sure that all relevant details are promptly given to the applicable Paying Agent and that all Notes, Receipts, Coupons or Talons so canceled are delivered to the applicable Paying Agent. All Notes which are redeemed, all Receipts or Coupons
which are paid and all Talons which are exchanged (which in the case of Bearer Notes, Receipts, Coupons or Talons shall be delivered outside the United States and its possessions) shall be canceled by the Paying Agent by which they are redeemed,
paid or exchanged. Each of the Paying Agents shall give to the applicable Registrar written details of all payments made by it and shall deliver a certificate of destruction for all canceled Notes, Receipts, Coupons and Talons to the applicable
Registrar or to any Paying Agent authorized from time to time in writing by the applicable Registrar to accept delivery of canceled Notes, Receipts, Coupons and Talons. 
 (b) A certificate stating: 
 (A) the aggregate principal amount of Notes which have been
redeemed and the aggregate amount paid in respect thereof; 
 (B) the number of Notes canceled, together (in the case of
Definitive Bearer Notes) with details of all unmatured Receipts, Coupons or Talons (if any) attached thereto or delivered therewith; 
 (C) the aggregate amount paid with respect to interest on the Notes; 
 (D) the total number by maturity date of
Receipts, Coupons and Talons so canceled; and 
 (E) (in the case of Definitive Bearer Notes) the serial numbers of such
Notes, 
 shall be given to the Bank by the applicable Paying Agent as soon as reasonably practicable and in any event within three months after the date of
such repayment or, as the case may be, payment or exchange. 
 (c) Subject to being duly notified in due time, the applicable Paying Agent
shall give a certificate to the Bank, within three months of the date of purchase and cancellation of Notes as aforesaid, stating: 
 (A) the principal amount of Notes so purchased and canceled; 
 (B) the serial numbers of such Notes; and 

 

 29 

 (C) the total number by maturity date of the Receipts, Coupons and Talons (if any)
appertaining thereto and surrendered therewith or attached thereto. 
 (d) The applicable Paying Agent shall destroy (in accordance with its
customary procedures) all canceled Notes, Receipts, Coupons and Talons (unless otherwise previously instructed by the Bank) and, forthwith upon destruction, furnish the Bank with a certificate of the serial numbers of the Notes and the number by
maturity date of Receipts, Coupons and Talons so destroyed. 
 (e) Without prejudice to its obligations pursuant to
Section 19(b), the applicable Paying Agent shall keep a full and complete record of all Notes, Receipts, Coupons and Talons (other than serial numbers of Coupons, except those which have been replaced pursuant to Section 20
hereof) and of all replacement Notes, Receipts, Coupons or Talons issued in substitution for mutilated, defaced, destroyed, lost or stolen Notes, Receipts, Coupons or Talons pursuant to Section 20 hereof. The applicable Paying Agent
shall at all reasonable times make such record available to the Bank and any person authorized by the Bank for inspection and for the taking of copies thereof or extracts therefrom. 
 (f) All records and certificates made or given pursuant to this Section 19 and Section 20 hereof shall make a distinction between
Notes, Receipts, Coupons and Talons of each Series and Tranche, as appropriate. 
 (g) The London Issuing Agent is authorized by the Bank and
instructed to endorse or to arrange for the endorsement of the relevant Temporary or Permanent Bearer Global Note to reflect the reduction in the nominal amount represented by it by the amount so redeemed, repurchased and cancelled. 
 SECTION 20. Issue of Replacement Notes, Receipts, Coupons and Talons. 
 (a) The Bank will cause a sufficient quantity of additional forms of Notes, Receipts, Coupons and Talons to be available, upon request, to the London Issuing Agent (in the case of Bearer Notes, Receipts, Coupons and
Talons) and to the applicable Registrar (in the case of Registered Notes) at their specified office for the purpose of issuing replacement Notes, Receipts, Coupons and Talons as provided below. 
 (b) The London Issuing Agent or the applicable Registrar will, subject to and in accordance with the terms of the Notes and the following provisions of
this Section 20, authenticate and cause to be delivered any replacement Notes, Receipts, Coupons and Talons which the Bank may determine to issue in place of Notes, Receipts, Coupons and Talons which have been lost, stolen, mutilated,
defaced or destroyed. 
 (c) In the case of a mutilated or defaced Definitive Bearer Note, the London Issuing Agent shall ensure that (unless
otherwise covered by such indemnity as the Bank may require) any replacement Note will only have attached to it Receipts, Coupons and Talons corresponding to those (if any) attached to the mutilated or defaced Note which is presented for
replacement. 
  

 30 

 (d) Neither the applicable Registrar nor the London Issuing Agent shall issue any replacement Note,
Receipt, Coupon or Talon unless and until the applicant therefor shall have: 
 (A) paid such costs as may be incurred in
connection therewith, including any tax or other governmental charge that may be imposed in relation thereto; 
 (B) furnished
it with such evidence (including evidence as to the serial number of such Note, Receipt, Coupon or Talon) and indemnity (which may include a bank guarantee) as the Bank and the applicable Registrar or the London Issuing Agent, as the case may be,
may require; and 
 (C) in the case of any mutilated or defaced Note, Receipt, Coupon or Talon, surrendered the same to the
applicable Registrar or the London Issuing Agent, as the case may be. 
 (e) The applicable Registrar or the London Issuing Agent, as the
case may be, shall cancel any mutilated or defaced Notes, Receipts, Coupons and Talons with respect to which replacement Notes, Receipts, Coupons and Talons have been issued pursuant to this Section 20 and shall furnish the Bank with a
certificate stating the serial numbers of the Notes, Receipts, Coupons and Talons so canceled and, unless otherwise instructed by the Bank in writing, shall destroy (in accordance with its customary procedures) such canceled Notes, Receipts, Coupons
and Talons and furnish the Bank with a destruction certificate containing the information specified in Section 19(d) hereof. 
 (f) The applicable Registrar or the London Issuing Agent, as the case may be, on issuing any replacement Note, Receipt, Coupon or Talon, shall forthwith inform the Bank and the Paying Agents of the serial number of such replacement Note,
Receipt, Coupon or Talon issued and (if known) of the serial number of the Note, Receipt, Coupon or Talon in place of which such replacement Note, Receipt, Coupon or Talon has been issued. Whenever replacement Receipts, Coupons or Talons are issued
pursuant to the provisions of this Section 20(f), the London Issuing Agent shall also notify the Paying Agents of the maturity dates of the lost, stolen, mutilated, defaced or destroyed Receipts, Coupons or Talons and of the replacement
Receipts, Coupons or Talons issued. 
 (g) The applicable Registrar or the London Issuing Agent, as the case may be, shall keep a full and
complete record of all replacement Notes, Receipts, Coupons and Talons issued and shall make such record available at all reasonable times to the Bank and any persons authorized by the Bank for inspection and for the taking of copies thereof or
extracts therefrom. 
 (h) Whenever any Definitive Bearer Note, Receipt, Coupon or Talon for which a replacement Note, Receipt, Coupon or
Talon has been issued and with respect to which the serial number is known is presented to any of the Paying Agents for payment, the relevant Paying Agent shall immediately send notice thereof to the Bank, the European Registrar, the London Issuing
Agent and the other paying agents, if any, and shall not make payment in respect thereto, until instructed by the Bank. 
 SECTION 21. Copies of Documents
Available for Inspection. 
 The Paying Agents, the Registrars and the London Issuing Agent shall, for as long as any Note remains
outstanding, hold copies of this Agreement, the Offering Circular (as amended or supplemented from time to time), each Pricing Supplement (except that a Pricing Supplement 

  

 31 

 
relating to unlisted Notes will only be available for inspection by a holder of such a Note upon production of evidence satisfactory to the relevant Paying
Agent as to the identity of such holder), the Bank’s Articles of Association and By-Laws, as amended or restated, and any documents incorporated by reference into the Offering Circular available for inspection during normal business hours. For
this purpose, the Bank shall furnish the Agents with sufficient copies of each of such documents. 
 SECTION 22. Commissions and Expenses. 

The Bank shall pay to the Agents such fees and commissions as the Bank and each of the Agents may separately agree from time to time in writing with
respect to the services of the Agents hereunder together with any properly documented expenses (including legal, printing, postage, tax, cable and advertising expenses) incurred by the Agents without negligence, bad faith, or willful misconduct, in
connection with their said services. Nothing in this Agreement shall obligate the Agents to take any action which would involve any such expenses, unless and until such Agent shall have received payment in respect thereof. At the request of the
Agents, the parties to this Agreement may, from time to time during the continuance of this Agreement, review the commissions agreed initially pursuant to this Section 22 with a view to determining whether the parties can mutually agree
upon any changes to such commissions. 
 SECTION 23. Indemnity. 
 The Bank agrees to indemnify each of the Agents (including their respective directors, officers, attorneys, employees and agents) for, and to hold it harmless against, any loss, liability or expense (including
reasonable attorneys fees and disbursements) incurred without negligence, bad faith or willful misconduct on its part, arising out of or in connection with this Agreement or the Administrative Procedures and/or the performance of such Agent’s
duties hereunder and under the Administrative Procedures, including the properly incurred costs and expenses of defending it against any claim of liability in the premises. An Agent may refuse to perform any duty or exercise any right or power
unless it receives indemnity satisfactory to it against any related loss, liability or expense. These indemnification obligations shall survive the termination of this Agreement, including any termination under U.S. state or federal banking law or
other insolvency law, to the extent enforceable under applicable law, and shall survive the resignation or removal of any Agent while remaining applicable to any action taken or omitted by such Agent while acting pursuant to this Agreement.

 SECTION 24. Repayment by the Paying Agents. 
 (a) The relevant Paying Agent shall, forthwith on written demand, repay to the Bank sums equivalent to any amounts paid by the Bank to such Paying Agent for the payment of principal (and premium, if any) or interest with respect to any
Registered Notes and remaining unclaimed at the end of two years after the principal of such Registered Notes shall have become due and payable (whether at the Stated Maturity Date or otherwise) and monies sufficient therefor shall have been duly
made available for payment, provided that there is not any outstanding, bona fide and proper claim with respect to such amounts. Upon such repayment all liability of such Paying Agent with respect to such funds shall thereupon cease. 
  

 32 

 (b) Bearer Notes, Receipts and Coupons shall become void unless presented for payment within a period of
two years from the date on which the related payment of principal or interest first becomes due (the “Relevant Date”). However, if the full amount of the money payable has not been duly received by the relevant Paying Agent on or
prior to the Relevant Date, then the Relevant Date shall mean the date on which, after the full amount of such money has been so received, notice to that effect is duly given to the noteholders. The relevant Paying Agent shall, forthwith on written
demand, repay to the Bank sums equivalent to any amounts paid by the Bank to such Paying Agent for the payment of principal (and premium, if any) or interest with respect to any such Bearer Note, Receipt or Coupon and remaining unclaimed at the time
such Bearer Note, Receipt or Coupon becomes void and all liability with respect thereto shall thereupon cease. No Coupon sheet issued upon exchange of a Talon shall include a Coupon on which the claim for payment would be void pursuant to this
Section 24(b) or otherwise pursuant to the term of the Note. 
 SECTION 25. Conditions of Appointment. 
 (a) Each Agent shall be entitled to deal with money paid to it by the Bank for the purpose of this Agreement in the same manner as other money paid to a
banker by its customers except: 
 (A) that it shall not exercise any right of set-off, lien or similar claim in respect
thereof; 
 (B) as provided in Section 25(b) below; 
 (C) that it shall not be liable to account to the Bank for any interest thereon except as otherwise agreed in writing between the Bank and
an Agent; and 
 (D) no monies held by any Agent need be segregated from other funds except as may be required by law.

 (b) In acting hereunder and in connection with the Notes, the Agents shall act solely as agents of the Bank and will not thereby assume any
obligations towards or relationship of agency or trust for or with any of the owners or holders of the Notes, Receipts, Coupons or Talons, except that all funds held by the Paying Agents for payment to the Noteholders shall be held for the benefit
of such holders or owners and applied as set forth herein, but need not be segregated from other funds, except as required by law. 
 (c) No
Agent (which for purposes of this Section 25(c) includes its officers and employees) shall be liable to the Bank for any act or omission hereunder except in the case of negligence, bad faith or willful misconduct. The duties and
obligations of the Agents and their respective officers and employees shall be determined by the express provisions of this Agreement, and such Agents, officers or employees shall not be liable except for the negligent performance of such duties and
obligations as are specifically set forth herein and no implied covenants shall be read into this Agreement against them. No Agent or its officers or employees shall be required to ascertain whether any issuance or sale of Notes (or any amendment or
termination of this Agreement) is in compliance with any other agreement to which the Bank is a party (whether or not any of the Agents is also a party to such other agreement). 
  

 33 

 (d) THE AGENTS’ DUTIES ARE MINISTERIAL IN NATURE AND IN NO EVENT SHALL ANY AGENT BE LIABLE, DIRECTLY
OR INDIRECTLY, TO ANY PERSON OR ENTITY FOR ANY (i) LOSS, LIABILITY, DAMAGES OR EXPENSES (OTHER THAN, IN THE CASE OF THE BANK ONLY, THOSE WHICH RESULT DIRECTLY FROM SUCH AGENT’S NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT) OR
(ii) SPECIAL, INCIDENTAL, INDIRECT, PUNITIVE OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS), EVEN IF SUCH AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS LIMITATION OF LIABILITY WILL APPLY REGARDLESS OF
THE FORM OF ACTION, INCLUDING, WITHOUT LIMITATION, FOR BREACH OF THIS CONTRACT OR TORT (INCLUDING NEGLIGENCE). 
 (e) Each Agent shall be
entitled to consult with counsel of its choosing and shall have no liability to the Bank in respect of any action taken or omitted by such Agent in good faith in reliance on an opinion of counsel (including in-house counsel) or an Officer’s
Certificate. 
 (f) Notwithstanding anything to the contrary in this Agreement, no Agent shall be responsible for any misconduct or
negligence on the part of any agent, correspondent, attorney or receiver appointed with due care by it hereunder. 
 (g) Any of the Agents
and any of their officers, directors and employees may become the owner of, or acquire any interest in, any Notes, Receipts, Coupons or Talons with the same rights that it or he would have if such Agent(s) concerned were not appointed hereunder, and
may engage or be interested in any financial or other transaction with the Bank and may act on, or as depositary, trustee or agent for, any committee or body of holders of Notes, Receipts, Coupons or Talons or in connection with any other
obligations of the Bank as surely as if such Agent(s) were not appointed hereunder. 
 SECTION 26. Communication Between the Parties. 
 A copy of all demands, notifications and communications relating to the subject matter of this Agreement between any Noteholders, Receiptholders or
Couponholders and any of the Agents shall be sent to the Bank by the relevant Agent. Upon the receipt by any Agent of a demand or notice from any Noteholder in accordance with this Agreement or the applicable Notes, such Agent shall forward a copy
thereof to the Bank. 
 SECTION 27. Changes in Agents. 
 (a) The Bank agrees that, until no Note is outstanding or until monies for the payment of all amounts with respect to all outstanding Notes have been made available to the Paying Agents (whichever is the later):

 (A) so long as any Notes are listed, quoted and/or traded on any Stock Exchange, there will at all times be such paying,
issuing, listing and other agents having a specified office in each location required by the rules and regulations of the relevant Stock Exchange; and 
  

 34 

 (B) with respect to Bearer Notes, (1) there will at all times be a Paying Agent, a
London Issuing Agent and a Transfer Agent with a specified office in a city in Europe unless, in respect of any Paying Agent, payments are permitted to be made in the United States and the Bank shall have appointed a Paying Agent in the United
States; and (2) in the event that any European Directive on the taxation of savings, or any law implementing or complying with, or introduced in order to conform to, such Directive is introduced, the Bank will use all reasonable efforts to
ensure, to the extent practicable, that it will maintain a paying agent in a Member State of the European Union that will not be obliged to withhold or deduct tax from payment in respect of the Notes pursuant to any such Directive or law
supplementing or complying with such Directive. 
 Any variation, termination, appointment or change shall only take effect (other than in the case of
insolvency, when it shall be of immediate effect) after not less than 30 nor more than 45 days’ prior notice thereof shall have been given to the Noteholders in accordance with Section 18 hereof. 
 (b) Subject to Section 27(d), the Bank may terminate the appointment of any Agent at any time and/or appoint one or more further relevant
Agents by giving to the relevant Agent at least 45 days’ notice in writing to that effect. 
 (c) Subject to Section 27(d),
all or any of the Paying Agents or the European Transfer Agent may resign their respective appointments hereunder at any time by giving the Bank at least 90 days’ written notice to that effect. 
 (d) Any termination under Section 27(b) or resignation under Section 27(c) shall only take effect upon the appointment by the
Bank as hereinafter provided of a successor Agent and (other than in cases of insolvency of such Agent) on the expiration of the notice to be given under Section 29 hereof. The Bank agrees with each Agent that if, by the day falling 10
days before the expiration of any notice under Section 27(c), the Bank has not appointed a replacement agent, then the relevant Agent shall be entitled, on behalf of the Bank, to appoint in its place any reputable financial institution
of good standing as it may reasonably determine to be capable of performing the duties of such Agent hereunder, and the Bank shall not unreasonably object to such appointment. If the relevant Agent is unable to appoint a replacement agent, the
relevant Agent may petition any court of competent jurisdiction for the appointment of a replacement agent. 
 (e) In case at any time any
Agent resigns, or is removed, or becomes incapable of acting, or is adjudged bankrupt or insolvent, or files a voluntary petition for corporate reorganization under any applicable United States federal or state or any foreign bankruptcy, insolvency
or similar law or makes an assignment for the benefit of its creditors, or consents to the appointment of an administrator, liquidator, custodian or other similar official of all or substantially all of its property, or admits in writing its
inability to pay or meet its debts as they mature, or if a receiver, custodian or other similar official of it or of all or substantially all of its property is appointed, or if an order of any court is entered for relief against it under the
provisions of any applicable bankruptcy, insolvency or similar law, or if any public officer takes charge or control of any such Agent or of its property or affairs, for the purpose of rehabilitation, conservation, or liquidation, such Agent
promptly shall notify the Bank and the other Agents in 

  

 35 

 
writing of the occurrence of such event, and a successor Agent may be appointed by the Bank by an instrument in writing filed with the successor Agent. Upon
the appointment as aforesaid of a successor Agent and acceptance by the latter of such appointment and (other than in the case of insolvency of the Agent) upon expiration of the notice to be given under Section 29 hereof, the Agent so
superseded shall cease to be an Agent hereunder. 
 (f) Prior to its resignation or removal becoming effective, the relevant Agent:

 (A) shall, in the case of a Paying Agent, forthwith transfer all monies held by it hereunder, and shall transfer the
records referred to in Sections 11(a), 19(e) and 20(g) hereof, as applicable, to the successor Paying Agent or other Agent hereunder; and 
 (B) shall be entitled to the payment by the Bank of its commissions and fees for the services theretofore rendered hereunder in accordance with the terms of Section 22 hereof. 
 (g) Upon its appointment becoming effective, any new Paying Agent, London Issuing Agent, Registrar or European Transfer Agent shall, without further act,
deed or conveyance, become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of such predecessor with like effect as if originally named as a Paying Agent, London Issuing Agent, Registrar or European Transfer
Agent, respectively, hereunder. 
 (h) The Bank may from time to time, in respect of the Program or in respect of any Series of Notes,
appoint one or more additional paying agents by giving to the Agents at least three days’ notice to that effect. Upon its written acceptance of such appointment, each such additional paying agent shall have the powers and authority granted to
and conferred upon it herein, and such further powers and authority, acceptable to it, to act on behalf of the Bank as the Bank may grant to or confer upon it in writing. 
 SECTION 28. Merger and Consolidation. 
 Any entity into which any Agent may be merged, or any entity
with which any Agent may be consolidated, or any entity resulting from any merger or consolidation to which any Agent shall be a party, or any entity to which any Agent shall sell or otherwise transfer all or substantially all of the assets or
corporate trust business of such Agent shall, on the date when such merger, consolidation or transfer becomes effective and to the extent permitted by any applicable laws, become the successor to such Agent under this Agreement without the execution
or filing of any paper or any further act on the part of the parties hereto, unless otherwise required by the Bank, and after the said effective date all references in this Agreement to such Agent shall be deemed to be references to such entity.
Notice of any such merger, consolidation or transfer shall forthwith be given to the Bank by the relevant Agent. 
 SECTION 29. Notifications.

 Following receipt of notice of resignation from any Agent and forthwith upon appointing a successor or other Agent, as the case may be, or
on giving notice to terminate the appointment of any Agent, the Bank shall give or cause to be given not more than 60 days’ nor less than 30 days’ notice thereof to the Noteholders in accordance with Section 18 hereof.

  

 36 

 SECTION 30. Change of Specified Office. 
 If any Agent determines to change its specified office it shall give to the Bank and the other Agents written notice of such determination giving the
address of the new specified office, which shall be in the same city, and stating the date on which such change is to take effect, which shall not be less than 45 days thereafter. The Bank shall within 15 days of receipt of such notice (unless the
appointment of the relevant Agent is to terminate pursuant to Section 27 hereof on or prior to the date of such change) give or cause to be given not more than 45 days’ nor less than 30 days’ notice thereof to the Noteholders
in accordance with Section 18 hereof. 
 SECTION 31. Notices. 
 Any notice or communication given to any party hereunder shall be sufficiently given or served if sent by facsimile transmission to the relevant number
specified on the signature page hereof and, if so sent, shall be deemed to have been delivered upon transmission, provided such transmission is confirmed when an acknowledgment of receipt is received (in the case of facsimile transmission).

 SECTION 32. Taxes and Stamp Duties. 
 The Bank agrees to pay any and all stamp and other documentary taxes or duties (other than any interest or penalties arising as a result of a failure by any other person to account promptly to the relevant authorities for any such duties or
taxes after such person shall have received from the Bank the full amount payable in respect thereof) which may be payable in connection with the execution, delivery, performance and enforcement of this Agreement. 
 SECTION 33. Currency Indemnity. 
 If, under any
applicable law and whether pursuant to a judgment being made or registered against the Bank or for any other reason, any payment under or in connection with this Agreement is made or is to be satisfied in a currency (the “other
currency”) other than that in which the relevant payment is expressed to be due under this Agreement, the Bank shall arrange to supply the other currency to the relevant Agent, in accordance with the payment timeframes specified in
Section 13(a) of this Agreement. 
 SECTION 34. Amendments. 
 (a) The Bank and the Agents may modify, amend or supplement this Agreement without the consent of any holder of Notes, Talons, Receipts or Coupons; provided, however, that no such amendment or
modification may adversely affect the rights of the holders of a series of outstanding Notes without the prior consent of the holders of a majority in principal amount of outstanding Notes of such series. 
  

 37 

 (b) The Notes, and any Talons, Receipts and Coupons attached to the Definitive Bearer Notes, may be
amended by the Bank without the consent of any holder thereof (upon notice to the parties hereto): 
 (A) to evidence
succession of another party to the Bank, and such party’s assumption of the Bank’s obligations under the Notes, Talons, Receipts or Coupons, upon the occurrence of a merger or consolidation, or a transfer, sale or lease of assets, as
described in Section 34(c); 
 (B) to add additional covenants, restrictions or conditions for the protection of
the holder of the Note, Receipt or Coupon; 
 (C) to relax or eliminate the restrictions on payment of principal and interest
in respect of Bearer Notes, Receipts or Coupons in the United States, provided that such payment is permitted by United States tax laws and regulations then in effect and provided that no adverse tax consequences would result to the holders of the
Bearer Notes, Receipts or Coupons; 
 (D) to cure ambiguities in the Notes, Talons, Receipts or Coupons, or correct defects or
inconsistencies in the provisions thereof; 
 (E) to reflect the replacement of the London Issuing Agent, the U.S. Registrar,
the European Registrar, the U.S. Paying Agent, the London Paying Agent, or the European Transfer Agent or the assumption by the Bank or a substitute Agent of some or all of any such Agent’s responsibilities under this Agreement; 
 (F) to evidence the replacement or change of address of the relevant depositary or clearing system; 
 (G) in the case of any Notes which are extendible, subject to extension at the option of the Bank, amortizing or indexed, or upon
prepayment or redemption of the Notes, to reduce the principal amount of the Note to reflect the payment, prepayment or redemption of a portion of the outstanding principal amount of the Note; 
 (H) in the case of any Notes which are extendible, subject to extension at the option of the Bank, amortizing or indexed, to reflect any
change in the Stated Maturity Date of the Note in accordance with the terms of the Note; 
 (I) to reflect the issuance in
exchange for the Note, in accordance with the terms thereof, of one or more Definitive Notes; or 
 (J) to permit further
issuances of Notes in accordance with the terms of the Distribution Agreement; 
 provided, however, that no such modification or amendment may,
without the consent of the holder of each outstanding Note affected thereby, and, in the case of Subordinated Notes, the OCC or other then applicable primary federal regulator (to the extent such consent is required under applicable law or
regulation): (1) change the Stated Maturity Date, except in the case of Notes which are extendible, subject to extension at the option of the Bank, amortizing or indexed as provided in the Note; (2) extend the time of payment for the
premium (if any) or interest on the Note, except in the case of Notes which are extendible, subject to extension at the option of the Bank, amortizing or indexed as provided in the Note; (3) change the coin or currency in 

  

 38 

 
which the principal of, premium (if any), interest or other amounts payable (if any) on the Note or any Coupons appertaining thereto is payable;
(4) reduce the principal amount of the Note or the interest rate thereon, except in the case of Notes which are extendible, subject to extension at the option of the Bank, amortizing or indexed or upon prepayment or redemption as provided in
the Note; (5) change the method of payment of a Global Note to other than wire transfer in immediately available funds; (6) impair the right of the holder thereof to institute suit for the enforcement of payments of principal of, premium
(if any), or interest or other amounts payable (if any) on the Note; (7) change any Note’s definition of “Event of Default” or otherwise eliminate or impair any remedy available thereunder upon the occurrence of any Event of
Default (as defined in such Note); or (8) modify the provisions therein governing the amendment of that Note. Any instrument given by or on behalf of any holder of a Note in connection with any consent to any such modification, amendment or
waiver shall be irrevocable once given and shall be conclusive and binding on all subsequent holders of such Note. Any modifications, amendments or waivers to this Agreement or the provisions of the Notes, Talons, Receipts and Coupons shall be
conclusive and binding on all holders of Notes, Talons, Receipts and Coupons, whether or not notation of such modifications, amendments or waivers is made upon the Notes, Receipts, Coupons and Talons. It will not be necessary for the consent of the
holders of Notes to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof; provided that the Agents shall have no responsibility for preparing any summary or other
notice of such substance to be provided to holders of Notes in connection with any amendment hereto. 
 (c) The Bank may not consolidate or
merge with or into any other Person, or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless (i) the surviving entity in such consolidation or merger, or the Person that acquires by conveyance
or transfer, or that leases, the properties and assets of the Bank substantially as an entirety, shall be a bank, corporation, limited liability company or partnership organized and validly existing under the laws of the United States, any state
thereof or the District of Columbia, and shall expressly assume the due and punctual payment of the principal of, premium, if any, and interest or other amounts payable (if any) on the Notes, and the performance or observance of every provision of
the Notes on the part of the Bank to be performed or observed; and (ii) immediately after giving effect to such transaction, no Event of Default with respect to the Bank as set forth in such Note, and no event which, after notice or the lapse
of time or both, would become an Event of Default with respect to the Bank, shall have happened and be continuing. 
 (d) The Bank shall not
modify the terms of subordination of any Subordinated Note, nor amend the original Stated Maturity Date of any Subordinated Note issued hereunder, without first obtaining the written consent to such modification or amendment from the OCC and any
applicable state regulator, to the extent required by applicable law or regulation. 
 SECTION 35. References to Additional Amounts. 
 All references in this Agreement to principal, premium and interest in respect of any Note shall, unless the context otherwise requires, be deemed to mean
and include all Additional Amounts, if any, payable in respect thereof as set forth in such Note. 
  

 39 

 SECTION 36. Descriptive Headings. 
 The descriptive headings in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof. 
 SECTION 37. Governing Law. 
 This Agreement, the Notes, and any Receipts, Coupons or Talons
appertaining thereto shall be governed by, and shall be construed in accordance with, the laws of the State of New York, United States of America and all applicable United States federal laws and regulations. 
 SECTION 38. Counterparts. 
 This Agreement may be
executed by any one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 
 SECTION 39. USA Patriot Act. 
 The parties hereto
acknowledge that, in accordance with Section 326 of the USA Patriot Act, the Agents, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify and record information
that identifies each person or legal entity that establishes a relationship or opens an account with the Agents. The parties hereto agree that they will provide the Agents with such information about such parties as the Agents may request in order
for the Agents to satisfy the requirements of the USA Patriot Act. 
  

 40 

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

									
	The Bank	 		 	
			
	 BANK OF AMERICA, N.A.
	 		 	Bank of America, N.A.
		 	 /s/ B. KENNETH BURTON, JR.
	 		 	Bank of America Corporate Center
	By:	 	 		 	100 North Tryon Street
		 	 Name: B. Kenneth Burton, Jr.
	 		 	NC1-007-07-06
		 	 Title: Senior Vice President
	 		 	Corporate Treasury Division
		 		 		 	Charlotte, North Carolina 28255
		 		 		 	Telephone: (704) 387-3776
		 		 		 	Facsimile: (704) 386-0270
		 		 		 	Attention: B. Kenneth Burton, Jr.
				
		 		 		 	Together with a copy to:
				
		 		 		 	Bank of America Corporation
		 		 		 	 Legal Department
 NC1-002-29-01
 101 South Tryon Street
 Charlotte, North Carolina 28255
 Telephone: (704) 386-4238
 Facsimile: (704) 387-0108
 Attention: Teresa M. Brenner, Esq.

				
		 		 		 	and
				
		 		 		 	Helms, Mulliss & Wicker, PLLC
		 		 		 	 201 North Tryon Street
 Charlotte, North
Carolina 28202
 Telephone: (704) 343-2030
 Facsimile: (704)
343-2300
 Attention: Boyd C. Campbell, Jr., Esq.

			
	The U.S. Registrar and U.S. Paying Agent	 		 	
			
	 DEUTSCHE BANK TRUST COMPANY
	 		 	DEUTSCHE BANK TRUST COMPANY
	AMERICAS	 		 	 AMERICAS
 c/o Deutsche Bank National Trust
Company

	By:	 	Deutsche Bank National Trust Company	 		 	Global Transaction Banking
	 		 		 	Trust & Securities Services
	By:	 	 /s/ DAVID CONTINO
	 		 	25 DeForest Avenue
		 	 Name: David Contino
	 		 	MS: 01-0105
		 	 Title: Assistant Vice President
	 		 	Summit, New Jersey 07901
		 	  
 /s/ IRINA GOLOVASHCHUK
	 		 	Telephone: (908) 608-3191
	By:	 	 		 	Facsimile: (732) 578-4635
		 	 Name: Irina Golovashchuk
	 		 		 	
		 	 Title: Assistant Vice President
	 		 		 	

  

 41 

									
	The London Paying Agent and London
Issuing Agent	 		 	
			
	DEUTSCHE BANK AG, LONDON BRANCH	 		 	DEUTSCHE BANK AG, LONDON
		 	/s/ ANGELINE GARVEY	 		 	BRANCH
	By:	 	 		 	Winchester House
		 	Name: Angeline Garvey	 		 	1 Great Winchester Street
		 	Title: Director	 		 	London EC2N 2DB
		 		 		 	 Attention:       Trust and Securities Services

	By:	 	 /s/ ANNA HOGG
	 		 	 Telephone:     +44 (0) 20 7545 8000

		 	 Name: Anna Hogg
	 		 	 Facsimile:      +44 (0) 20 7547 5782

		 	 Title: Vice President
	 		 	
			
	The European Registrar and European Transfer
Agent	 		 	
			
	DEUTSCHE BANK AG, LONDON BRANCH	 		 	DEUTSCHE BANK LUXEMBOURG S.A.
		 	/s/ ANGELINE GARVEY	 		 	2 Boulevard Konrad-Adenauer
	By:	 	 		 	L-1115 Luxembourg
		 	Name: Angeline Garvey	 		 	Attention:        Coupon Paying Department
		 	Title: Director	 		 	Telephone:      +352 421 221
		 		 		 	Facsimile:       +352 473 136
	By:	 	 /s/ ANNA HOGG
	 		 	
		 	 Name: Anna Hogg
	 		 	
		 	 Title: Vice President
	 		 	

  

 42Agency Agreement dated September 7, 2007

 Exhibit 4(ggg) 
 AGENCY AGREEMENT 
 relating to 
 B OF A ISSUANCE B.V. 
 U.S. $6,000,000,000 
 Structured Securities Program  
 among 
 B OF A ISSUANCE B.V. 
 as Issuer 
 and

 BANK OF AMERICA CORPORATION 
 as Guarantor 
 and  
 THE BANK OF NEW YORK 
 as Principal Agent 
 and 
 THE BANK OF NEW YORK,
FRANKFURT 
 as German Paying Agent 
 and 
 THE BANK OF NEW YORK (LUXEMBOURG) S.A. 
 as Paying Agent and Luxembourg Listing Agent 
 DATED AS OF SEPTEMBER 7, 2007 

 INDEX 
  

					
	 Clause
	 	 	  	Page
	1.	 	Definitions and Interpretation	  	1
	2.	 	Appointments of Principal Agent, Paying Agents, Luxembourg Listing Agent, Delivery Agent and Calculation Agent, German Paying Agent	  	5
	3.	 	Issue of Temporary Global Notes, Temporary Global Certificates and Global Warrants	  	7
	4.	 	Determination of Exchange Date, Issue of Permanent Global Notes, Permanent Global Certificates or Definitive Securities and Determination of Restricted Period	  	8
	5.	 	Issue of Definitive Securities	  	11
	6.	 	Terms of Issue	  	11
	7.	 	Payments and Deliveries	  	12
	8.	 	Determinations and Notifications in Respect of Securities	  	14
	9.	 	Notice of Any Withholding or Deduction	  	15
	10.	 	Optional Early Redemption, Put Notices, Certificate Settlement Notices, Asset Transfer Notices and Exercise Notices	  	15
	11.	 	Receipt and Publication of Notices; Receipt of Certificates	  	18
	12.	 	Cancellation of Securities, Receipts, Coupons and Talons	  	18
	13.	 	Issue of Replacement Securities, Receipts, Coupons and Talons	  	19
	14.	 	Copies of Documents Available for Inspection	  	20
	15.	 	Repayment by the Agent	  	20
	16.	 	Conditions of Appointment	  	20
	17.	 	Communication Between the Parties	  	21
	18.	 	Changes in Agent and Paying Agents	  	21
	19.	 	Merger and Consolidation	  	23
	20.	 	Notification of Changes to Paying Agents	  	23
	21.	 	Change of Specified Office	  	23
	22.	 	Notices	  	24
	23.	 	Taxes and Stamp Duties	  	25
	24.	 	Commissions, Fees and Expenses	  	25
	25.	 	Indemnity	  	25
	26.	 	Reporting	  	26
	27.	 	Governing Law	  	26
	28.	 	Amendments	  	27
	29.	 	Descriptive Headings	  	27
	30.	 	Counterparts	  	27

  

					
	Schedule 1	  	-	  	Form of German Temporary Global Note/Certificate (including convenience translation)
	Schedule 2	  	-	  	Form of German Permanent Global Note/Certificate (including convenience translation)
	Schedule 3	  	-	  	Form of Temporary Global Note/Certificate
	Schedule 4	  	-	  	Form of Permanent Global Note/Certificate
	Schedule 5	  	-	  	Form of Put Notice
	Schedule 6	  	-	  	Form of Asset Transfer Notice
	Schedule 7	  	-	  	Form of Exercise Notice
	Schedule 8	  	-	  	Form of Certificate Settlement Notice
	Schedule 9	  	-	  	Form of Definitive Note/Certificate (English version)
	Schedule 10	  	-	  	Form of Coupon (English version)
	Schedule 11	  	-	  	Form of Receipt (English version)
	Schedule 12	  	-	  	Form of Talon (English version)

  

 i 

 THIS AGENCY AGREEMENT (this “Agreement”) dated as of September 7, 2007 is made by and among: 

 

	 	(i)	B of A Issuance B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands with its
corporate seat in Amsterdam, The Netherlands (the “Issuer”); 

  

	 	(ii)	Bank of America Corporation, a Delaware corporation (the “Guarantor,” and together with the Issuer, the “Offerors”); 

  

	 	(iii)	The Bank of New York, a national banking association organized under the laws of the United States (the “Agent” and the “Principal Agent”);

  

	 	(iv)	The Bank of New York acting through its office at Frankfurt am Main, Niedenau 61–63, 60325 Frankfurt am Main, Germany (the “German Paying Agent”); and

  

	 	(v)	The Bank of New York (Luxembourg) S.A., a société anonyme organized under the laws of Luxembourg (the “Paying Agent” and the “Luxembourg Listing
Agent”). 

 WHEREAS, the Issuer proposes to issue Notes, Certificates and Warrants (the “Securities”), in an
amount up to U.S. $6,000,000,000 (or its equivalent in other currencies) outstanding at any one time (calculated in accordance with the provisions of Clause 8(7) hereto), as provided in a Program Agreement of even date (as amended and supplemented
from time to time, the “Program Agreement”) by and among the Issuer, the Guarantor and Banc of America Securities Limited (the “Arranger”) and as described in a Base Prospectus (as defined in the Program Agreement); 

WHEREAS, the Securities will be guaranteed by the Guarantor as provided in the guarantee agreement (the “Guarantee”) in favor of holders of
the Securities executed by the Guarantor of even date; 
 WHEREAS, the Securities will be issued in the denominations and amounts specified
in the applicable Final Terms (as defined in the Program Agreement); and 
 WHEREAS, unless otherwise determined by the Issuer and specified
in the applicable Terms and Conditions, beneficial interests in each Tranche of Notes and Certificates initially will be represented by a Temporary Global Security, exchangeable, as provided in such Temporary Global Security, for beneficial
interests in a Permanent Global Security, beneficial interests in each Tranche of Warrants initially will be represented by a Permanent Global Security, and beneficial interests in a Global Security may be exchangeable for Definitive Securities, in
each case, as further described herein and in accordance with the Terms and Conditions of the Global Securities. 
 NOW, THEREFORE, it is
agreed as follows: 
  

	 	1.	Definitions and Interpretation 

 (1) Terms and
expressions defined in the Program Agreement or the Securities or used in the applicable Terms and Conditions shall have the same meanings in this Agreement, except where the context requires otherwise. 
 (2) Without prejudice to the foregoing in this Agreement: 
 “Affiliate” means, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly
under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the person; 
 “Agent” means the Principal Agent or any other agent as the context may require; 
  

 1 

 “Calculation Agency Agreement” means the Calculation Agency Agreement dated on or about the
date hereof in relation to the Program among the Issuer, the Guarantor and one or more agents named therein, as Calculation Agent (each, a “Calculation Agent”); 
 “Certificate” means any certificate issued or to be issued by the Issuer pursuant to this Agreement and includes the Global Certificates, as well as any applicable Definitive Certificates and Coupons;

 “CGN” and “Classic Global Note” mean a Temporary Global Note or a Permanent Global Note (other than a German Global
Note), in either case where the applicable Final Terms specify the Notes as being in CGN form; 
 “Clearstream, Frankfurt” means
Clearstream Banking AG, Frankfurt; 
 “Coupons” means the interest coupons substantially in the form set out in Schedule 10 hereto
and translated into German in case the binding language of the Terms and Conditions is German provided that tax legends shall be in English to the extent required by U.S. tax laws (or in such other form as may be agreed between the Issuer, the
Guarantor, the Agent and the relevant Dealer) which are or will be attached to an interest-bearing Definitive Security, if issued, on issue; 
 “Definitive Certificate” means a Certificate in definitive form issued or to be issued under certain circumstances pursuant hereto substantially in the form set out in Schedule 9 hereto and translated into German in case the
binding language of the Terms and Conditions is German provided that tax legends shall be in English to the extent required by U.S. tax laws (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant
Dealer); 
 “Definitive Note” means a Note in definitive form issued or to be issued under certain circumstances pursuant hereto
substantially in the form set out in Schedule 9 hereto and translated into German in case the binding language of the Terms and Conditions is German provided that tax legends shall be in English to the extent required by U.S. tax laws (or in such
other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer); 
 “Definitive Security” means a
Definitive Certificate, Definitive Note or Definitive Warrant; 
 “Definitive Warrant” means a Warrant in definitive form in such
form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer issued or to be issued under certain circumstances pursuant hereto; 
 “Delivery Agency Agreement” means the Delivery Agency Agreement dated on or about the date hereof in relation to the Program among the Issuer, the Guarantor and one or more agents named therein as Delivery
Agent (each, a “Delivery Agent”); 
 “Eurosystem-eligible NGN” means a NGN which is intended to be held in a manner which
would allow Eurosystem eligibility, as stated in the applicable Final Terms; 
 “German Global Certificate” means a German
Permanent Global Certificate or a German Temporary Global Certificate; 
 “German Global Note” means a German Permanent Global Note
or a German Temporary Global Note; 
 “German Global Securities” means a German Temporary Global Security or a German Permanent
Global Security; 
  

 2 

 “German Global Warrant” means a global warrant in such form as may be agreed between the
Issuer, the Guarantor, the Agent and the relevant Dealer; 
 “German Permanent Global Certificate” means a permanent global
certificate substantially in the form set out in Schedule 2 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) issued or to be issued (if indicated in the applicable Final Terms) by
the Issuer pursuant to this Agreement in exchange for the German Temporary Global Certificate issued in respect of Certificates of the same series; 
 “German Permanent Global Note” means a permanent global note substantially in the form set out in Schedule 2 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer)
issued or to be issued (if indicated in the applicable final terms) by the Issuer pursuant to this Agency Agreement in exchange for the German Temporary Global Note issued in respect of Notes of the same series; 
 “German Permanent Global Security” means a German Permanent Global Note, a German Permanent Global Certificate or a German Global Warrant;

 “German Temporary Global Certificate” means a temporary global certificate substantially in the form set out in Schedule 1
hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer); 
 “German
Temporary Global Note” means a temporary global note substantially in the form set out in Schedule 1 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer); 
 “German Temporary Global Security” means a German Temporary Global Note or a German Temporary Global Certificate; 
 “Global Certificate” means a Temporary Global Certificate or a Permanent Global Certificate; 
 “Global Note” means a Temporary Global Note or a Permanent Global Note; 
 “Global Security” means a Temporary Global Security or a Permanent Global Security; 
 “Global Warrant” means a global warrant in such form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer
issued or to be issued by the Issuer pursuant to this Agreement or a German Global Warrant; 
 “Instruments” means, collectively,
the Certificates and the Warrants; 
 “London Business Day” means a day (other than a Saturday or a Sunday) on which commercial
banks and foreign exchange markets settle payments in London; 
 “NGN” and “New Global Note” mean a Temporary Global Note
or a Permanent Global Note (other than a German Global Note), in either case where the applicable Final Terms specify the Notes as being in NGN form; 
 “Note” means any note issued or to be issued by the Issuer pursuant to this Agreement and includes the Global Notes, as well as any applicable Definitive Notes and Coupons; 
 “outstanding” means, in relation to the Securities, all the Securities issued other than (a) those which have been redeemed in accordance
with the applicable Terms and Conditions, (b) those in respect of which the redemption date in accordance with the Terms and Conditions has occurred and the redemption consideration (including any interest accrued on such Securities (if the
Securities are Notes or Certificates) to the date for such 

  

 3 

 
redemption and any interest or other amounts payable or deliverable under the Terms and Conditions after such date) have been duly paid to the Principal
Agent as provided in this Agreement or delivered pursuant to the Delivery Agency Agreement and remain available for payment or delivery against presentation and surrender of Securities and/or Receipts and/or Coupons, as the case may be,
(c) those which have become void, (d) those which have been purchased and canceled, (e) those mutilated or defaced Securities which have been surrendered in exchange for replacement Securities, (f) (for purposes only of
determining how many Securities are outstanding and without prejudice to their status for any other purpose) those Securities alleged to have been lost, stolen or destroyed and in respect of which replacement Securities have been issued, and
(g) any Temporary Global Security to the extent that it shall have been exchanged for a Permanent Global Security, in each case pursuant to their respective provisions; provided that for the purposes of (i) ascertaining the right to attend
and vote at any meeting of the Holders and (ii) the determination of how many Securities are outstanding, those Securities which are beneficially held by, or are held on behalf of, the Issuer or any of its Affiliates shall (unless and until
ceasing to be so held) be deemed not to remain outstanding; 
 “Paying Agents” means the Principal Agent and the Paying Agents
referred to above and such other paying Agent or Agents as may be appointed from time to time hereunder; 
 “Permanent Global
Certificate” means a permanent global certificate substantially in the form set out in Schedule 4 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) issued or to be issued (if
indicated in the applicable Final Terms) by the Issuer pursuant to this Agreement in exchange for the Temporary Global Certificate issued in respect of Certificates of the same Series or a German Permanent Global Certificate, as applicable;

 “Permanent Global Note” means a permanent global note substantially in the form set out in Schedule 4 hereto (or in such other
form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) issued or to be issued (if indicated in the applicable Final Terms) by the Issuer pursuant to this Agreement in exchange for the Temporary Global Note issued
in respect of Notes of the same Series or a German Permanent Global Note, as applicable; 
 “Permanent Global Security” means a
Permanent Global Note, a Permanent Global Certificate, or a Global Warrant; 
 “Receipt” means the installment payment certificate
substantially in the form set out in Schedule 11 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) (as may be translated into German) provided that tax legends shall be in English to
the extent required by U.S. tax laws which may be attached to a Definitive Security providing for payment of installments, if issued, on issue; 
 “Restricted Period” shall be determined as set forth in Clause 4(2), unless otherwise indicated; 
 “Talon”
means the renewal certificate for interest coupons substantially in the form set out in Schedule 12 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) (as may be translated into
German) provided that tax legends shall be in English to the extent required by U.S. tax laws which are or will be attached to an interest-bearing Definitive Security, if issued, on issue; 
 “Temporary Global Certificate” means a temporary global certificate substantially in the form set out in Schedule 3 hereto (or in such other
form as may be agreed between the Issuer, the Guarantor, the Agent and the relevant Dealer) or a German Temporary Global Certificate, as applicable; 
 “Temporary Global Note” means a temporary global note substantially in the form set out in Schedule 3 hereto (or in such other form as may be agreed between the Issuer, the Guarantor, the Agent and the
relevant Dealer) or a German Temporary Global Note, as applicable; 
 “Temporary Global Security” means a Temporary Global Note or
a Temporary Global Certificate; 
  

 4 

 “Terms and Conditions” shall be the respective consolidated Terms and Conditions of the Notes
or Instruments contained in the respective Final Terms; 
 “U.S. person” shall, unless otherwise indicated, have the meaning set
forth in Regulation S under the U.S. Securities Act of 1933, as amended; and 
 “Warrant” means any warrant issued or to be issued
by the Issuer pursuant to this Agreement and includes the Global Warrants, as well as any applicable Definitive Warrants. 
 (3) The term
“Securities” as used in this Agreement shall include the Temporary Global Securities and the Permanent Global Securities, Definitive Securities and Coupons, as applicable. The term “Global Security” as used in this Agreement
shall include both the Temporary Global Security and the Permanent Global Security, as applicable, each of which is a “Global Security.” The term “Holders” as used in this Agreement shall include the “Noteholders”,
“Certificateholders” and “Warrantholders” each as defined in the Terms and Conditions. 
 (4) For purposes of this
Agreement, the Securities of each Series shall form a separate series of Securities and the provisions of this Agreement shall apply mutatis mutandis separately and independently to the Securities of each Series and in such provisions the
expressions “Securities,” “Holders,” “Receipts,” “Receiptholders”, “Coupons”, “Couponholders”, “Talons” and “Talonholders” shall be construed accordingly. 
 (5) All references in this Agreement to principal, interest or to any moneys payable or amounts deliverable by the Issuer in respect of the Securities
under this Agreement shall have the meaning set out in the respective Terms and Conditions, as applicable. 
 (6) All references in this
Agreement to the “relevant currency” shall be construed as references to the currency in which the relevant Securities and/or Coupons are denominated (or payable in the case of Certificates and Warrants payable in cash and Dual Currency
Notes). 
 (7) In this Agreement, Clause headings are inserted for convenience and ease of reference only and shall not affect the
interpretation of this Agreement. All references in this Agreement to the provisions of any statute shall be deemed to be references to that statute as from time to time modified, extended, amended or re-enacted or to any statutory instrument, order
or regulation made thereunder or under such re-enactment. 
 (8) All references in this Agreement to an agreement, instrument or other
document (including, without limitation, this Agreement, the Program Agreement, the Securities, the Guarantee, the Delivery Agency Agreement, the Calculation Agency Agreement and any Terms and Conditions appertaining thereto) shall be construed as a
reference to that agreement, instrument or document as the same may be amended, modified, varied or supplemented from time to time. 
 (9)
Any references herein to Euroclear or Clearstream, Luxembourg or Clearstream, Frankfurt shall be deemed to include, whenever the context permits, a reference to any additional or alternative clearance system approved by the Issuer, the Guarantor and
the Agent. References to the “records” of Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt shall be to the records that each of such entities holds for its customers, which reflect the amount of such customer’s interest
in the Securities. 
  

	 	2.	Appointments of Principal Agent, Paying Agents, Luxembourg Listing Agent, Delivery Agent and Calculation Agent, German Paying Agent 

 (1) The Offerors hereby appoint The Bank of New York as principal agent, and The Bank of New York hereby acknowledges its acceptance of such appointment
as principal agent of the Issuer, upon the terms and subject to the conditions set out below, for the purposes of: 
 (a)
completing, authenticating and delivering Global Securities and (if required) authenticating and delivering Definitive Securities; 
  

 5 

 (b) giving effectuation instructions in respect of each Global Note which is an
Eurosystem-eligible NGN; 
 (c) exchanging Temporary Global Notes for Permanent Global Notes or Definitive Notes, as the case
may be, and exchanging Temporary Global Certificates for Permanent Global Certificates or Definitive Certificates, as the case may be, any such exchange to be made in accordance with the terms of such Temporary Global Note or Temporary Global
Certificate and, in respect of such exchange, (i) making all notations on Global Notes which are CGNs or Global Certificates (other than German Global Securities), as required by their terms and (ii) instructing Euroclear and Clearstream,
Luxembourg or Clearstream, Frankfurt, as applicable, to make appropriate entries in their records in respect of all Global Notes which are NGNs or German Global Securities; 
 (d) under certain circumstances, exchanging Permanent Global Securities for Definitive Securities in accordance with the terms of such
Permanent Global Securities and, in respect of such exchange, (i) making all notations on Permanent Global Securities which are CGNs or Instruments (other than German Global Securities), as required by their terms and (ii) instructing
Euroclear and Clearstream, Luxembourg to make appropriate entries in their records in respect of all Permanent Global Notes which are NGNs or German Global Securities; 
 (e) paying sums due on Global Securities and Definitive Securities, Receipts and Coupons and instructing Euroclear and Clearstream,
Luxembourg or Clearstream, Frankfurt, as applicable, to make appropriate entries in their records in respect of all Global Notes which are NGNs or German Global Securities (as provided in this Agreement); 
 (f) determining the end of the Restricted Period applicable to each Tranche; 
 (g) arranging on behalf of the Offerors for notices to be communicated to the Holders; 
 (h) preparing and sending any required periodic reports to the Ministry of Finance of Japan (the “MoF”), or any other
appropriate regulatory authority and, subject to confirmation from the Issuer and/or the Guarantor for the need for such further reporting, ensuring that all necessary action is taken to comply with any reporting requirements of any competent
authority of any relevant currency as may be in force from time to time with respect to the Securities to be issued under the Program; 
 (i) subject to the Procedures Memorandum, submitting to the appropriate stock exchange such number of copies of each Final Terms which relate to Securities which are to be listed on that stock exchange as it may
reasonably require; 
 (j) receiving notice from Euroclear or Clearstream, Luxembourg or Clearstream, Frankfurt, as
applicable, relating to the certifications of non-United States beneficial ownership of the Securities; and 
 (k) performing
all other obligations and duties imposed upon it by the applicable Terms and Conditions, this Agreement or as may be agreed in writing between the Offerors and the Agent in connection with a particular Series or Tranche of Securities. 
 (2) The Offerors, in their discretion, may appoint (or remove) one or more agents outside the United States and its possessions (each, a “Paying
Agent”) for the payment (subject to applicable laws and regulations) of the principal of, any interest, other amounts payable and Additional Amounts, if any, on the Notes, Certificates and Warrants. Upon its written acceptance of such
appointment or execution of a copy of this Agreement, each Paying Agent shall have the powers and authority granted to and conferred upon it herein and in the Securities, and such further powers and authority, acceptable to it, to act on behalf of
the Offerors as the Offerors hereafter may grant to or confer upon it in writing. As used herein, “paying agencies” shall mean paying agencies maintained by a Paying Agent on behalf of the Offerors as provided elsewhere herein. 

 

 6 

 (a) The Offerors hereby appoint The Bank of New York (Luxembourg) S.A., at its office in
Luxembourg at Aerogolf Center, 1A, Hoehenhof, L-1736 Senningerberg, Luxembourg, as Paying Agent in Luxembourg. The Bank of New York (Luxembourg) S.A. is also hereby appointed as Luxembourg Listing Agent for purposes of the Securities. The Bank of
New York (Luxembourg) S.A. hereby acknowledges its acceptance of such appointment as Luxembourg Paying Agent and Luxembourg Listing Agent subject to the terms and conditions set out in this Agreement. 
 (b) The Offerors hereby appoint The Bank of New York, Frankfurt Branch as German Paying Agent in relation to Securities which are issued
through Clearstream, Frankfurt, and The Bank of New York, Frankfurt Branch hereby acknowledges its acceptance of such appointment as German Paying Agent of the Offerors upon the terms and subject to the conditions set out in this Agreement.

 (3) The Offerors will appoint one or more agents to make certain calculations with respect to the Securities (the “Calculation
Agent”) pursuant to the Terms and Conditions, substantially in the form of the Calculation Agency Agreement. 
 (4) The Offerors will
appoint one or more agents to deliver relevant Physical Delivery Amount(s) with respect to Physical Delivery Securities (the “Delivery Agent”) pursuant to the Terms and Conditions, substantially in the form of the Delivery Agency
Agreement. 
 (5) In relation to each issue of Eurosystem-eligible NGNs, the Issuer hereby authorizes and instructs the Agent to elect, as
directed by the Issuer, Euroclear or Clearstream, Luxembourg as common safekeeper. From time to time, the Offerors and the Agent may agree to vary this election. Each Offeror acknowledges that any such election is subject to the right of Euroclear
and Clearstream, Luxembourg to jointly determine that the other shall act as common safekeeper in relation to any such issue and agrees that no liability shall attach to the Agent in respect of any such election made by it. 
 (6) The obligations of the Paying Agents under this Agreement shall be several and not joint. 
  

	 	3.	Issue of Temporary Global Notes, Temporary Global Certificates and Global Warrants 

 (1) Subject to sub-clause (2), following receipt of a notification from the Issuer in respect of an issue of Securities (such notification being by receipt of a confirmation (a “Confirmation”), substantially
in the applicable form set out in the Procedures Memorandum), the Agent will take the steps required of the Agent in the Procedures Memorandum. For this purpose the Agent is hereby authorized on behalf of the Issuer: 
 (a) to prepare a Temporary Global Security in accordance with such Confirmation by attaching a copy of the applicable consolidated Terms
and Conditions to a copy of the relevant master Temporary Global Security; 
 (b) to prepare a Global Warrant in accordance
with such Confirmation by attaching a copy of the applicable consolidated Terms and Conditions to a copy of the relevant master Global Warrant; 
 (c) to authenticate (or cause to be authenticated) such Temporary Global Security or Global Warrant; 
 (d) to deliver the Temporary Global Security or Global Warrant, as applicable, to the specified common depositary (in the case of a Temporary Global Note which is a CGN, a Global Certificate or a Global Warrant) or specified common
safekeeper (if the Temporary Global 

  

 7 

 
Note is a NGN) for Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt (in the case of a German Temporary Global Security or a German Global
Warrant and (i) in the case of an issue of a Temporary Global Note which is a CGN, a Global Certificate or a Global Warrant, to instruct Euroclear or Clearstream, Luxembourg or Clearstream, Frankfurt, as the case may be, unless otherwise agreed
in writing between the Agent and the Issuer, (A) in the case of an issue of Securities on a non-syndicated basis, to credit the applicable Securities represented by such Global Security, to the Agent’s distribution account, and (B) in
the case of an issue of Securities on a syndicated basis, to hold such Securities pursuant to the Issuer’s order, and (ii) in the case of a Temporary Global Note which is a Eurosystem-eligible NGN, to instruct the common safekeeper to
effectuate the same; 
 (e) to ensure that the Securities of each Tranche are assigned a common code (“Common Code”)
and International Security Identification Number (“ISIN”) by Euroclear, Clearstream, Luxembourg or Clearstream, Frankfurt, respectively, which in the case of Notes or Certificates, are different from the Common Code and ISIN assigned to
any other Tranche of the same Series until 40 calendar days after the completion of the distribution of the Notes or Certificates, as applicable, of such Tranche as notified by the Agent to the relevant Dealer; and 
 (f) if the Temporary Global Note is a NGN or a German Global Security, instruct Euroclear and Clearstream, Luxembourg or Clearstream,
Frankfurt, as applicable, to make the appropriate entries in their records to reflect the initial outstanding aggregate principal amount of the relevant Tranche of Notes. 
 (2) The Agent shall only be required to perform its obligations under sub-clause (1) if it holds: 
 (a) master Temporary Global Securities duly executed by a person or persons authorized to execute the same on behalf of the Issuer, which may be used by the Agent for the purpose of preparing Temporary Global
Securities in accordance with Clause 3(1)(a); and 
 (b) master Permanent Global Notes or master Permanent Global Certificates
or master Global Warrants, duly executed by a person or persons authorized to execute the same on behalf of the Issuer, which may be used by the Agent for the purpose of preparing Permanent Global Notes and Permanent Global Certificates and Global
Warrants in accordance with Clause 4 below. 
 (3) The Agent will provide Euroclear and/or Clearstream, Luxembourg or Clearstream, Frankfurt,
as applicable, with the notifications, instructions or other information to be given by the Agent to Euroclear and/or Clearstream, Luxembourg or Clearstream, Frankfurt, as applicable, in accordance with the standard procedures of Euroclear and/or
Clearstream, Luxembourg or Clearstream, Frankfurt. 
  

	 	4.	Determination of Exchange Date, Issue of Permanent Global Notes, Permanent Global Certificates or Definitive Securities and Determination of Restricted Period

 (1)(a) The Agent shall determine the Exchange Date for each Temporary Global Note or Temporary Global Certificate, as
applicable, or portion thereof, in accordance with the terms thereof. Forthwith upon determining the Exchange Date in respect of any Tranche, the Agent shall notify such determination to the Issuer, the relevant Dealer, Euroclear, Clearstream,
Luxembourg and Clearstream Frankfurt, respectively. 
 (b) The Agent shall deliver, upon notice from Euroclear or Clearstream,
Luxembourg or Clearstream, Frankfurt, a Permanent Global Note or Permanent Global Certificate or Definitive Notes or Definitive Certificates, as the case may be, in accordance with the terms of the Temporary Global Note or Temporary Global
Certificate, as applicable, in each case against certification of non-U.S. beneficial ownership as required by U.S. Treasury Regulations unless such certification has already been given. Upon any such exchange of a portion of a Temporary 

  

 8 

 
Global Note or Temporary Global Certificate for an interest in a Permanent Global Note or Permanent Global Certificate, as the case may be, the Agent is
hereby authorized on behalf of the Issuer: 
 (i) for the first Tranche of any Series of Notes or Certificates, to prepare
and complete a Permanent Global Note or Permanent Global Certificate, as applicable, in accordance with the terms of the Temporary Global Notes or Temporary Global Certificates applicable to such Tranche by attaching a copy of the applicable Terms
and Conditions to a copy of the relevant master Permanent Global Note or Permanent Global Certificate, as applicable; 
 (ii)
for the first Tranche of any Series of Notes or Certificates to authenticate such Permanent Global Note or Permanent Global Certificate, as applicable; 
 (iii) for the first Tranche of any Series of Notes, where the Permanent Global Note is a CGN, or Series of Certificates (other than German Permanent Global Securities), to deliver such Permanent Global Note or
Permanent Global Certificate, as applicable, to the common depositary which is holding the Temporary Global Note or Temporary Global Certificate applicable to such Tranche for the time being on behalf of Euroclear and/or Clearstream, Luxembourg
either in exchange for such Temporary Global Note or Temporary Global Certificate, as applicable, or, in the case of a partial exchange, on entering details of such partial exchange of the Temporary Global Note or Temporary Global Certificate in the
relevant spaces of both the Temporary Global Note and the Permanent Global Note or the Temporary Global Certificate and the Permanent Global Certificate, as applicable, and in either case against receipt from the common depositary of confirmation
that such common depositary is holding the Permanent Global Note or Permanent Global Certificate, as applicable, in safe custody for the account of Euroclear and/or Clearstream, Luxembourg; 
 (iv) for the first Tranche of any Series of Notes where the Permanent Global Note is a NGN, to deliver such Permanent Global Note to the
common safekeeper which is holding the Temporary Global Note representing the Tranche for the time being on behalf of Euroclear and/or Clearstream, Luxembourg to effectuate (in the case of a Permanent Global Note which is a Eurosystem-eligible NGN)
and to hold on behalf of the Issuer pending its exchange for the Temporary Global Note; 
 (v) for the first Tranche of any
Series of Notes or Certificates where the Permanent Global Note or Permanent Global Certificate is a German Global Note or German Global Certificate, to deliver such German Global Note or German Global Certificate to Clearstream, Frankfurt;

 (vi) in the case of a subsequent Tranche of any Series of Notes, where the Permanent Global Note is a CGN, or Series of
Certificates (other than German Permanent Global Securities), to attach a copy of the applicable Terms and Conditions to the Permanent Global Note or Permanent Global Certificate applicable to the relevant Series and to enter details of any exchange
in whole or part as stated above; 
 (vii) in the case of a subsequent Tranche of any Series of Notes where the Permanent
Global Note is a NGN, to deliver the applicable Terms and Conditions to the specified common safekeeper for attachment to the Permanent Global Note applicable to the relevant Series; and 
 (viii) in the case of a subsequent Tranche of any Series of Notes or Certificates where the Permanent Global Note or Permanent Global
Certificate is a German Global Note or German Global Certificate, to deliver such German Global Note or German Global Certificate to Clearstream, Frankfurt. 
  

 9 

 (2) (a) For a Tranche in respect of which there is only one Dealer, the Agent will determine the end of
the Restricted Period in respect of such Tranche as being the fortieth calendar day following the date certified by the relevant Dealer to the Agent as being the date as of which distribution of the Notes or Certificates of that Tranche was
completed. 
 (b) For a Tranche in respect of which there is more than one Dealer but is not issued on a syndicated basis, the
Agent will determine the end of the Restricted Period in respect of such Tranche as being the fortieth calendar day following the latest of the dates certified by all the relevant Dealers to the Agent as being the respective dates as of which
distribution of the Notes or Certificates of that Tranche purchased by each such Dealer was completed. 
 (c) For a Tranche
issued on a syndicated basis, the Agent will determine the end of the Restricted Period in respect of such Tranche as being the fortieth calendar day following the date certified by the Lead Manager to the Agent as being the date as of which
distribution of the Notes or Certificates of that Tranche was completed. 
 (d) Forthwith upon determining the end of the
Restricted Period in respect of any Tranche, the Agent shall notify such determination to the Issuer, the Guarantor and the relevant Dealer or the Lead Manager in the case of a syndicated issue. 
 (3) Upon any exchange of all or a part of an interest in a Temporary Global Note or a Temporary Global Certificate for an interest in a Permanent Global
Note or a Permanent Global Certificate, as applicable, or upon any exchange of all or a part of an interest in a Global Security for Definitive Securities, the Agent shall (i) procure that the relevant Global Security shall, if it is a CGN or a
Certificate (other than a German Global Certificate), be endorsed by or on behalf of the Agent to reflect the reduction of its nominal amount by the aggregate nominal amount so exchanged and, where applicable, the Permanent Global Security shall be
endorsed by or on behalf of the Agent to reflect the increases in its nominal amount as a result of any exchange for an interest in the Temporary Global Note or Temporary Global Certificate, as applicable, or (ii) in the case of any Global Note
which is a NGN or a German Global Security, instruct Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt, as applicable, to make appropriate entries in their records to reflect such exchange. Until exchanged in full, the Holder of an
interest in any Global Security shall in all respects be entitled to the same benefits under this Agreement as the Holder of Definitive Securities (and if applicable, Receipts and Talons) authenticated and delivered under this Agreement, subject as
set out in the Terms and Conditions. The Agent is authorized on behalf of the Issuer and instructed (a) in the case of any Global Note which is a CGN or in the case of a Certificate (other than a German Global Certificate), to endorse or to
arrange for the endorsement of the relevant Global Security to reflect the reduction in the nominal amount represented by it by the amount so exchanged and, if appropriate, to endorse the Permanent Global Security to reflect any increase in the
nominal amount represented by it and, in either case, to sign in the relevant space on the relevant Global Security recording the exchange and reduction or increase, (b) in the case of any Global Note which is a NGN or a German Global Security,
to instruct Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt, as applicable, to make appropriate entries in their records to reflect such exchange and (c) in the case of a total exchange, to cancel or arrange for the cancellation
of the relevant Global Security. 
 (4) Where the Agent delivers any authenticated Global Note to a common safekeeper for effectuation using
electronic means, it is authorized and instructed to destroy the Global Note retained by it following its receipt of confirmation from the common safekeeper that the relevant Global Note has been effectuated. 
 (5) Any exchange of all or a part of an interest in a Temporary Global Note or Temporary Global Certificate for an interest in a Permanent Global Note or
Permanent Global Certificate, as applicable, or any exchange of all or a part of an interest in a Global Security for Definitive Securities shall be made only outside the United States and its possessions. 
  

 10 

	 	5.	Issue of Definitive Securities 

 (1) Interests in a
Global Security will be exchangeable for Definitive Securities with Coupons, if any, attached: (i) as to Permanent Global Notes or Permanent Global Certificates in bearer form, on not less than 60 calendar days’ written notice from
Euroclear and/or Clearstream, Luxembourg or Clearstream, Frankfurt (acting on the instructions of any Holder of an interest in the applicable Global Security), (ii) in the case of Global Notes, if an Event of Default (as defined in the Terms
and Conditions) occurs and is continuing, (iii) if the Issuer is notified that either Euroclear or Clearstream, Luxembourg or Clearstream, Frankfurt, as applicable, has been closed for business for a continuous period of 14 calendar days (other
than by reason of holiday, statutory or otherwise) after the original issuance of the Securities or has announced an intention permanently to cease business or has in fact done so and no alternative clearance system approved by the Holders is
available, or (iv) if the Issuer, after notice to the Agent, determines to issue the applicable Securities in Definitive form. Upon the occurrence of these events, the Agent shall deliver the relevant Definitive Securities in accordance with
the terms of the relevant Global Security. For this purpose, the Agent is hereby authorized on behalf of the Issuer: 
 (a) to
authenticate such Definitive Securities in accordance with the provisions of this Agreement; and 
 (b) to deliver such
Definitive Securities to or to the order of Euroclear, Clearstream, Luxembourg or Clearstream, Frankfurt and/or the requesting Holder(s), as applicable, in exchange for such Global Security. 
 The Agent shall notify the Issuer forthwith upon receipt of a written request for issue of Definitive Securities in accordance with the provisions of a Global Security
and this Agreement (and the aggregate amount of such Temporary Global Security or Permanent Global Security, as the case may be, to be exchanged in connection therewith). 
 (2) The Issuer undertakes to deliver to the Agent sufficient numbers of executed Definitive Securities with, if applicable, Receipts, Coupons and Talons attached to enable the Agent to comply with its obligations
under this Clause 5. 
  

	 	6.	Terms of Issue 

 (1) The Agent shall cause all
Temporary Global Securities or Permanent Global Securities and Definitive Securities that are delivered to and held by it under this Agreement to be maintained in safe custody and shall ensure that such Securities are issued only in accordance with
the provisions of this Agreement and the relevant Global Security and the Terms and Conditions. 
 (2) Subject to the procedures set out in
the Procedures Memorandum, for the purposes of Clause 3(1), the Agent is entitled to treat a telephone, telex, e-mail or facsimile communication from a person purporting to be (and who the Agent believes in good faith to be) the authorized
representative of the Issuer named in the lists referred to in, or notified pursuant to, Clause 16(7) as sufficient instructions and authority of the Issuer for the Agent to act in accordance with Clause 3(1). 
 (3) If a person who has signed on behalf of the Issuer any Security not yet issued but held by the Agent in accordance with Clause 3(1) ceases to be
authorized as described in Clause 16(7), the Agent (unless the Issuer gives notice to the Agent that Securities signed by that person do not constitute valid and binding obligations of the Issuer or otherwise until replacements have been provided to
the Agent) shall continue to have authority to issue any such Securities, and the Issuer hereby warrants to the Agent that such Securities shall be, unless notified as aforesaid, valid and binding obligations of the Issuer. Promptly upon such person
ceasing to be authorized, the Issuer shall provide the Agent with replacement Securities. Upon receipt of such replacement Securities, the Agent shall cancel and destroy the Securities held by it which are signed by such person and shall provide to
the Issuer a confirmation of destruction in respect thereof specifying the Securities so canceled and destroyed. 
  

 11 

 (4) If the Agent pays an amount (the “Advance”) to the Issuer on the basis that a payment (the
“Payment”) has been, or will be, received from a Dealer and if the Payment is not received by the Agent on the date the Agent pays the Issuer, the Agent shall notify the Issuer by tested telex or facsimile that the Payment has not been
received and the Issuer shall repay to the Agent the Advance and shall pay interest on the Advance (or the unreimbursed portion thereof) from (and including) the date such Advance is made to (but excluding) the earlier of repayment of the Advance
and receipt by the Agent of the Payment (at a rate quoted at that time by the Agent as its cost of funding the Advance). 
 (5) Except in the
case of issues where the Agent does not act as receiving bank for the Issuer in respect of the purchase price of the Securities being issued, if on the relevant Issue Date, a Dealer does not pay the full purchase price due from it in respect of any
Security (the “Defaulted Security”) and, as a result, the Defaulted Security remains in the Agent’s distribution account with Euroclear and/or Clearstream, Luxembourg or Clearstream, Frankfurt after such Issue Date, the Agent will
continue to hold the Defaulted Security pursuant to the order of the Issuer. The Agent shall notify the Issuer forthwith of the failure of the Dealer to pay the full purchase price due from it in respect of any Defaulted Security and, subsequently,
shall notify the Issuer forthwith upon receipt from the Dealer of the full purchase price in respect of such Defaulted Security and pay to the Issuer the amount so received. 
  

	 	7.	Payments and Deliveries 

 (1) Subject to sub-clause
(12) below, the Agent shall advise the Issuer as soon as shall be practicable preceding the date on which any payment is to be made to the Agent pursuant to this sub-clause (1) of the payment amount, value date and payment instructions and
the Issuer will before 10:00 a.m. London time on each date on which any payment in respect of any Securities issued by it becomes due, transfer to an account specified by the Agent such amount in the relevant currency as shall be sufficient for the
purposes of such payment in funds settled through such payment system as the Agent and the Issuer may agree. 
 (2) The Issuer will ensure
that no later than 4:00 p.m. (London time) on the second Business Day (as defined below) immediately preceding the date on which any payment is to be made to the Agent pursuant to sub-clause (1), the Agent shall receive from the paying bank of the
Issuer an irrevocable confirmation in the form of an authenticated SWIFT message that such payment shall be made. For the purposes of this Clause 7, “Business Day” means a day which is both: 
 (a) a day (other than a Saturday or Sunday) on which commercial banks and foreign exchange markets settle payments and are open for
general business (including dealing in foreign exchange and foreign currency deposits) in London and Charlotte, North Carolina and any additional business center(s) specified in the applicable Terms and Conditions (“Additional Business
Center(s)”); and 
 (b) either (1) for any sum payable in a Specified Currency other than euro, a day on which
commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in foreign exchange and foreign currency deposits) in the principal financial center (the “Principal Financial Center”) of
the country of the relevant Specified Currency (if other than London) or (2) for any sum payable in euro, a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer System (“TARGET System”) or any
successor thereto is operating. Unless otherwise provided in the applicable Terms and Conditions, the Principal Financial Center of any country for the purpose of this Clause 7 shall be as provided in the ISDA 2000 Definitions, published by the
International Swaps and Derivatives Association, Inc., except that the Principal Financial Center of Australia shall be Melbourne and Sydney, the Principal Financial Center of Canada shall be Toronto and the Principal Financial Center of New Zealand
shall be Wellington. 
 (3) The Agent shall ensure that payments of both principal, interest or any other amount in respect of any Temporary
Global Note or Temporary Global Certificate will be made only to the extent that certification of non-U.S. beneficial ownership as required by U.S. securities laws and U.S. Treasury regulations has been received from Euroclear and/or Clearstream,
Luxembourg and/or Clearstream, Frankfurt in accordance with the terms thereof. 
  

 12 

 (4) Subject to the receipt by the Agent of payment as provided in sub-clause (1) above, the Agent or
the relevant Paying Agent shall pay or cause to be paid all amounts due in respect of the Securities on behalf of the Issuer in the manner provided in the Terms and Conditions. If any payment provided for in sub-clause (l) is made late but
otherwise in accordance with the provisions of this Agreement, the Agent and each Paying Agent shall nevertheless make payments in respect of the Securities as aforesaid following receipt by it of such payment. 
 (5) If for any reason the Agent considers in its sole discretion that the amounts to be received by the Agent pursuant to sub-clause (1) will be, or
the amounts actually received by it pursuant thereto are, insufficient to satisfy all claims in respect of all payments then falling due in respect of the Securities, neither the Agent nor any Paying Agent shall be obliged to pay any such claims
until the Agent has received the full amount of all such payments. Should the Agent or any Paying Agent elect not to make payment of amounts falling due in respect of the Securities as aforesaid, it shall advise the Issuer of any such decision as
soon as practicable by telephone with confirmation by facsimile. 
 (6) Without prejudice to sub-clauses (4) and (5), if the Agent pays
any amounts to the Holders, Receiptholders or Couponholders or to any Paying Agent at a time when it has not received payment in full in respect of the relevant Securities in accordance with sub-clause (1) (the excess of the amounts so paid
over the amounts so received being the “Shortfall”), the Issuer will, in addition to paying amounts due under sub-clause (l), pay to the Agent on demand interest (at a rate which represents the Agent’s cost of funding the Shortfall)
on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Agent of the Shortfall. 
 (7) The Agent shall on
demand promptly reimburse each Paying Agent for payments in respect of Securities properly made by such Paying Agent in accordance with this Agreement and the Terms and Conditions unless the Agent has notified the Paying Agent, prior to the opening
of business in the location of the office of the Paying Agent through which payment in respect of the Securities can be made prior to the day on which such Agent has to give payment instructions in respect of the due date of a payment in respect of
the Securities, that the Agent does not expect to receive sufficient funds to make payment of all amounts falling due in respect of such Securities. 
 (8) If the Agent pays out on or after the due date therefor, or becomes liable to pay out, funds on the assumption that a corresponding payment by the Issuer has been or will be made and such payment has in fact not
been made by the Issuer, then the Issuer shall on demand reimburse the Agent for the relevant amount, and pay interest to the Agent on such amount from the date on which it is paid out to the date of reimbursement at a rate per annum equal to the
cost to the Agent of funding the amount paid out, as certified by the Agent and expressed as a rate per annum. 
 (9) While any Securities
are represented by a Global Security or Global Securities, all payments or deliveries due in respect of such Securities shall be made to, or to the order of, the Holder of the Global Security or Global Securities, subject to, and in accordance with,
the provisions of the Global Security or Global Securities. In the case of a Global Note which is a CGN, a Global Certificate or a Global Warrant (other than a German Global Certificate or German Global Warrant), the Paying Agent to which any Global
Security was presented for the purpose of making such payment shall cause the appropriate Schedule to the relevant Global Security to be annotated so as to evidence the amounts and dates of such payments of principal, interest or other amounts, as
applicable. In the case of any Global Note which is a NGN or a German Global Security, the Agent shall instruct Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt, respectively, to make appropriate entries in their records to reflect
such payment. 
 (10) All payments in respect of any Security (including payments by the Guarantor pursuant to the Guarantee) shall be made
outside the United States and its possessions and shall not be made by transfer to an account at a bank, or delivered to an address, located inside the United States or its possessions, by any office or agency of the Issuer, the Guarantor, the
Principal Agent, or any Paying Agent. Terms used in the preceding clause shall have the meanings given to them by the U.S. Internal Revenue Code of 1986, as amended, and regulations thereunder. No payments shall be made to a U.S. person. 

 

 13 

 (11) If the amount of principal, interest or other amounts then due for payment is not paid in full
(otherwise than by reason of a deduction required by law to be made therefrom), (i) the Paying Agent to which a Security is presented for the purpose of making such payment shall, unless the Security is a NGN or a German Global Security, make a
record of such shortfall on the Security and such record shall, in the absence of manifest error, be prima facie evidence that the payment in question has not to that extent been made or (ii) in the case of any Global Note which is a NGN or a
German Global Security, the Agent shall instruct Euroclear and Clearstream, Luxembourg or Clearstream, Frankfurt to make appropriate entries in their records to reflect such shortfall in payment. 
 (12) If any payments or deliveries due on any Physical Delivery Notes, or Physical Delivery Instruments, including pursuant to Clause 10 above, are
required to be paid by delivery of any asset other than cash, then neither the Agent nor any Paying Agent shall be responsible hereunder for the delivery of such non-cash consideration. Instead, the delivery of such non-cash consideration shall be
effected or procured by the Delivery Agent in the manner provided by the Delivery Agency Agreement upon receipt of an Asset Transfer Notice, an Exercise Notice or a Certificate Settlement Notice, as applicable, from the relevant Holder in the manner
contemplated by the Terms and Conditions, as applicable. No Physical Delivery Amount shall be delivered in the United States or its possessions, transferred to an account at a bank or delivered to an address located inside the United States or its
possessions, or to, or for the account or benefit of a U.S. person. For purposes of taking any action required to be taken by the Agent hereunder, including, but not limited to, any notations required to be made on the Securities, the Agent may rely
upon any notification delivered to it by the Delivery Agent pursuant to the Delivery Agency Agreement as to the amounts delivered by the Delivery Agent thereunder (or any shortfall, as the case may be) on any Interest Payment Date, Maturity Date,
Settlement Date, or any other relevant payment date. 
  

	 	8.	Determinations and Notifications in Respect of Securities 

 (1) The Agent or the Calculation Agent, as the case may be, shall make all such determinations and calculations (howsoever described) as it is required to do under the Terms and Conditions, all subject to and in accordance with the Terms
and Conditions, provided that certain calculations with respect to the Securities, and associated publication or notification, shall be made by the Calculation Agent in accordance with the Terms and Conditions. 
 (2) The Agent or the Calculation Agent, as the case may be, shall not be responsible to either Offeror or to any third party (except in the event of
gross negligence, default or bad faith of the Agent or the Calculation Agent) as a result of the Agent or the Calculation Agent having acted in good faith on any quotation given by any reference bank which subsequently may be found to be incorrect.

 (3) The Agent or the Calculation Agent, as the case may be, promptly shall notify (and confirm in writing to) the Offerors, the Agent or
the other Paying Agents (as the case may be) and (in respect of a Series of Notes or Certificates listed on a stock exchange) the relevant stock exchange of, inter alia, each Rate of Interest, Interest Amount and Interest Payment Date and all
other amounts, rates and dates which it is obliged to determine or calculate under the Terms and Conditions as soon as practicable after the determination thereof (and in any event no later than the Business Day as defined in Clause 7(2) immediately
preceding the date on which payment is to be made to the Agent pursuant to Clause 7(l)) and of any subsequent amendment thereto pursuant to the Terms and Conditions. 
 (4) The Agent or the Calculation Agent, as the case may be, shall use its best efforts to cause each Rate of Interest, Interest Amount and Interest Payment Date and all other amounts, rates and dates which it is
obliged to determine or calculate under the Terms and Conditions to be published as required in accordance with the Terms and Conditions as soon as possible after their determination or calculation. 
 (5) If the Agent or the Calculation Agent, as the case may be, does not at any material time for any reason determine and/or calculate and/or publish the
Rate of Interest, Interest Amount and/or Interest Payment Date in respect of any Interest Period or any other amount, rate or date as provided in this Clause 8, it forthwith shall notify the Offerors and the Paying Agents of such fact. 

 

 14 

 (6) Determinations with regard to Securities (including, without limitation, Index Linked Securities,
Share Linked Securities, Inflation Linked Securities, Commodity Linked Securities, FX Linked Securities, Hybrid Securities, Securities linked to other Underlying Assets or Dual Currency Notes) shall be made by the Calculation Agent specified in the
applicable Terms and Conditions in the manner specified in the applicable Terms and Conditions. Unless otherwise agreed between the Offerors and the relevant Dealer, such determinations shall be made on the basis of the Calculation Agency Agreement.

 (7) For the purposes of monitoring the aggregate principal amount of Securities issued under the Program, the Agent shall determine the
U.S. Dollar equivalent of the principal amount of each issue of Securities denominated in another currency, each issue of Partly Paid Notes, Index Linked Securities, Share Linked Securities, Inflation Linked Securities, Commodity Linked
Securities, FX Linked Securities, Hybrid Securities, Securities linked to other Underlying Assets and Dual Currency Notes, as follows: 
 (a) the U.S. Dollar equivalent of Securities denominated in a currency other than U.S. Dollars shall be determined as of the Agreement Date for such Securities on the basis of the spot rate for the sale of the
U.S. Dollar against the purchase of the relevant currency quoted by a foreign exchange dealer selected by the Issuer on the relevant day of calculation; 
 (b) the U.S. Dollar equivalent of Index Linked Securities, Share Linked Securities, Inflation Linked Securities, Commodity Linked
Securities, FX Linked Securities, Hybrid Securities, Dual Currency Notes and Securities linked to other Underlying Assets (in each case, other than Warrants), shall be calculated as specified above by reference to the original nominal amount of such
Securities; 
 (c) the U.S. Dollar equivalent of Partly Paid Notes shall be determined as specified above by reference to
the original principal amount of such Notes regardless of the amount paid on the Notes; and 
 (d) the U.S. Dollar
equivalent of Zero Coupon Notes, Dual Currency Notes and other Securities not otherwise described in subclauses (a) – (c) above that are issued at a discount or premium, as well as Warrants, shall be calculated as specified above by
reference to the net proceeds received by the Issuer for the relevant issue. 
  

	 	9.	Notice of Any Withholding or Deduction 

 If the
Issuer, in respect of any payment under the Securities, or the Guarantor, in respect of any payment under the Guarantee, is compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges, the
Issuer or the Guarantor, as applicable, shall give written notice thereof to the Agent as soon as it becomes aware of the requirement to make such withholding or deduction and shall give to the Agent such information as it shall require to enable it
to comply with such requirement. 
  

	 	10.	Optional Early Redemption, Put Notices, Certificate Settlement Notices, Asset Transfer Notices and Exercise Notices 

 (1) If so permitted by the applicable Terms and Conditions, and subject always to the provisions set forth in the Terms and Conditions, if the Issuer
decides to redeem any outstanding Securities (in whole or in part) for the time being outstanding prior to their Maturity Date, Expiration Date or Settlement Date, as applicable, or (if applicable) the Interest Payment Date falling in the redemption
month (as the case may be) in accordance with the Terms and Conditions, the Issuer shall give written notice of such decision to the Agent not less than seven London Business Days before the date on which the Issuer will give notice of such
redemption to the Holders in accordance with the Terms and Conditions in order to enable the Agent to undertake its obligations herein and in the Terms and Conditions. 
 (2) On behalf of and at the expense of the Issuer, the Agent shall publish the notice required in connection with any such redemption and shall at the same time also publish a separate list of the serial numbers

  

 15 

 
of any Securities previously drawn and not presented for redemption. Such notice shall specify the date fixed for redemption, the redemption amount, the
record date, the manner in which redemption will be effected and, in the case of a partial redemption, the serial numbers of the Securities to be redeemed. Such notice will be published in accordance with the Terms and Conditions. The Agent also
will notify the other Paying Agents of any date fixed for redemption of any Securities. 
 (3) Immediately prior to the date on which any
notice of redemption is to be given to the Holders, the Issuer shall deliver to the Agent a certificate stating that the Issuer is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing that all
conditions precedent to such redemption have occurred or been satisfied and shall comply with all notice requirements provided for in the Terms and Conditions. 
 (4) Each Paying Agent will keep a stock of Put Notices for Definitive Notes held outside of a clearing system, which shall be delivered in accordance with the Terms and Conditions, and will make such notices available
on demand to Noteholders for which the Terms and Conditions provide for redemption at the option of Noteholders. Each Paying Agent shall promptly transfer a copy of any valid Put Notice that it receives to the Issuer, the Guarantor and the Principal
Agent. Upon receipt of any Note deposited in the exercise of such option in accordance with the Terms and Conditions, the Paying Agent with which such Note is deposited shall hold such Note (together with any Coupons, if any, relating to it and
deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below and
Clause 7(12) above, it shall present such Note (and any such Coupons, if any) to itself, the Issuer and the Guarantor for payment of the amount due thereon together with any interest and any other amounts due on such date in accordance with the
Terms and Conditions and shall pay such amounts in accordance with the respective Terms and Conditions, and if applicable, the directions of such Noteholder contained in the Put Notice. If, prior to such due date for its redemption, such Note
becomes immediately due and payable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note (together with any such Coupons, if any) by uninsured post to, and
at the risk of, the relevant Noteholder unless such Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes at such address outside the United States and its
possessions as may have been given by such Noteholder in the Put Notice. At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Agent of the principal amount of the Notes in respect of which such
option has been exercised with it, together with their serial numbers, and the Agent shall promptly notify such details to the Issuer. 
 (5)
Upon request of the Issuer or the Guarantor, each Paying Agent will keep a stock of Asset Transfer Notices for Physical Delivery Notes held outside of a clearing system, which shall be delivered in accordance with the respective Terms and
Conditions, and will make such notices available on demand to Holders. Each Paying Agent shall promptly transfer a copy of any valid Asset Transfer Notice that it receives to the Issuer, the Guarantor and the Principal Agent. Upon receipt of any
Note deposited in connection with the delivery of any Physical Delivery Amount as to a Physical Delivery Note, the Paying Agent with which such Note is deposited shall hold such Note (together with any Coupons, if any, relating to it and deposited
with it) on behalf of the depositing Noteholder (but shall not, except as provided below, release it) until the due date for delivery of the applicable Physical Delivery Amount of the relevant Note, when, subject as provided below and Clause 7(12)
above, it shall present such Note (and any such Coupons, if any), together with the serial numbers of the applicable Notes, to itself, the Issuer, the Guarantor and the Delivery Agent for delivery of the Physical Delivery Amount due thereon in
accordance with the Terms and Conditions. If, prior to such due date for delivery, such Note becomes immediately due and payable or if upon due presentation, delivery or payment of the Physical Delivery Amount or any moneys is improperly withheld or
refused, the Paying Agent concerned shall post such Note (together with any such Coupons, if any) by uninsured post to, and at the risk of, the relevant Holder unless such Holder has otherwise requested and paid the costs of such insurance to the
relevant Paying Agent at the time of depositing the Notes at such address outside the United States and its possessions as may have been given by such Holder in the Asset Transfer Notice. 
 (6) Upon request of the Issuer or the Guarantor, each Paying Agent will keep a stock of Certificate Settlement Notices in the form set out in Schedule
8 for Definitive Certificates held outside of a clearing system, which shall be delivered in accordance with the Terms and Conditions, and will make such notices available on demand to Holders of such Certificates. Each Paying Agent shall
promptly transfer a copy of any valid 

  

 16 

 
Certificate Settlement Notice that it receives to the Issuer, the Guarantor and the Principal Agent. Upon receipt of any Certificate deposited for settlement
in accordance with the Terms and Conditions, the Paying Agent with which such Certificate is deposited shall hold such Certificate (together with any Coupons, if any, relating to it and deposited with it) on behalf of the depositing Holder of such
Certificates (but shall not, except as provided below, release it) until the settlement date of the relevant Certificate, when, subject as provided below and Clause 7(12) above, it shall present such Certificate (and any such Coupons, if any) to
itself, the Issuer, the Guarantor and the Delivery Agent (if applicable) for payment of the amount due or deliverable thereon together with any interest and any other amounts due or deliverable on such date in accordance with the Terms and
Conditions and shall pay or deliver such amounts in accordance with the respective Terms and Conditions, and if applicable, the directions of the Holder of the Certificates contained in the Certificate Settlement Notice. If, prior to such settlement
date, such Certificate becomes immediately due and payable or if upon due presentation, payment of any amounts due or deliverable or any money is improperly withheld or refused, the Paying Agent concerned shall post such Certificate (together with
any such Coupons, if any) by uninsured post to, and at the risk of, the relevant Holder of such Certificate unless such Holder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the
Certificates at such address outside the United States and its possessions as may have been given by such Holder in the Certificate Settlement Notice. At the end of each Certificate Settlement Notice Period (as defined in the respective Terms and
Conditions), each Paying Agent shall promptly notify the Agent of the number of Certificates that have been redeemed, together with their serial numbers, and the Agent shall promptly notify such details to the Issuer. 
 (7) Upon request of the Issuer or the Guarantor, each Paying Agent will keep a stock of Exercise Notices for Definitive Warrants held outside of a
clearing system, which shall be delivered in accordance with the respective Terms and Conditions, and will make such notices available on demand to Holders of such Warrants. Each Paying Agent shall promptly transfer a copy of any valid Exercise
Notice that it receives to the Issuer, the Guarantor and the Principal Agent. Upon receipt of any Warrant deposited in the exercise of such Warrant in accordance with the Terms and Conditions, the Paying Agent with which such Warrant is deposited
shall hold such Warrant on behalf of the depositing Holder of such Warrant (but shall not, except as provided below, release it) until the due date for delivery of the amounts payable or deliverable on the relevant Warrant consequent upon its
exercise, when, subject as provided below and Clause 7(12) above, it shall present such Warrant, to itself, the Issuer, the Guarantor and the Delivery Agent (if applicable) for delivery of the amount payable or deliverable thereon in accordance with
the Terms and Conditions and shall pay or deliver such amounts in accordance with the respective Terms and Conditions, and if applicable, the directions of the Holder of the Warrants contained in the Exercise Notice. If upon due presentation,
payment of any amounts due or deliverable or any money is improperly withheld or refused, the Paying Agent concerned shall post such Warrant by uninsured post to, and at the risk of, the relevant Holder of the Warrant unless such Holder has
otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Warrants at such address outside the United States and its possessions as may have been given by such Holder in the Exercise Notice.
At the end of the Exercise Period (as defined in the respective Terms and Conditions) for any Warrants, each Paying Agent shall promptly notify the Agent of the number of Warrants that have been exercised, together with their serial numbers (if
any), and the Agent shall promptly notify such details to the Issuer. 
 (8) The Principal Agent shall as promptly as practicable (and in any
event not later than 3:00 p.m. (local time) on the following Business Day on which a duly completed Asset Transfer Notice, Certificate Settlement Notice or Exercise Notice, as the case may be, is delivered to it), and in accordance with the
respective Terms and Conditions, notify the Issuer, the Guarantor, the Calculation Agent and (if applicable) the Delivery Agent of details of the Securities in respect of which an Asset Transfer Notice, Certificate Settlement Notice or Exercise
Notice, as the case may be, has been delivered by any Holder, (such notification to be in such forms and in such manner as the Issuer, the Guarantor, the relevant Dealer, the Calculation Agent and (if applicable) the Delivery Agent may reasonably
request from time to time). 
 (9) The Principal Agent shall keep a full and complete record of all Securities and of their exercise,
redemption and cancellation in accordance with this Clause 10 and make such records available at all reasonable times to the Issuer and the Guarantor. 
 (10) The Principal Agent shall, as soon as practicable after the date on which all the Securities represented by any Global Security have been exercised or redeemed or have expired or have become null and void 

  

 17 

 
and upon delivery by or on behalf of the common depositary (in the case of a Global Note issued in CGN form or an Instrument) (other than a German Global
Security) or the common safekeeper (in the case of a Global Note issued in NGN form) or Clearstream, Frankfurt (in the case of a German Global Security) of the relevant Global Security to the Principal Agent, cancel the relevant Global Security or
cause it to be cancelled and thereafter, unless otherwise instructed by the Issuer, destroy the relevant Global Security and certify such destruction to the Issuer. 
 (11) The Principal Agent shall make such arrangements (including the notification of the relevant clearing system) as are necessary to collect, on behalf of the Issuer, any taxes or duties as specified in the Terms
and Conditions incurred by the Issuer in connection with the exercise or redemption of the Securities, provided that the Issuer gives notice to the Principal Agent of the relevant taxes or duties which will be incurred by the Issuer on an exercise
or redemption of Securities. 
  

	 	11.	Receipt and Publication of Notices; Receipt of Certificates 

 (1) Upon the receipt by the Agent of a written demand or notice from any Holder in accordance with the Terms and Conditions, the Agent shall forward a copy thereof to the Offerors. 
 (2) On behalf of and at the request and expense of the Issuer, the Agent shall cause to be published all notices required to be given by the Issuer to
the Holders in accordance with the Terms and Conditions. 
  

	 	12.	Cancellation of Securities, Receipts, Coupons and Talons 

 (1) All Securities which are redeemed, all Warrants which are exercised, all Receipts or Coupons which are paid and all Talons which are exchanged shall be delivered outside the United States and its possessions to the Agent, and shall be
canceled by the Agent. In addition, each Offeror shall notify the Agent in writing of all Securities which are purchased by or on behalf of such Offeror or any of its subsidiaries and all such Securities surrendered to the Agent for cancellation,
together (in the case of Securities in Definitive form) with all unmatured Receipts, Coupons or Talons (if any) attached thereto or surrendered therewith, shall be canceled by the Agent. 
 (2) Each Offeror shall have the right to request in writing that the Agent provide, without limitation, the following information: 
 (a) the aggregate principal amount of Notes and the number of Certificates which have been redeemed and the aggregate amount paid or
delivered in respect thereof; 
 (b) the number of Warrants which have been exercised and the payments or deliveries made upon
such exercise; 
 (c) the number of Securities canceled together (in the case of Definitive Securities, if any) with details
of all unmatured Receipts, Coupons or Talons (if any) attached thereto or delivered therewith; 
 (d) the aggregate amount
paid in respect of interest on the Notes and Certificates; 
 (e) the total number by maturity date of Receipts, Coupons and
Talons so canceled; and 
 (f) in the case of Definitive Securities, if any, the serial numbers of such Securities, which
shall be given to the Issuer by the Agent as soon as reasonably practicable and in any event within three months after the date of such repayment or, as the case may be, payment or exchange. 
 (3) The Agent shall destroy all canceled Securities, Receipts, Coupons and Talons. 
  

 18 

 (4) The Agent shall keep a full and complete record of all Securities, Receipts, Coupons and Talons
(other than serial numbers of Coupons, except those which have been replaced pursuant to the respective Terms and Conditions) and of all replacement Securities, Receipts, Coupons or Talons issued in substitution for mutilated, defaced, destroyed,
lost or stolen Securities, Receipts, Coupons or Talons. The Agent shall at all reasonable times make such record available to the Issuer and any persons authorized by it for inspection and for the taking of copies thereof or extracts therefrom.

 (5) All records and certificates made or given pursuant to this Clause 12 and Clause 13 shall make a distinction between Securities,
Receipts, Coupons and Talons of each Series. 
 (6) The Agent is authorized by the Issuer and instructed to (a) in the case of any
Global Note which is a CGN, Global Certificate or Global Warrant (other than a German Global Security), to endorse or to arrange for the endorsement of the relevant Global Security to reflect the reduction in the nominal amount or number of
Certificates or Warrants represented by it by the amount so redeemed, exercised or purchased and cancelled and (b) in the case of any Global Note which is a NGN or a German Global Security, to instruct Euroclear and Clearstream, Luxembourg or
Clearstream, Frankfurt to make appropriate entries in their records to reflect such redemption or purchase and cancellation, as the case may be. 
  

	 	13.	Issue of Replacement Securities, Receipts, Coupons and Talons 

 (1) The Issuer will cause a sufficient quantity of additional forms of Securities, Receipts, Coupons and Talons to be available, upon request to the Agent (in such capacity, the “Replacement Agent”) at its
specified office for the purpose of issuing replacement Securities, Receipts, Coupons and Talons as provided below. 
 (2) The Replacement
Agent will, subject to, and in accordance with, the Terms and Conditions and the following provisions of this Clause 13, authenticate (or in the case of a Global Note that is a Eurosystem-eligible NGN, instruct the common safekeeper to effectuate
the same) and cause to be delivered any replacement Securities, Receipts, Coupons and Talons which the Issuer may determine to issue in place of Securities, Receipts, Coupons and Talons which have been lost, stolen, mutilated, defaced or destroyed.

 (3) In the case of a mutilated or defaced Security, the Replacement Agent shall ensure that (unless otherwise covered by such indemnity as
the Issuer may reasonably require) any replacement Security will only have attached to it Receipts, Coupons and Talons corresponding to those (if any) attached to the mutilated or defaced Security which is presented for replacement. 
 (4) The Replacement Agent shall not issue any replacement Security, Receipt, Coupon or Talon unless and until the applicant therefor shall have:

 (a) paid such reasonable costs and expenses as may be incurred in connection therewith, including any tax or other
governmental charge that may be imposed in relation thereto; 
 (b) furnished it with such evidence and indemnity as the Agent
may reasonably require; and 
 (c) in the case of any mutilated or defaced Security, Receipt, Coupon or Talon, surrendered it
to the Replacement Agent. 
 (5) The Replacement Agent shall cancel any mutilated or defaced Securities, Receipts, Coupons and Talons in
respect of which replacement Securities, Receipts, Coupons and Talons have been issued pursuant to this Clause 13 and shall furnish the Issuer with a certificate stating the serial numbers of the Securities, Receipts, Coupons and Talons so cancelled
and, unless otherwise instructed by the Issuer in writing, shall destroy such cancelled Securities, Receipts, Coupons and Talons and furnish the Issuer with a destruction certificate stating the serial number of the Securities (in the case of
Definitive Securities) and the number by maturity date or settlement date of Receipts, Coupons and Talons so destroyed. 
  

 19 

 (6) The Replacement Agent, on issuing any replacement Security, Receipt, Coupon or Talon, forthwith shall
inform the Issuer, the Agent and the other Paying Agents of the serial number of such replacement Security, Receipt, Coupon or Talon issued and (if known) of the serial number of the Security, Receipt, Coupon or Talon in place of which such
replacement Security, Receipt, Coupon or Talon has been issued. Whenever replacement Receipts, Coupons or Talons are issued pursuant to the provisions of this Clause 13, the Replacement Agent also shall notify the Agent and the other Paying Agents
of the maturity dates of the lost, stolen, mutilated, defaced or destroyed Receipts, Coupons or Talons and of the replacement Receipts, Coupons or Talons issued. 
 (7) The Agent shall keep a full and complete record of all replacement Securities, Receipts, Coupons and Talons issued and shall make such record available at all reasonable times to the Issuer and any persons
authorized by it for inspection and for the taking of copies thereof or extracts therefrom. 
 (8) Whenever any Security, Receipt, Coupon or
Talon for which a replacement Security, Receipt, Coupon or Talon has been issued and in respect of which the serial number is known is presented to the Agent or any of the Paying Agents for payment, the Agent or, as the case may be, the relevant
Paying Agent shall immediately send notice thereof to the Issuer and the other Paying Agents and shall not make payment in respect thereto, until instructed by the Issuer. 
  

	 	14.	Copies of Documents Available for Inspection 

 The
Agent and the Paying Agents shall hold available for inspection copies of: 
 (1) the organizational documents of the Offerors; 
 (2) all financial statements incorporated by reference or contained in the German Base Prospectus; 
 (3) the Program Agreement, this Agreement, the Delivery Agency Agreement, the Calculation Agency Agreement and the Guarantee; 
 (4) the Base Prospectus; and 
 (5) any
future prospectuses, information memoranda and supplements (except that the Final Terms relating to any unlisted Security will only be available for inspection by a Holder of such Security and such Holder must produce evidence satisfactory to the
Paying Agent as to ownership) to the German Base Prospectus and any other documents incorporated therein by reference and in the case of a syndicated issue of listed Securities, the syndication agreement (or equivalent document). 
 For this purpose, the Offerors shall furnish the Agent and the Paying Agents with sufficient copies of each of such documents. 
  

	 	15.	Repayment by the Agent 

 Upon the Issuer being
discharged from its obligation to make payments or other deliveries in respect of any Securities pursuant to the relevant Terms and Conditions, and provided that there is no outstanding, bona fide and proper claim in respect of any such payments,
the Agent shall forthwith on written demand pay to the Issuer sums equivalent to any amounts paid to it by the Issuer for the purposes of such payments. 
  

	 	16.	Conditions of Appointment 

 (1) The Agent shall be
entitled to deal with money paid to it by the Offerors for the purpose of this Agreement in the same manner as other money paid to a banker by its customers except: 
 (a) that it shall not exercise any right of set-off, lien or similar claim in respect thereof; and 
  

 20 

 (b) as provided in sub-clause (2) below; and 
 (c) that it shall not be liable to account to the Offerors for any interest thereon. 
 (2) In acting hereunder and in connection with the Securities, the Agent and the Paying Agents shall act solely as agents of the Issuer and will not
thereby assume any obligations towards or relationship of agency or trust for or with any of the owners or Holders, Receiptholders, Couponholders or Talonholders. 
 (3) The Agent and the Paying Agents hereby undertake to the Offerors to perform such obligations and duties, and shall be obliged to perform such duties and only such duties as are herein, in the Terms and Conditions
and in the Procedures Memorandum specifically set forth and no implied duties or obligations shall be read into this Agreement or the Securities against the Agent and the Paying Agents, other than the duty to act honestly and in good faith and to
exercise the diligence of a reasonably prudent agent in comparable circumstances. 
 (4) The Agent may consult with legal and other
professional advisers and the opinion of such advisers shall be full and complete protection in respect of any action taken, omitted or suffered hereunder in good faith and in accordance with the opinion of such advisers. 
 (5) Each of the Agent and the Paying Agents shall be protected and shall incur no liability for or in respect of any action taken, omitted or suffered in
reliance upon any instruction, request or order from an Offeror or any notice, resolution, direction, consent, certificate, affidavit, statement, cable, telex or other paper or document which it reasonably believes to be genuine and to have been
delivered, signed or sent by the proper party or parties or upon written instructions from the relevant Offeror. 
 (6) Any of the Agent and
the Paying Agents and their officers, directors and employees may become the owner of, or acquire any interest in any Securities, Receipts, Coupons or Talons with the same rights that it or he would have if the Agent or the relevant Paying Agent, as
the case may be, were not appointed hereunder, and may engage or be interested in any financial or other transactions with the Offerors and may act on, or as depositary, safekeeper, trustee or agent for, any committee or body of Holders or
Couponholders or in connection with any other obligations of the Offerors as freely as if the Agent or the relevant Paying Agent, as the case may be, were not appointed hereunder. 
 (7) Each Offeror shall provide the Agent with a certified copy of the list of persons authorized to execute documents and take action on its behalf in
connection with this Agreement and shall notify the Agent immediately in writing if any of such persons ceases to be so authorized or if any additional person becomes so authorized together, in the case of an additional authorized person, with
evidence satisfactory to the Agent that such person has been so authorized, provided, however, that the Agent shall not incur any liability for any losses, claims or damages resulting from the relevant Offeror’s failure to provide such
notification to the Agent. 
  

	 	17.	Communication Between the Parties 

 A copy of all
communications relating to the subject matter of this Agreement between any Offeror and the Holders, Receiptholders or Couponholders and any of the Paying Agents shall be sent to the Agent by the relevant Paying Agent. 
  

	 	18.	Changes in Agent and Paying Agents 

 (1) The
Offerors agree that, for so long as any Security is outstanding, or until moneys for the payment of all amounts in respect of all outstanding Securities have been made available to the Agent or to the Delivery Agent, as applicable, or have been
returned to the relevant Offeror as provided herein: 
 (a) so long as any Securities are listed on any stock exchange, there
will at all times be a Paying Agent with a specified office in such place as may be required by the rules and regulations of the relevant stock exchange; 
  

 21 

 (b) there will at all times be a Paying Agent with a specified office in a city in
Europe; 
 (c) there will at all times be an Agent; and 
 (d) the Issuer will maintain a Paying Agent in a member state of the European Union that will not be obliged to withhold or deduct tax
pursuant to Directive 2004/48/EC, or any law supplementing or complying with such Directive. 
 In addition, the Issuer shall immediately
appoint a Paying Agent having a specified office in New York City in the circumstances described in § 8[(c)] (Payments in the United States) of the Terms and Conditions of the Notes contained in the German Base Prospectus. Any variation,
termination, appointment or change only shall take effect (other than in the case of insolvency (as provided in sub-clause (5)), when it shall be of immediate effect) after not less than 30 nor more than 45 calendar days’ prior notice thereof
shall have been given to the Holders in accordance with the Terms and Conditions. 
 (2) The Agent may (subject as provided in sub-clause
(4)) at any time resign as Agent by giving at least 45 calendar days’ written notice to the Offerors of such intention on its part, specifying the date on which its desired resignation shall become effective, provided that such date shall
never be less than three months after the receipt of such notice by the Offerors unless the Offerors agree to accept less notice. 
 (3) The
Agent may (subject as provided in sub-clause (4)) be removed at any time on at least 45 calendar days’ notice by the filing with it of an instrument in writing signed on behalf of each Offeror, specifying such removal and the date when it
shall become effective. 
 (4) Any resignation under sub-clause (2) or removal under sub-clause (3) shall only take effect upon the
appointment by the Offerors as hereinafter provided, of a successor Agent and (other than in cases of insolvency of the Agent) on the expiration of the notice to be given under Clause 20. The Offerors agree with the Agent that if, by the day falling
ten calendar days before the expiration of any notice under sub-clause (2), the Offerors have not appointed a successor Agent, then the Agent shall be entitled, on behalf of the Offerors, to appoint as a successor Agent in its place a reputable
financial institution of good standing as it may reasonably determine to be capable of performing the duties of the Agent hereunder. 
 (5)
In case at any time the Agent resigns, or is removed, or becomes incapable of acting or is adjudged bankrupt or insolvent, or files a voluntary petition in bankruptcy or makes an assignment for the benefit of its creditors or consents to the
appointment of an administrator, liquidator or administrative or other receiver of all or a substantial part of its property, or admits in writing its inability to pay or meet its debts as they mature or suspends payment thereof, or if any order of
any court is entered approving any petition filed by or against it under the provisions of any applicable bankruptcy or insolvency law or if a receiver of it or of all or a substantial part of its property is appointed or any officer takes charge or
control of it or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, a successor Agent, which shall be a reputable financial institution of good standing, may be appointed by the Offerors by an instrument in
writing filed with the successor Agent. Upon the appointment as aforesaid of a successor Agent and acceptance by the latter of such appointment and (other than in the case of insolvency of the Agent) upon expiration of the notice to be given under
Clause 20, the Agent so superseded shall cease to be the Agent hereunder. 
 (6) Subject to sub-clause (l): 
 (a) the Offerors may, after prior consultation (other than in the case of insolvency of any Paying Agent) with the Agent, terminate the
appointment of any of the Paying Agents at any time; or 
 (b) the Offerors may in respect of the Program, or in respect of
any Series of Securities, if so required by the relevant Stock Exchange or regulatory body, appoint one or more additional Paying Agents by giving to the Agent, and to the relevant Paying Agent, at least 10 calendar days’ notice in writing to
that effect. 
  

 22 

 (7) Subject to sub-clause (l), all or any of the Paying Agents may resign their respective appointments
hereunder at any time by giving the Offerors and the Agent at least 45 calendar days’ written notice to that effect. 
 (8) Upon its
resignation or removal becoming effective, the Agent or the relevant Paying Agent: 
 (a) shall, in the case of the Agent,
forthwith transfer all moneys held by it hereunder and the records referred to in Clause 12(4) to the successor Agent hereunder; and 
 (b) shall be entitled to the payment by the Issuer of its commissions, fees and expenses for the services theretofore rendered hereunder in accordance with the terms of Clause 24. 
 (9) Upon its appointment becoming effective, a successor Agent and any new Paying Agent, without further act, deed or conveyance, shall become vested
with all the authority, rights, powers, trusts, immunities, duties and obligations of its predecessor or, as the case may be, a Paying Agent with like effect as if originally named as Agent or (as the case may be) a Paying Agent hereunder.

  

	 	19.	Merger and Consolidation 

 Any entity into which the
Agent or any Paying Agent may be merged or converted, or any entity with which the Agent or any of the Paying Agents may be consolidated or any entity resulting from any merger, conversion or consolidation to which the Agent or any of the Paying
Agents shall be a party, or any entity to which the Agent or any of the Paying Agents shall sell or otherwise transfer all or substantially all the assets or the corporate trust business of the Agent or any Paying Agent shall, on the date when such
merger, conversion, consolidation or transfer becomes effective and to the extent permitted by any applicable laws, become the successor Agent or, as the case may be, Paying Agent under this Agreement without the execution or filing of any paper or
any further act on the part of the parties hereto, unless otherwise required by the Offerors, and after the said effective date all references in this Agreement to the Agent or, as the case may be, such Paying Agent shall be deemed to be references
to such entity. Written notice of any such merger, conversion, consolidation or transfer forthwith shall be given to the Offerors by the relevant Agent or Paying Agent. 
  

	 	20.	Notification of Changes to Paying Agents 

 Following
receipt of notice of resignation from the Agent or any Paying Agent and forthwith upon appointing a successor Agent or, as the case may be, other Paying Agents or on giving notice to terminate the appointment of any Agent or, as the case may be,
Paying Agent, the Agent (on behalf of and at the expense of the Issuer) shall give or cause to be given not more than 60 calendar days’ nor less than 30 calendar days’ notice thereof to the Holders in accordance with the Terms and
Conditions. 
  

	 	21.	Change of Specified Office 

 If the Agent or any
Paying Agent determines to change its specified office, it shall give to the Offerors and (if applicable) the Agent written notice of such determination giving the address of the new specified office which shall be in the same city and stating the
date on which such change is to take effect, which shall not be less than 45 calendar days thereafter. The Agent (on behalf and at the expense of the Issuer) shall within 15 calendar days of receipt of such notice (unless the appointment of the
Agent or the relevant Paying Agent, as the case may be, is to terminate pursuant to Clause 18 on or prior to the date of such change) give or cause to be given not more than 45 calendar days’ nor less than 30 calendar days’ notice thereof
to the Holders in accordance with the Terms and Conditions. 
  

 23 

	 	22.	Notices 

 All notices hereunder shall be deemed to
have been given when deposited in the mail as first class mail, registered or certified, return receipt requested, or postage prepaid, addressed to any party hereto as follows: 
  

			
	 	  	 Address

	The Issuer:	  	B of A Issuance B.V.
		  	Herengracht 469
		  	1017 BS Amsterdam
		  	The Netherlands
		  	Attn: Armstrong Okobia
		  	Facsimile: 31 20 4214 970
		
	The Guarantor:	  	Bank of America Corporation
		  	Bank of America Corporate Center
		  	NC1-007-07-06
		  	100 North Tryon Street
		  	Charlotte, North Carolina 28255-0065
		  	U.S.A.
		  	Attn: Corporate Treasury – Securities Administration
		  	Facsimile: (704) 386-0270
		
		  	with a copy to:
		
		  	Bank of America Corporation
		  	Legal Department
		  	101 South Tryon Street
		  	NC1-002-29-01
		  	Charlotte, North Carolina 28255
		  	U.S.A.
		  	Attn: General Counsel
		  	Facsimile: (704) 386-1670
		
	The Agent:	  	The Bank of New York
		  	One Canada Square
		  	London
		  	E14 5AL
		  	United Kingdom
		  	Attn: Corporate Trust Administration
		  	Facsimile: 44 20 7964 6399
		
	The Luxembourg Paying	  	The Bank of New York (Luxembourg) S.A.
	Agent/the Luxembourg	  	Aerogolf Center
	Listing Agent	  	1A, Hoehenhof
		  	L-1736 Senningerberg
		  	Luxembourg
		  	Attn: Corporate Trust Administration
		  	Facsimile: 352 46 26 85 804
		
	The German Paying Agent:	  	The Bank of New York
		  	Filiale Frankfurt am Main
		  	Niedenau 61-63
		  	60325 Frankfurt am Main
		  	Germany
		  	Attn: Peter Bun/Veronique Cridel/Pierre Kiffer/Nicolas Klinkeberg/Laurence Laporte and Rudolf Schiffer
		  	Facsimile: +(352) 49 69 172 198

  

 24 

 or at any other address of which any of the foregoing shall have notified the others in writing. 
 (1) if delivered in person to the relevant address specified in the signature pages hereof and if so delivered, shall be deemed to have been delivered at
the time of receipt; or 
 (2) if sent by facsimile or telex to the relevant number specified on the signature pages hereof and, if so sent,
shall be deemed to have been delivered immediately after transmission provided such transmission is confirmed by the answerback of the recipient (in the case of telex) or when an acknowledgment of receipt is received (in the case of facsimile).

 Where a communication is received after business hours it shall be deemed to be received and become effective on the next Business Day. Every
communication shall be irrevocable save in respect of any manifest error therein. 
  

	 	23.	Taxes and Stamp Duties 

 The Issuer agrees to pay
any and all stamp and other documentary taxes or duties which may be payable in connection with the execution, delivery, performance and enforcement of this Agreement. 
  

	 	24.	Commissions, Fees and Expenses 

 (1) The Issuer,
failing whom the Guarantor, undertakes to pay in respect of the services of the Agent, and the Paying Agents under this Agreement such fees and expenses as may be agreed between them from time to time, the initial such fees being set out in a letter
of even date herewith from the Agent to, and countersigned by, the Issuer. 
 (2) The Issuer, failing whom the Guarantor, will promptly pay
on demand all reasonable out-of-pocket expenses (including legal, advertising, facsimile, telex and postage expenses) properly incurred by the Agent, and the Paying Agents in connection with their services hereunder, including, without limitation,
the expenses contemplated in Clause 23. 
  

	 	25.	Indemnity 

 (1) The Issuer undertakes to indemnify
and hold harmless each of the Agent and the Paying Agents against all losses, liabilities, costs (including, without limitation, legal fees and expenses), expenses, claims, actions or demands which the Agent or any Paying Agent, as the case may be,
may reasonably incur or which may be made against the Agent or any Paying Agent, as a result of or in connection with the appointment or the exercise of or performance of the powers, discretions, authorities and duties of the Agent or any Paying
Agent under this Agreement, except such as may result from its own gross negligence, bad faith or failure to comply with its obligations hereunder or that of its officers, employees or agents. 
 (2) Each of the Agent and the Paying Agents shall severally indemnify and hold harmless the Offerors against any loss, liability, costs (including,
without limitation, legal fees and expenses), expense, claim, action or demand which it may reasonably incur or which may be made against it as a result of such Agent’s or Paying Agent’s own negligence, bad faith or material failure to
comply with its obligations under this Agreement or that of its officers, employees or agents. 
 (3) The Agent shall not in any event be
liable for special, indirect, punitive or consequential damages of any kind whatsoever (including loss of business, goodwill, opportunity or profit), whether or not foreseeable, even if the Agent had been advised of the likelihood of such loss or
damage and regardless of whether the claim for loss or damage is made in negligence, for breach of contract or otherwise. 
  

 25 

 (4) If, under any applicable law and whether pursuant to a judgment being made or registered or in the
liquidation, insolvency or analogous process of any party hereto or for any other reason, any payment under or in connection with this Agreement is made or fails to be satisfied in a currency (the “Other Currency”) other than that in which
the relevant payment is expressed to be due (the “Required Currency”) under this Agreement, then, to the extent that the payment (when converted into the Required Currency at the rate of exchange on the date of payment or, if it is not
practicable for the payee to purchase the Required Currency with the Other Currency on the date of payment, at the rate of exchange as soon thereafter as it is practicable for it to do so or, in the case of a liquidation, insolvency or analogous
process, at the rate of exchange on the latest date permitted by applicable law for the determination of liabilities in such liquidation, insolvency or analogous process) actually received by the payee falls short of the amount due under the terms
of this Agreement, the payor shall, as a separate and independent obligation, indemnify and hold harmless the payee against the amount of such shortfall. For the purpose of this Clause 25, “rate of exchange” means the rate at which the
payee is able on the relevant date to purchase the Required Currency with the Other Currency and shall take into account any premium and other costs of exchange. 
 (5) The provisions of this Clause 25 shall survive the termination or expiration of this Agreement and the resignation or removal of the Agent and the Paying Agents. 
  

	 	26.	Reporting 

 (1) The Agent shall upon receipt of a
written request therefor from an Offeror and after the payment of any further remuneration agreed between an Offeror and the Agent (on behalf of such Offeror and on the basis of the information and documentation the Agent had in its possession) use
all reasonable efforts to submit such reports or information as may be required from time to time by any applicable law, regulation or guideline promulgated by (i) any relevant United States governmental regulatory authority in respect of the
issue and purchase of Securities or (ii) any other relevant governmental regulatory authority in respect of the issue and purchase of Securities denominated in the applicable currency of such governmental regulatory authority. 
 (2) The Agent will notify the MoF or other regulatory body of such details relating to Securities payable in Yen or other applicable currency and provide
such other information about the Program to the MoF or other regulatory body as may be required. 
  

	 	27.	Governing Law 

 (1) This Agreement shall be governed
by and construed in accordance with the laws of the State of New York, United States of America, without regard to principles of conflicts of laws. 
 (2) The Offerors and each Agent each hereby irrevocably submit to the non-exclusive jurisdiction of any United States federal court sitting in New York City, the Borough of Manhattan over any suit, action or proceeding arising out of or
related to this Agreement, the Guarantee, any Security, Receipt, Coupon or Talon, as the case may be (together, the “Proceedings”). The Offerors and each Agent each irrevocably waive, to the fullest extent permitted by law, any objection
which it may have to the laying of the venue of the Proceedings brought in such a court and any claim that the Proceedings have been brought in an inconvenient forum. The Offerors and each Agent each agree that final judgment in the Proceedings
brought in such a court shall be conclusive and binding upon the Offerors or the Agent, as the case may be, and may be enforced in any court of the jurisdiction to which the relevant Offeror or the Agent is subject by a suit upon such judgment,
provided that the service of process is effected upon such Offeror and the Agent in the manner specified in subsection (3) below or as otherwise permitted by law. 
 (3) As long as any of the Securities, Receipts, Coupons or Talons remains outstanding, each Offeror shall at all times either maintain an office or have
an authorized agent in New York City upon whom process may be served in the Proceedings. Service of process upon either Offeror at its offices or upon such agent with written notice of such service mailed or delivered to such Offeror shall, to the
fullest extent permitted by law, be deemed in every respect effective service of process upon such Offeror in the Proceedings. Each Offeror hereby appoints CT Corporation System located at 111 Eighth Avenue, New York, New York 10011,
U.S.A., as its agent for such purposes, and covenants and agrees that service of process in the Proceedings may be made upon it at its office or at the specified offices of such agent (or such other addresses or at the offices of any other
authorized agents which such Offeror may designate by written notice to the Agent) and prior to any termination of such agencies for any reason, it will so appoint a successor thereto as agent hereunder. 
  

 26 

	 	28.	Amendments 

 Without the consent of the Holders,
Receiptholders or Couponholders, the Agent and the Offerors may agree to modifications of or amendments to this Agreement, the Securities, the Guarantee, the Receipts or the Coupons solely as set forth in the respective Terms and Conditions.

 Any such modification or amendment shall be binding on the Holders, the Receiptholders and the Couponholders and any such modification or
amendment shall be notified to the Holders, the Receiptholders or the Couponholders in accordance with the respective Terms and Conditions as soon as practicable thereafter. 
  

	 	29.	Descriptive Headings 

 The descriptive headings in
this Agreement are for convenience of reference only and shall not define or limit the provisions hereof. 
  

	 	30.	Counterparts 

 This Agreement may be executed in
any number of counterparts, all of which shall constitute one and the same instrument. Any party may enter into this Agreement by signing such a counterpart. 
  

 27 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their respective
corporate names by their respective officers thereunder duly authorized as of the date and year first above written. 
  

			
	 B OF A ISSUANCE B.V.
 as
Issuer

		
	By	 	 /s/ A. OKOBIA

	Name:	 	A. Okobia
	Title:	 	Managing Director A
		
	By	 	 /s/ BENEDICT WILKINSON

	Name:	 	Benedict Wilkinson
	Title:	 	Managing Director B
	
	 BANK OF AMERICA CORPORATION
 as Guarantor

		
	By	 	 /s/ B. KENNETH BURTON, JR.

	Name:	 	B. Kenneth Burton, Jr.
	Title:	 	Senior Vice President
	
	 THE BANK OF NEW YORK
 as Agent and Principal
Agent

		
	By	 	 /s/ JASON BLONDELL

	Name:	 	Jason Blondell
	Title:	 	Authorised Signatory
	
	 THE BANK OF NEW YORK (LUXEMBOURG) S.A.
 as Paying Agent and Luxembourg Listing Agent

		
	By	 	 /s/ JASON BLONDELL

	Name:	 	Jason Blondell
	Title:	 	Authorised Signatory
	
	 THE BANK OF NEW YORK, FRANKFURT
 as German
Paying Agent

		
	By	 	 /s/ R. SCHIFFER

	Name:	 	R. Schiffer
	Title:	 	Managing Director

 Schedule 1 to 
 Agency Agreement 
 FORM OF THE GERMAN TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
  

 A-1 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS A TEMPORARY GLOBAL [NOTE] [CERTIFICATE] IN BEARER FORM, WITHOUT COUPONS, EXCHANGEABLE FOR A BEARER [NOTE] [CERTIFICATE] IN PERMANENT GLOBAL FORM. THE RIGHTS ATTACHING TO THIS TEMPORARY
GLOBAL [NOTE] [CERTIFICATE], AND THE TERMS AND CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR A PERMANENT GLOBAL [NOTE] [CERTIFICATE], ARE AS SPECIFIED HEREIN AND IN THE TERMS AND CONDITIONS (AS DEFINED HEREIN). 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE]
SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL
BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT
IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]1 
  

	 1
	 [This language is applicable only to Temporary Global [Notes][Certificates] representing [Notes][Certificates] with
maturities of 183 days or less from the date of original issue.] 

  

 A-2 

 VORLÄUFIGE GLOBAL [SCHULDVERSCHREIBUNG] [ZERTIFIKAT] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE: 
 TRANCHE:

 [COMMON CODE:] 
 Diese[s] auf den Inhaber
lautende Global[schuldverschreibung][zertifikat] ist ein[e] Vorläufige[s] Global[schuldverschreibung][zertifikat] (die [das] “Global[schuldverschreibung][zertifikat]”) ohne Zinskupon, die die von der B of A Issuance B.V., eine
unter niederländischem Recht eingetragene Personengesellschaft mit beschränkter Haftung (besloten vennootschap met beperkte aansprakelijkheid) mit Sitz in Amsterdam, Niederlande (die “Emittentin”), ausgegebenen
[Schuldverschreibungen] [Zertifikate] (die “[Schuldverschreibungen] [Zertifikate]”) verbrieft. Für die [Schuldverschreibungen] [Zertifikate] gelten die [dieser] [diesem] Global[schuldverschreibung][zertifikat] als Anlage
beigefügten konsolidierten Bedingungen (“Konsolidierte Bedingungen”). Die hierin verwendeten Begriffe und Ausdrücke haben die gleiche Bedeutung wie in den Konsolidierten Bedingungen. 
 Die Emittentin verpflichtet sich, nach Maßgabe der Konsolidierten Bedingungen an den Inhaber einer[s] Global[schuldverschreibung][zertifikats] die
hierauf nach den Konsolidierten Bedingungen zahlbaren Beträge zu zahlen bzw. zu liefernde Werte zu liefern. 
 Gemäß der von
der Bank of America Corporation (die “Garantin”) unterzeichneten Garantieerklärung werden die hierunter fallenden Auszahlungen von der Garantin garantiert. 
 Vor dem Austauschtag (wie unten definiert) erfolgen Zahlungen auf [diese] [dieses] Global[schuldverschreibung][zertifikat] (ggf.) nur an den Inhaber
derselben, sofern dem Principal Agent von Clearstream Banking AG, Frankfurt am Main (das “Clearstream, Frankfurt”), ein Zertifikat vorgelegt wird, das im wesentlichen der in Anhang 2 zu [dieser] [diesem]
Global[schuldverschreibung][zertifikat] festgelegten Form entspricht, darüber, dass es von der oder in Bezug auf eine Person, der ein bestimmter Kapitalbetrag der [Schuldverschreibungen][Zertifikate] zusteht (wie aus seinen Unterlagen
hervorgeht), ein Zertifikat erhalten hat, das der oder im wesentlichen der in Anhang 3 zu [dieser] [diesem] Global[schuldverschreibung][zertifikat] festgelegten Form entspricht. Zahlungen oder Lieferungen, die in Bezug auf derzeit durch [diese]
[dieses] Global[schuldverschreibung][zertifikat] verbriefte [Schuldverschreibungen][Zertifikate] fällig sind, erfolgen an den Inhaber [dieser] [diesem] Global[schuldverschreibung][zertifikat], und jede auf diese Weise erfolgte Zahlung stellt
eine Erfüllung der Verpflichtungen der Emittentin diesbezüglich dar. Nach dem Austauschtag hat der Inhaber [dieser] [dieses] Global[schuldverschreibung][zertifikat] keinen Anspruch auf Zinszahlungen hierauf. 
 An oder nach dem Austauschtag (wie unten definiert) kann [diese] [dieses] Global[schuldverschreibung][zertifikat] ganz oder teilweise (kostenlos) gegen
ein[e] Dauerglobal[schuldverschreibung][zertifikat] ausgetauscht werden, die in beiden Fällen der oder im wesentlichen der in Anhang 4 zu [dieser] [diesem] Global[schuldverschreibung][zertifikat] festgelegten Form entspricht (nebst den damit
verbundenen Bedingungen), jeweils nach Benachrichtigung durch ein Maßgebliches Clearingsystem, das auf Anweisungen eines Inhabers eines Anteils an [dieser] [diesem] Global[schuldverschreibung][zertifikat] handelt, oder sie kann in bestimmten
beschränkten Fällen gegen Effektive [Schuldverschreibungen][Zertifikate] mit Sicherheitsdruck und (ggf.) Kupons, Empfangsscheine und/oder Erneuerungsscheine und vorbehaltlich der in den Bedingungen festgelegten Mitteilungsfrist
ausgetauscht werden. Der “Austauschtag” für [diese] [dieses] Global[schuldverschreibung][zertifikat] ist normalerweise der 40. Tag nach dem Tag, an dem die Emittentin die Erlöse aus dem Verkauf der
Globalschuldverschreibung erhält, oder nach dem Ausgabetag (closing date) für [diese] [dieses] Global[schuldverschreibung][zertifikat], je nach dem welches Ereignis später eintritt. Wenn jedoch die Emittentin, ein Händler
oder eine Vertriebsstelle, wie in der Treasury Regulation Sec. 1.163-5(c)(2)(i)(D)(4) definiert, eine durch [diese] [dieses] Global[schuldverschreibung][zertifikat] verbriefte Schuldverschreibung als Teil einer nicht verkauften Zuteilung oder
Zeichnung für mehr als 40 Tage nach dem Tag hält, an dem die Emittentin die Erlöse aus dem Verkauf der [Schuldverschreibungen] [Zertifikate] erhält, oder nach dem Ausgabetag der [Schuldverschreibungen][Zertifikate], je nach dem
welches Ereignis später eintritt, ist der Austauschtag in Bezug auf diese [Schuldverschreibungen][Zertifikate] der Tag nach dem Tag, an dem die Emittentin, der Händler oder die Vertriebsstelle diese [Schuldverschreibungen] [Zertifikate]
verkauft. 
  

 A-3 

 Diese[s] Global[schuldverschreibung][zertifikat] wird gemäß den Konsolidierten Bedingungen
gegen Definitive [Schuldverschreibungen] [Zertifikate] ausgetauscht. Die Global[schuldverschreibungen][zertifikate] können durch den Inhaber an einem beliebigen Tag (außer an einem Samstag oder Sonntag) umgetauscht werden, an dem
Banken für den Geschäftsverkehr in Frankfurt geöffnet sind. Die Emittentin sorgt dafür, dass Effektive [Schuldverschreibungen][Zertifikate] und Anteile an der/dem Dauerglobal[schuldverschreibung][zertifikat] nur im Austausch
gegen das Verhältnis dieser/dieses Global[schuldverschreibung][zertifikats] ausgegeben, geliefert und in den Aufzeichnungen von Clearstream Frankfurt eingetragen werden, für das der Principal Agent von Clearstream Frankfurt ein Zertifikat
überreicht wurde, das im wesentlichen in der in Anhang 2 dieser/dieses Global[schuldverschreibung][zertifikats] festgelegten Form entspricht, darüber, dass sie von der oder in Bezug auf eine Person, der ein wirtschaftlicher Anteil eines
bestimmten Kapitalbetrages der [Schuldverschreibungen][Zertifikate] zusteht (wie aus ihren Unterlagen hervorgeht), ein Zertifikat erhalten hat, das der oder im wesentlichen der in Anhang 3 zu dieser/diesem Global[schuldverschreibung][zertifikat]
festgelegten Form des Zertifikats entspricht, sofern dieses Zertifikat nicht bereits in Übereinstimmung mit den oben genannten Bestimmungen übergeben wurde. Der Gesamtkapitalbetrag von Anteilen an
Dauerglobal[schuldverschreibungen][zertifikaten], die nach dem Austausch der Global[schuldverschreibungen][zertifikate] vorbehaltlich den Bedingungen dieses Dokuments ausgegeben werden, entspricht dem Gesamtkapitalbetrag der vom Inhaber für den
Austausch eingereichten Global[schuldverschreibungen][zertifikate] (soweit dieser Kapitalbetrag nicht den Gesamtkapitalbetrag der Global[schuldverschreibungen][zertifikate] übersteigt). 
 Bei der Rückzahlung, Zahlung eines Teilbetrages, Lieferung oder dem Kauf und der Kraftloserklärung von durch die/das
Global[schuldverschreibung][zertifikat] verbrieften [Schuldverschreibungen] [Zertifikaten], hat die Emittentin die anteilige Eintragung von Angaben zu der Rückzahlung, Zahlung, Lieferung oder dem Kauf (bzw.) der Kraftloserklärung in den
Aufzeichnungen von Clearstream Frankfurt zu veranlassen und, nachdem eine solche Eintragung erfolgt ist, den in den Aufzeichnungen von Clearstream Frankfurt eingetragenen Nominalbetrag der durch die/das Global[schuldverschreibung][zertifikat]
verbrieften [Schuldverschreibungen][Zertifikate] um den Kapitalbetrag der auf diese Weise zurückgezahlten oder gekauften oder für Kraftlos erklärten [Schuldverschreibungen][Zertifikate] oder um den Betrag einer auf diese Weise
gezahlten Rate zu reduzieren. 
 Bei Austausch in Höhe des ausstehenden Gesamtnennbetrages ist die [das]
Global[schuldverschreibung][zertifikat] dem Principal Agent auszuhändigen. 
 Die Höhe des Nominalbetrages der
Global[schuldverschreibungen][zertifikate] (die “[Schuldverschreibungen] [Zertifikate]” entspricht dem jeweiligen Stand der anwendbaren aktuellen EDV-Dokumentation der Clearstream, Frankfurt. Die Dokumentation bei Clearstream,
Frankfurt gilt als unwiderlegbarer Beweis für die Höhe des Nominalbetrags der [Schuldverschreibungen] [Zertifikate]. 
 Die [Das]
Vorläufige[s] Global[schuldverschreibung][zertifikat] unterliegt dem Recht der Bundesrepublik Deutschland. 
 Diese[s]
Vorläufige[s] Global[schuldverschreibung][zertifikat] wird in jeder Hinsicht erst wirksam und bindend, wenn sie mit einer Kontrollunterschrift durch oder im Namen der deutschen Zahlstelle versehen worden ist. 
 [ l Emissionsmonat] 2007/2008 
  

			
	 B OF A ISSUANCE B.V.

		
	Durch:	 	  

	Geschäftsführer A
		
	Durch:	 	  

	Geschäftsführer B

  

 A-4 

 KONTROLLUNTERSCHRIFT 
  

			
	 THE BANK OF NEW YORK, FILIALE FRANKFURT AM MAIN

	Als deutsche Zahlstelle

			
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zweck der Beglaubigung

  

 A-5 

 Anhang 1 zur 
 Vorläufigen Global[schuldverschreibung] [Zertifikat] 
 Konsolidierte Bedingungen 
  

 A-6 

 Anhang 2 zur  
 Vorläufigen Global[schuldverschreibung] [Zertifikat] 
 FORM OF CERTIFICATE TO BE PRESENTED

 BY CLEARSTREAM, FRANKFURT 
 B OF
A ISSUANCE B.V. 
 (the “Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche
No. [    ] 
 (the “Securities”) 
 This is to certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organizations appearing in our records as persons being entitled to a
portion of the principal or notional amount set forth below (our “Member Organizations”) substantially to the effect set forth in the Temporary Global [Note] [Certificate], as of the date hereof, [EUR]
[USD]             principal or notional amount of the above-captioned Securities (i) is owned by persons that are not citizens or residents of the United States, domestic
partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation regardless of its source or any trust with respect to which a court within the United States is able to exercise primary
supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into
account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) is owned by U.S. persons that (a) are foreign branches of United States financial institutions (as defined in U.S.
Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who
hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution has agreed, on its own behalf or through its agent, that we may advise the
Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States
or foreign financial institutions for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions
described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United
States or its possessions. Any such certification by electronic transmission satisfies the requirements set forth in U.S. Treasury Regulation Section 1.163-5(c)(2)(i)(D)(3)(ii). We will retain all certificates received from Member Organizations
for the period specified in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(3)(i). 
 As used herein, “United States”
means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify with respect to such principal amount of Securities set forth above that, except as set forth below, we have received in writing, by tested telex or by electronic transmission, from our Member Organizations entitled to a
portion of such principal amount, certifications with respect to such portion substantially to the effect set forth in the Temporary Global [Note] [Certificate]. 
 We further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global Security excepted in such
certifications and (ii) that as of the date hereof we have not received any notification from any of our Member Organizations to 

  

 A-7 

 
the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant,
exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as of the date hereof. 
 We understand
that this certification is required in connection with certain tax laws and certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this
certification is or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such proceedings. 
 Dated
             , [20    ]2 
  

			
	Yours faithfully,
	
	[Clearstream Banking AG, Frankfurt am Main
		
	By:	 	  

  

	2	To be dated no earlier than date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date. 

  

 A-8 

 Anhang 3 zur  
 Vorläufigen Global[schuldverschreibung] [Zertifikat] 
 FORM OF CERTIFICATE OF BENEFICIAL OWNER

 B OF A ISSUANCE B.V. 
 (the
“Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ] 
 (the
“Securities”) 
 This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held
by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation
regardless of its source or any trust with respect to which a court within the United States is able to exercise primary supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions
or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) are
owned by U.S. person(s) that (a) are foreign branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or
for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b),
each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the Restricted Period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) this
is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United States or its possessions. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify that, except as set forth below in the case of debt securities, the Securities are beneficially owned by (a) non-U.S. person(s) or (b) U.S. person(s) who purchase the Securities in transactions which did not require
registration under the Act. As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act. 
 As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake
Island and the Northern Mariana Islands. 
 We undertake to advise you promptly by facsimile on or prior to the date on which you intend to
submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date. 
 This certification excepts and does not relate to [    ] of
such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of Definitive Securities (or, if relevant, exercise of any right or collection of any interest) cannot be made
until we do so certify. 
  

 A-9 

 We understand that this certification is required in connection with certain tax laws and certain
securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this
certification to any interested party in such proceedings. 
 Dated:             ,
20    1 
  

			
	By:	 	  

		 	 As, or as agent for, the beneficial owner(s) of the
 Securities to which this certification relates.

	 

  

	1	To be dated no earlier than the fifteenth day prior to the date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date.

  

 A-10 

 Anhang 4 zur  
 Vorläufigen Global[schuldverschreibung] [Zertifikat] 
 Dauerglobal[schuldverschreibung][zertifikat] 

 

 A-11 

 Schedule 1 to  
 Agency Agreement 
 FORM OF THE GERMAN TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
 CONVENIENCE TRANSLATION OF THE FORM OF THE GERMAN TEMPORARY GLOBAL [NOTE] 
 [CERTIFICATE] 
  

 A-12 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS A TEMPORARY GLOBAL [NOTE] [CERTIFICATE] IN BEARER FORM, WITHOUT COUPONS, EXCHANGEABLE FOR A BEARER [NOTE] [CERTIFICATE] IN PERMANENT GLOBAL FORM. THE RIGHTS ATTACHING TO THIS TEMPORARY
GLOBAL [NOTE] [CERTIFICATE], AND THE TERMS AND CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR A PERMANENT GLOBAL [NOTE] [CERTIFICATE], ARE AS SPECIFIED HEREIN AND IN THE TERMS AND CONDITIONS (AS DEFINED HEREIN). 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE]
SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL
BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT
IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]2 
  

	 2
	 [This language is applicable only to Temporary Global [Notes][Certificates] representing [Notes][Certificates] with
maturities of 183 days or less from the date of original issue.] 

  

 A-13 

 B OF A ISSUANCE B.V. 
 TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 This Global [Note] [Certificate] is a Temporary Global [Note] [Certificate] (the “Global [Note] [Certificate]”) in bearer form without
interest coupons in respect of the [Note] [Certificate]s (the “[Note] [Certificate]s”) issued by B of A Issuance B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid)
incorporated under the laws of The Netherlands with its corporate seat in Amsterdam, The Netherlands (the “Issuer”) described, and having the provisions specified, in the consolidated terms and conditions (the “Terms and
Conditions”), which provisions are incorporated herein. Words and expressions defined or set out in the Terms and Conditions shall bear the same meaning when used herein. 
 The Issuer, subject to and in accordance with the Terms and Conditions, promises to pay or deliver to the bearer hereof any sums payable or amount
deliverable in respect thereof under the Terms and Conditions. 
 Payment hereunder is guaranteed by Bank of America Corporation (the
“Guarantor”), as set forth in the Guarantee Agreement executed by the Guarantor. 
 The nominal amount of [Note]
[Certificate]s represented by this Global [Note] [Certificate] shall be the aggregate amount from time to time entered in the records of Clearstream, Frankfurt (as defined below). The records of Clearstream, Frankfurt shall be conclusive evidence of
the nominal amount of [Note] [Certificate]s represented by this Global [Note] [Certificate]. 
 Prior to the Exchange Date (as defined
below), all payments (if any) on this Global [Note] [Certificate] will only be made to the bearer hereof to the extent that there is presented to the Agent by Clearstream Banking AG, Frankfurt am Main (the “Clearstream, Frankfurt”),
a certificate, substantially in the form set out in Schedule 2 to this Global [Note] [Certificate], to the effect that it has received from or in respect of a person entitled to a particular principal amount of the [Note] [Certificate]s (as shown by
its records) a certificate in or substantially in the form of the certificate as set out in Schedule 3 to this Global [Note] [Certificate]. Payments or deliveries due in respect of [Note] [Certificate]s for the time being represented by this Global
[Note] [Certificate] shall be made to the bearer of this Global [Note] [Certificate] and each payment so made will discharge the Issuer’s obligations in respect thereof. After the Exchange Date, the bearer of this Global [Note] [Certificate]
will not be entitled to receive any payment of interest hereon. 
 On or after the Exchange Date (as defined below) this Global [Note]
[Certificate] may be exchanged in whole or in part (free of charge) for a permanent Global [Note] [Certificate], which, in either case, is in or substantially in the form set out in Schedule 4 to this Global [Note] [Certificate] (together with the
Terms and Conditions attached to it), in each case upon notice being given by Clearstream, Frankfurt acting on the instructions of any Holder of an interest in this Global [Note] [Certificate] or, under certain limited circumstances, security
printed Definitive [Note] [Certificate]s and (if applicable) Coupons, Receipts and/or Talons and subject to such notice period as is specified in the Terms and Conditions. The “Exchange Date” for this Global [Note] [Certificate]
will normally be the 40th day after the later of the date on which the Issuer receives the proceeds of the sale of the Global [Note] [Certificate] and the closing date for the Global [Note] [Certificate]. However, if the Issuer, a Dealer or any
distributor, as defined in Treasury Regulation Sec. 1.163-5(c)(2)(i)(D)(4), holds a [Note] [Certificate] represented by this Global [Note] [Certificate] as part of an unsold allotment or subscription for more than 40 days after the later of the date
on which the Issuer receives the proceeds of the sale of the [Notes] [Certificates] and the closing date for the [Notes] [Certificates], the Exchange Date with respect to such [Notes] [Certificates] will be the day after the date on which the
Issuer, Dealer or distributor sells such [Notes] [Certificates]. 
  

 A-14 

 This Global [Note] [Certificate] shall be exchanged for a Definitive Global [Note] [Certificate] in
accordance with the Terms and Conditions. 
 This Global [Note] [Certificate] may be exchanged by the bearer hereof on any day (other
than a Saturday or Sunday) on which banks are open for business in London, England, in accordance with the Terms and Conditions. The Issuer shall procure that Definitive [Note] [Certificate]s and interests in the Permanent Global
[Note] [Certificate] shall be so issued and delivered and recorded in the records of Clearstream, Frankfurt in exchange for only that portion of this Global [Note] [Certificate] in respect of which there shall have been presented to the
Agent by Clearstream, Frankfurt a certificate, substantially in the form set out in Schedule 2 to this Global [Note] [Certificate], to the effect that it has received from or in respect of a person entitled to a beneficial interest in a
particular principal amount of the [Note] [Certificate]s (as shown by its records) a certificate from such person in or substantially in the form of the certificate set out in Schedule 3 to this Global [Note] [Certificate], unless such
certificate has already been given in accordance with the above provisions. The aggregate principal amount of interests in a Permanent Global [Note] [Certificate] issued upon an exchange of this Global [Note] [Certificate] subject to the
terms hereof, will be equal to the aggregate principal amount of this Global [Note] [Certificate] submitted by the bearer hereof for exchange (to the extent that such principal amount does not exceed the aggregate principal amount of this
Global [Note] [Certificate]). 
 On any redemption, payment of an Installment Amount, delivery or purchase and cancellation of any of
the [Note] [Certificate]s represented by this Global [Note] [Certificate], the Issuer shall procure that details of such redemption, payment, delivery or purchase and cancellation (as the case may be) shall be entered pro rata in the
records of Clearstream, Frankfurt and, upon any such entry being made, the nominal amount of the [Note] [Certificate]s recorded in the records of Clearstream, Frankfurt and represented by this Global [Note] [Certificate] shall be reduced
by the principal amount of the [Note] [Certificate]s so redeemed or purchased and cancelled or by the amount of such installment so paid. 
 Upon the exchange of the outstanding principal amount of this Global [Note] [Certificate], it shall be surrendered to the Principal Agent. 
 This Temporary Global [Note] [Certificate] shall be governed by, and construed in accordance with the laws of Germany. 
 This
Temporary Global [Note] [Certificate] shall not become valid or obligatory for any purpose until the certificate of authentication hereon shall have been duly signed by or on behalf of the German Paying Agent. 
  

 A-15 

 [ l issue month] 2007/2008 
  

			
	 B OF A ISSUANCE B.V.

		
	By:	 	  

	Managing Director A
		
	By:	 	  

	Managing Director B

 CERTIFICATE OF AUTHENTICATION 
  

			
	THE BANK OF NEW YORK, FILIALE FRANKFURT AM MAIN
	As German Paying Agent
		
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of authentication only.

  

 A-16 

 Schedule 1 to the  
 Temporary Global [Note] [Certificate]  
 Consolidated Terms and Conditions 
  

 A-17 

 Schedule 2 to the  
 Temporary Global [Note] [Certificate] 
 FORM OF CERTIFICATE TO BE PRESENTED 
 BY CLEARSTREAM, FRANKFURT 
 B OF A ISSUANCE
B.V. 
 (the “Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ]

 (the “Securities”) 
 This is to certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organizations appearing in our records as persons being entitled to a portion of the principal or
notional amount set forth below (our “Member Organizations”) substantially to the effect set forth in the Temporary Global [Note] [Certificate], as of the date hereof,
[EUR][USD]             principal or notional amount of the above-captioned Securities (i) is owned by persons that are not citizens or residents of the United States, domestic
partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation regardless of its source or any trust with respect to which a court within the United States is able to exercise primary
supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into
account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) is owned by U.S. persons that (a) are foreign branches of United States financial institutions (as defined in U.S.
Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who
hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution has agreed, on its own behalf or through its agent, that we may advise the
Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States
or foreign financial institutions for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions
described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United
States or its possessions. Any such certification by electronic transmission satisfies the requirements set forth in U.S. Treasury Regulation Section 1.163-5(c)(2)(i)(D)(3)(ii). We will retain all certificates received from Member Organizations
for the period specified in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(3)(i). 
 As used herein, “United States”
means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify with respect to such principal amount of Securities set forth above that, except as set forth below, we have received in writing, by tested telex or by electronic transmission, from our Member Organizations entitled to a
portion of such principal amount, certifications with respect to such portion, substantially to the effect set forth in the Temporary Global [Note] [Certificate]. 
 We further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global Security excepted in such
certifications and (ii) that as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted
herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as of the date hereof. 
  

 A-18 

 We understand that this certification is required in connection with certain tax laws and certain
securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this
certification to any interested party in such proceedings. 
 Dated ,            
[20    ]3 
  

			
	 Yours faithfully,

	
	[Clearstream Banking AG, Frankfurt am Main
		
	By:	 	  

  

	3	To be dated no earlier than date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date. 

  

 A-19 

 Schedule 3 to the  
 Temporary Global [Note] [Certificate] 
 FORM OF CERTIFICATE OF BENEFICIAL OWNER 
 B OF A ISSUANCE B.V. 
 (the “Issuer”)

 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ] 
 (the
“Securities”) 
 This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held
by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation
regardless of its source or any trust with respect to which a court within the United States is able to exercise primary supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions
or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) are
owned by U.S. person(s) that (a) are foreign branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or
for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b),
each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the Restricted Period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) this
is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United States or its possessions. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify that, except as set forth below in the case of debt securities, the Securities are beneficially owned by (a) non-U.S. person(s) or (b) U.S. person(s) who purchase the Securities in transactions which did not require
registration under the Act. As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act. 
 As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake
Island and the Northern Mariana Islands. 
 We undertake to advise you promptly by facsimile on or prior to the date on which you intend to
submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date. 
 This certification excepts and does not relate to [    ] of
such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of Definitive Securities (or, if relevant, exercise of any right or collection of any interest) cannot be made
until we do so certify. 
  

 A-20 

 We understand that this certification is required in connection with certain tax laws and certain
securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this
certification to any interested party in such proceedings. 
 Dated:             ,
20    1 
  

			
	 By:
	 	  

		 	As, or as agent for, the beneficial owner(s) of the Securities to which this certification relates.

  

	1	To be dated no earlier than the fifteenth day prior to the date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date.

  

 A-21 

 Schedule 4 to the 
 Temporary Global [Note] [Certificate] 
 Permanent Global [Note] [Certificate] 
  

 A-22 

 Schedule 2 to 
 Agency Agreement 
 FORM OF THE GERMAN PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
  

 A-23 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF BY ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY
OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS BEARER [NOTE] [CERTIFICATE] SHALL BE ENTITLED TO RECEIVE PAYMENT OF
INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE
UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS
OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON
BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]2 
  

	 2
	 [This language is applicable only to Permanent Global [Notes] [Certificates] representing [Notes] [Certificates] with
maturities of 183 days or less from the date of original issue.] 

  

 A-24 

 ENDGÜLTIGE GLOBAL [SCHULDVERSCHREIBUNG] [ZERTIFIKAT] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE: 
 TRANCHE:

 [COMMON CODE:] 
 Diese[s] auf den Inhaber
lautende Global[schuldverschreibung][zertifikat] ist ein[e] Endgültige[s] Global[schuldverschreibung][zertifikat] (die [das] “Global[schuldverschreibung][zertifikat]”) ohne Zinskupon, die die von der B of A Issuance B.V., eine
unter niederländischem Recht eingetragene Personengesellschaft mit beschränkter Haftung (besloten vennootschap met beperkte aansprakelijkheid) mit Sitz in Amsterdam, Niederlande (die “Emittentin”), ausgegebenen
[Schuldverschreibungen] [Zertifikate] (die “[Schuldverschreibungen] [Zertifikate]”) verbrieft. Für die [Schuldverschreibungen] [Zertifikate] gelten die [dieser] [diesem] Global[schuldverschreibung][zertifikat] als Anlage
beigefügten konsolidierten Bedingungen (“Konsolidierte Bedingungen”). Die hierin verwendeten Begriffe und Ausdrücke haben die gleiche Bedeutung wie in den Konsolidierten Bedingungen. 
 Die Emittentin verpflichtet sich, nach Maßgabe der Konsolidierten Bedingungen an den Inhaber einer[s] Global[schuldverschreibung][zertifikats] die
hierauf nach den Konsolidierten Bedingungen zahlbaren Beträge zu zahlen bzw. zu liefernde Werte zu liefern. 
 Gemäß der von
der Bank of America Corporation (die “Garantin”) unterzeichneten Garantieerklärung werden die hierunter fallenden Auszahlungen von der Garantin garantiert. 
 Diese[s] Global[schuldverschreibung][zertifikat] wird gemäß den Konsolidierten Bedingungen gegen Effektive
[Schuldverschreibungen][Zertifikate] mit Sicherheitsdruck und (ggf.) gegen Kupons, Empfangsscheine und/oder Erneuerungsscheine ausgetauscht (auf der Grundlage, dass auf der Vorderseite dieser Effektiven [Schuldverschreibungen] [Zertifikate] und
(ggf.) Kupons, Empfangsscheine und/oder Erneuerungsscheine alle entsprechenden Angaben enthalten sind und die Konsolidierten Bedingungen in diese Effektiven [Schuldverschreibungen] [Zertifikate] einbezogen wurden). Vorbehaltlich des
Voranstehenden und vorbehaltlich dessen, dass der Principal Agent mindestens 60 Tage vor dem Austauschtag (wie in den Konsolidierten Bedingungen definiert) von Clearstream Frankfurt, das auf Anweisungen eines Inhaber von Anteilen an [der] [dem]
Global[schuldverschreibung][zertifkat] handelt, benachrichtigt wurde, erfolgt dieser Austausch nach Vorlage diese[r][s] Global[schuldverschreibung][zertifkat] durch den Inhaber bei der oben genannten Geschäftsstelle des Principal Agents an
einem beliebigen Tag (außer an einem Samstag oder Sonntag), an dem Banken in Frankfurt für den Geschäftsverkehr geöffnet sind. Der Gesamtkapitalbetrag der Effektiven [Schuldverschreibungen] [Zertifikate], die nach dem
Austausch der [Schuldverschreibungen][Zertifikate] ausgegeben werden, entspricht dem Gesamtkapitalbetrag der vom Inhaber für den Austausch eingereichten Global[schuldverschreibungen][zertifikate] (soweit dieser Kapitalbetrag nicht den
Gesamtkapitalbetrag der Global[schuldverschreibungen][zertifikate] übersteigt, der in den Aufzeichnungen von Clearstream, Frankfurt verzeichnet ist). 
 Bei Austausch in Höhe des ausstehenden Gesamtnennbetrages ist die [das] Global[schuldverschreibung] [zertifikat] der Zahlstelle auszuhändigen. 
 Die Höhe des Nominalbetrages der Global[schuldverschreibungen][zertifikate] (die “[Schuldverschreibungen] [Zertifikate]” entspricht
dem jeweiligen Stand der anwendbaren aktuellen EDV-Dokumentation der Clearstream Banking AG, Frankfurt am Main (das “Clearing System”). Die Dokumentation beim Clearing System gilt als unwiderlegbarer Beweis für die Höhe
des Nominalbetrags der [Schuldverschreibungen] [Zertifikate]. 
 Die [Das] Endgültige[s] Global[schuldverschreibung][zertifikat]
unterliegt dem Recht der Bundesrepublik Deutschland. 
  

 A-25 

 Diese[s] Endgültige[s] Global[schuldverschreibung][zertifikat] wird in jeder Hinsicht erst wirksam
und bindend, wenn sie mit einer Kontrollunterschrift durch oder im Namen der deutschen Zahlstelle versehen worden ist. 
 [ l
 Emissionsmonat] 2007/2008 
  

			
	 B OF A ISSUANCE B.V.

		
	Durch:	 	  

	Geschäftsführer A
		
	Durch:	 	  

	Geschäftsführer B

 KONTROLLUNTERSCHRIFT 
  

			
	THE BANK OF NEW YORK, FILIALE FRANKFURT AM MAIN
	Als deutsche Zahlstelle
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zweck der Beglaubigung

  

 A-26 

 Schedule 2 to  
 Agency Agreement 
 FORM OF THE GERMAN PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
 CONVENIENCE TRANSLATION OF THE FORM OF THE GERMAN PERMANENT GLOBAL [NOTE] 
 [CERTIFICATE] 
  

 A-27 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF BY ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY
OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS BEARER [NOTE] [CERTIFICATE] SHALL BE ENTITLED TO RECEIVE PAYMENT OF
INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE
UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS
OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON
BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]3 
  

	3	This language is applicable only to Permanent Global [Notes] [Certificates] representing [Notes] [Certificates] with maturities of 183 days or less from the date of original issue.]

  

 A-28 

 B OF A ISSUANCE B.V. 
 PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 This Global [Note] [Certificate] is a Permanent Global [Note] [Certificate] (the “Global [Note] [Certificate]”) in bearer form without
interest coupons in respect of [Note] [Certificate]s (the “[Note] [Certificate]s”) issued by B of A Issuance B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under
the laws of The Netherlands with its corporate seat in Amsterdam, The Netherlands (the “Issuer”) described, and having the provisions specified, in the consolidated terms and conditions (the “Terms and Conditions”), which
provisions are incorporated herein. Words and expressions defined or set out in the Terms and Conditions shall bear the same meaning when used herein. 
 The Issuer, subject to and in accordance with the Terms and Conditions, promises to pay or deliver to the bearer hereof any sums payable or amount deliverable in respect thereof under the Terms and Conditions.

 Payment hereunder is guaranteed by Bank of America Corporation (the “Guarantor”), as set forth in the Guarantee Agreement
executed by the Guarantor. 
 This Global [Note] [Certificate] shall be exchanged for security-printed Definitive
[Notes] [Certificates], under the circumstances and in accordance with the Terms and Conditions, and (if applicable) Coupons, Receipts and/or Talons (on the basis that all the appropriate details have been included on the face of such
Definitive [Notes] [Certificates] and (if applicable) Coupons, Receipts and/or Talon and the Terms and Conditions have been incorporated on such Definitive [Notes] [Certificates]). Subject as aforesaid and to at least 60 calendar
days’ written notice expiring after the Exchange Date (as defined in the Temporary Global [Note] [Certificate] referred to above) being given to the Agent by Clearstream, Frankfurt, acting on the instructions of any Holder of an interest
in the Global [Note][Certificate], this exchange will be made upon presentation of this Global [Note] [Certificate] by the bearer hereof on any day (other than a Saturday or Sunday) on which banks are open for business in Frankfurt at the
office of the Agent specified above. The aggregate principal amount of Definitive [Notes] [Certificates] issued upon an exchange of this Global [Note] [Certificate] will be equal to the aggregate principal amount of this Global
[Note] [Certificate] submitted by the bearer hereof for exchange (to the extent that such principal amount does not exceed the aggregate principal amount of this Global [Note] [Certificate] entered in the records of Clearstream, Frankfurt.

 Upon the exchange of the outstanding principal amount of this Global [Note] [Certificate], it shall be surrendered to the Principal Agent.

 The nominal amount of [Note] [Certificate]s represented by this Global [Note] [Certificate] shall be the aggregate amount from time to
time entered in the records of Clearstream Banking AG, Frankfurt am Main (the “Clearing System”). The records of the Clearing System shall be conclusive evidence of the nominal amount of [Note] [Certificate]s represented by this Global
[Note] [Certificate]. 
 This Permanent Global [Note] [Certificate] shall be governed by, and construed in accordance with the laws of
Germany. 
 This Permanent Global [Note] [Certificate] shall not become valid or obligatory for any purpose until the certificate of
authentication hereon shall have been duly signed by or on behalf of the German Paying Agent. 
  

 A-29 

 [ l issue month] 2007/2008 
  

			
	 B OF A ISSUANCE B.V.

		
	By:	 	  

	Managing Director A
		
	By:	 	  

	Managing Director B

 CERTIFICATE OF AUTHENTICATION 
  

			
	THE BANK OF NEW YORK, FILIALE FRANKFURT AM MAIN
	As German Paying Agent
		
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of authentication only.

  

 A-31 

 Schedule 3 to 
 Agency Agreement 
 FORM OF THE TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
  

 A-32 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS A TEMPORARY GLOBAL [NOTE] [CERTIFICATE] IN BEARER FORM, WITHOUT COUPONS, EXCHANGEABLE FOR A BEARER [NOTE] [CERTIFICATE] IN PERMANENT GLOBAL FORM. THE RIGHTS ATTACHING TO THIS TEMPORARY
GLOBAL [NOTE] [CERTIFICATE], AND THE TERMS AND CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR A PERMANENT GLOBAL [NOTE] [CERTIFICATE], ARE AS SPECIFIED HEREIN AND IN THE TERMS AND CONDITIONS (AS DEFINED BELOW). 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE]
SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL
BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT
IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]4 
  

	 4
	 [This language is applicable only to Temporary Global [Notes][Certificates] representing [Notes][Certificates] with
maturities of 183 days or less from the date of original issue.] 

  

 A-33 

 B OF A ISSUANCE B.V. 
 TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 Diese[s] auf den Inhaber lautende Global[schuldverschreibung][zertifikat] ist ein[e] Vorläufige[s] Global[schuldverschreibung][zertifikat] (die
[das] “Global[schuldverschreibung][zertifikat]”) ohne Zinskupon, die die von der B of A Issuance B.V., eine unter niederländischem Recht eingetragene Personengesellschaft mit beschränkter Haftung (besloten vennootschap
met beperkte aansprakelijkheid) mit Sitz in Amsterdam, Niederlande (die “Emittentin”), ausgegebenen [Schuldverschreibungen] [Zertifikate] (die “[Schuldverschreibungen] [Zertifikate]”) verbrieft. Für
die [Schuldverschreibungen] [Zertifikate] gelten die [dieser] [diesem] Global[schuldverschreibung][zertifikat] als Anlage beigefügten konsolidierten Bedingungen (“Konsolidierte Bedingungen”). Die hierin verwendeten Begriffe und
Ausdrücke haben die gleiche Bedeutung wie in den Konsolidierten Bedingungen. 
 Die Emittentin verpflichtet sich, nach Maßgabe der
Konsolidierten Bedingungen an den Inhaber einer[s] Global[schuldverschreibung][zertifikats] die hierauf nach den Konsolidierten Bedingungen zahlbaren Beträge zu zahlen bzw. zu liefernde Werte zu liefern. 
 Gemäß der von der Bank of America Corporation (die “Garantin”) unterzeichneten Garantieerklärung werden die hierunter
fallenden Auszahlungen von der Garantin garantiert. 
 Vor dem Austauschtag (wie unten definiert) erfolgen Zahlungen auf [diese] [dieses]
Global[schuldverschreibung][zertifikat] (ggf.) nur an den Inhaber derselben, sofern dem Principal Agent von Euroclear Bank S.A./N.V. (“Euroclear”) oder Clearstream Banking, société anonyme (“Clearstream
Luxembourg” und zusammen mit Euroclear die “Maßgeblichen Clearingsysteme”), ein Zertifikat vorgelegt wird, das im wesentlichen der in Anhang 4 zu [dieser] [diesem] Global[schuldverschreibung][zertifikat] festgelegten
Form entspricht, darüber, dass es von der oder in Bezug auf eine Person, der ein bestimmter Kapitalbetrag der [Schuldverschreibungen][Zertifikate] zusteht (wie aus seinen Unterlagen hervorgeht), ein Zertifikat erhalten hat, das der oder im
wesentlichen der in Anhang 5 zu [dieser] [diesem] Global[schuldverschreibung][zertifikat] festgelegten Form entspricht. Zahlungen oder Lieferungen, die in Bezug auf derzeit durch [diese] [dieses] Global[schuldverschreibung][zertifikat] verbriefte
[Schuldverschreibungen][Zertifikate] fällig sind, erfolgen an den Inhaber [dieser] [diesem] Global[schuldverschreibung][zertifikat], und jede auf diese Weise erfolgte Zahlung stellt eine Erfüllung der Verpflichtungen der Emittentin
diesbezüglich dar. Nach dem Austauschtag hat der Inhaber [dieser] [dieses] Global[schuldverschreibung][zertifikat] keinen Anspruch auf Zinszahlungen hierauf. 
 An oder nach dem Austauschtag (wie unten definiert) kann [diese] [dieses] Global[schuldverschreibung][zertifikat] ganz oder teilweise (kostenlos) gegen ein[e] Endgültige Global[schuldverschreibung][zertifikat]
ausgetauscht werden, die in beiden Fällen der oder im wesentlichen der in Anhang 6 zu [dieser] [diesem] Global[schuldverschreibung][zertifikat] festgelegten Form entspricht (nebst den damit verbundenen Bedingungen), jeweils nach
Benachrichtigung durch ein Maßgebliches Clearingsystem, das auf Anweisungen eines Inhabers eines Anteils an [dieser] [diesem] Global[schuldverschreibung][zertifikat] handelt, oder sie kann in bestimmten beschränkten Fällen gegen
Effektive [Schuldverschreibungen][Zertifikate] mit Sicherheitsdruck und (ggf.) Kupons, Empfangsscheine und/oder Erneuerungsscheine und vorbehaltlich der in den Bedingungen festgelegten Mitteilungsfrist ausgetauscht werden. Der
“Austauschtag” für [diese] [dieses] Global[schuldverschreibung][zertifikat] ist normalerweise der 40. Tag nach dem Tag, an dem die Emittentin die Erlöse aus dem Verkauf der Globalschuldverschreibung erhält, oder nach
dem Ausgabetag (closing date) für [diese] [dieses] Global[schuldverschreibung][zertifikat], je nach dem welches Ereignis später eintritt. Wenn jedoch die 

  

 A-34 

 
Emittentin, ein Händler oder eine Vertriebsstelle, wie in der Treasury Regulation Sec. 1.163-5(c)(2)(i)(D)(4) definiert, eine durch [diese] [dieses]
Global[schuldverschreibung][zertifikat] verbriefte Schuldverschreibung als Teil einer nicht verkauften Zuteilung oder Zeichnung für mehr als 40 Tage nach dem Tag hält, an dem die Emittentin die Erlöse aus dem Verkauf der
[Schuldverschreibungen] [Zertifikate] erhält, oder nach dem Ausgabetag der [Schuldverschreibungen][Zertifikate], je nach dem welches Ereignis später eintritt, ist der Austauschtag in Bezug auf diese [Schuldverschreibungen][Zertifikate] der
Tag nach dem Tag, an dem die Emittentin, der Händler oder die Vertriebsstelle diese [Schuldverschreibungen] [Zertifikate] verkauft. 
 Bei Austausch in Höhe des ausstehenden Gesamtnennbetrages ist die [das] Global[schuldverschreibung][zertifikat] dem Principal Agent auszuhändigen. 
 [Im Falle einer NGN] [Der Nominalbetrag der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen ist der Gesamtbetrag, der von Zeit zu Zeit in die Unterlagen der Maßgeblichen
Clearingsysteme eingetragen wird. Die Unterlagen der Maßgeblichen Clearingsysteme (womit in dieser Globalurkunde die Unterlagen gemeint sind, die jedes Maßgebliche Clearingsystem für seine Kunden bereithält und die den Umfang
der Anteile eines solchen Kunden wiedergeben) stellen einen abschließenden Nachweis des Nominalbetrags der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen dar und für diese Zwecke ist eine Mitteilung eines
Maßgeblichen Clearingsystems (diese Mitteilung soll dem Inhaber auf Anfrage zugänglich gemacht werden), die den Nominalbetrag der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen wiedergibt, jederzeit ein
abschließender Nachweis der Unterlagen des Maßgeblichen Clearingsystems zu dieser Zeit. 
 [Im Falle einer CGN] Der
Nominalbetrag de[r][s] durch diese[s] Global[schuldverschreibung][zertifikat] verbriefte[n] [Schuldverschreibung][Zertifikats] ist der Betrag, der in den Bedingungen angegeben ist, oder der zuletzt durch die oder im Namen der Emittentin in die
maßgebliche Spalte in Teil II, III oder IV von Anhang 1 oder 2 aufgenommene Nominalbetrag, falls dieser Betrag niedriger ist. 
 Bei
jeglicher Rückzahlung, Teilzahlung, Lieferung oder Kauf und Entwertung irgendeiner der durch diese Globalurkunde verbrieften Schuldverschreibungen hat die Emittentin dafür zu sorgen, dass 
 [Im Falle einer NGN] Details einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines solchen Kaufs und (ggf.) einer solchen Entwertung
pro rata in die Unterlagen der Maßgeblichen Clearingsysteme eingetragen werden und, soweit ein solcher Eintrag vorgenommen wird, der Nominalbetrag der Schuldverschreibungen, der in den Unterlagen der Maßgeblichen Clearingsysteme vermerkt
ist und durch diese Globalschuldverschreibung verbrieft ist, um den Kapitalbetrag der solchermaßen abgelösten, gekauften oder entwerteten Schuldverschreibungen oder um den Betrag der Teilzahlung reduziert wird. 
 [Im Falle einer CGN] Details einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines solchen Kaufs und (ggf.) einer solchen Entwertung in
die maßgebliche Spalte in Teil II, III oder IV von Anhang 1 oder 2 eingetragen werden, die eine solche Rückzahlung, Teilzahlung, Lieferung oder einen solchen Kauf und (ggf.) eine solche Entwertung wiedergeben, und durch die oder im Namen
der Emittentin unterzeichnet werden. Anlässlich einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines solchen Kaufs und einer solchen Entwertung soll der Kapitalbetrag der durch diese[s] Global[schuldverschreibung][zertifikat]
verbrieften [Schuldverschreibungen][Zertifikate] um den Kapitalbetrag der solchermaßen abgelösten, gekauften oder entwerteten Schuldverschreibungen oder um den Betrag der Teilzahlung reduziert werden 
 Diese[s] Vorläufige Global[schuldverschreibung][zertifikat] wird gemäß den Bedingungen gegen ein[e] Definitive[s]
Global[schuldverschreibung] [zertifikat] ausgetauscht. 
 Diese[s] Global[schuldverschreibung][zertifikat] kann durch den Inhaber an
einem beliebigen Tag (außer an einem Samstag oder Sonntag) umgetauscht werden, an dem Banken in Übereinstimmung mit den Bedingungen für den Geschäftsverkehr in London geöffnet sind. Die Emittentin sorgt dafür, dass
Definitive [Schuldverschreibungen][Zertifikate] und Anteile an der/dem Endgültigen Global[schuldverschreibung][zertifikat] so ausgegeben und geliefert werden. 
  

 A-35 

 [Im Falle einer NGN] und in den Aufzeichnungen des Maßgeblichen Clearingsystems nur im
Austausch gegen das Verhältnis dieser/dieses Global[schuldverschreibung][zertifikats] aufgezeichnet werden, für das dem Agent von Euroclear oder Clearstream, Luxemburg ein Zertifikat überreicht wurde, das im wesentlichen in der in
Anhang 4 dieser/dieses Global[schuldverschreibung][zertifikats] festgelegten Form entspricht, darüber, dass sie von der oder in Bezug auf eine Person, der ein wirtschaftlicher Anteil eines bestimmten Kapitalbetrages der
[Schuldverschreibungen][Zertifikate] zusteht (wie aus ihren Unterlagen hervorgeht), ein Zertifikat erhalten hat, das der oder im wesentlichen der in Anhang 5 zu dieser/diesem Global[schuldverschreibung][zertifikat] festgelegten Form des Zertifikats
entspricht, sofern dieses Zertifikat nicht bereits in Übereinstimmung mit den oben genannten Bestimmungen übergeben wurde. Der Gesamtkapitalbetrag von Anteilen an eine[r][m] Endgültigen Global[schuldverschreibung][zertifikat], die
nach dem Austausch diese[r][s] Global[schuldverschreibung][zertifikats] vorbehaltlich den Bedingungen ausgegeben werden, entspricht dem Gesamtkapitalbetrag der vom Inhaber für den Austausch eingereichten Global[schuldverschreibung][zertifikats]
(soweit dieser Kapitalbetrag nicht den Gesamtkapitalbetrag diese[r][s] Global[schuldverschreibung][zertifikats] übersteigt). 
 Bei
einem Austausch nur eines Teils diese[r][s] Global[schuldverschreibung][zertifikats], sorgt die Emittentin dafür, dass: 
 [Im Falle
einer NGN] Details dieses Austauschs pro rata in die Aufzeichnungen der Maßgeblichen Clearingsysteme eingetragen werden. 
 [Im
Falle einer CGN] Details dieses Austauschs in das maßgebliche Feld in Anhang 2 eingetragen werden, das einen solchen Austausch wiedergibt, und durch die oder im Namen der Emittentin unterzeichnet werden und der Kapitalbetrag diese[r][s]
Global[schuldverschreibung][zertifikats] und der durch diese[s] Global[schuldverschreibung][zertifikat] verbrieften [Schuldverschreibungen][Zertifikate] um den so ausgetauschten Kapitalbetrag reduziert wird. 
 Falls nach der Begebung eine[r][s] Endgültigen Global[schuldverschreibung][zertifikats] im Austausch für einige der durch diese[s]
Global[schuldverschreibung][zertifikat] verbrieften [Schuldverschreibungen][Zertifikate] weitere durch diese[s] Global[schuldverschreibung][zertifikat] verbriefte [Schuldverschreibungen][Zertifikate] gegen Anteile an eine[r][m] Endgültigen
Global[schuldverschreibung][zertifikat] ausgetauscht werden sollen, kann ein solcher Austausch vorbehaltlich der Bedingungen ohne die Begebung eine[r][s] neuen Endgültigen Global[schuldverschreibung][zertifikats] vollzogen werden. 

[Im Falle einer NGN] [indem Details eines solchen Anstiegs in den Aufzeichnungen der Maßgeblichen Clearingsysteme aufgezeichnet werden.]

 [Im Falle einer CGN] [indem die Emittentin oder ihr Agent Anhang 2 de[r][s] zuvor begebenen Endgültigen
Global[schuldverschreibung][zertifikats] billigen, um einen Anstieg des Gesamtkapitalbetrags eine[r][s] solchen Endgültigen Global[schuldverschreibung][zertifikats] um einen Betrag wiederzugeben, der dem Gesamtkapitalbetrag de[r][s]
Endgültigen Global[schuldverschreibung][zertifikats] entspricht, [die][das] anderenfalls bei einem solchen Austausch begeben worden wäre. 
 Die [Das] Vorläufige[s] Global[schuldverschreibung][zertifikat] unterliegt dem Recht der Bundesrepublik Deutschland. 
 [Diese[s] Vorläufige[s] Global[schuldverschreibung][zertifikat] wird in jeder Hinsicht erst wirksam und bindend, wenn sie mit einer Kontrollunterschrift durch oder im Namen des Agent versehen worden ist.] 
 [Diese[s] Vorläufige[s] Global[schuldverschreibung][zertifikat] wird in jeder Hinsicht erst wirksam und bindend, wenn sie durch den von dem
Maßgeblichen Clearingsystem ernannten gemeinsamen Verwahrer (Common Safekeeper) ordnungsgemäß vollzogen worden ist (effectuated).] 
  

 A-36 

 ZU URKUND DESSEN hat die Emittentin die ordnungsgemäße Unterzeichnung diese[r][s] Vorläufigen
Globalurkunde in ihrem Namen veranlasst. 
  

			
	 B OF A ISSUANCE B.V.

		
	Durch:	 	  

	Geschäftsführer A
		
	Durch:	 	  

	Geschäftsführer B

 [KONROLLUNTERSCHRIFT] 
  

			
	 THE BANK OF NEW YORK

	Als Agent
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zwecke der Beglaubigung.

 [Für die Neuen Globalschuldverschreibungen] 
 [BESCHEINIGUNG DER AUSFÜHRUNG (Effectuation)] 
  

			
	 [Name des gemeinsamen Verwahrers]

	Als gemeinsamer Verwahrer
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zweck der Beglaubigung.

  

 A-37 

 Anhang 1 zu[r][m] 
 Vorläufigen Global[schuldverschreibung][zertifikat]5 
 TEIL I 
 ZINSZAHLUNGEN

  

									
	 Zinszahlungstag
	 	 Tag der Zahlung
	 	 Gesamtbetrag der
 zu zahlenden
 Zinsen6

	 	 Gezahlter
 Zinsbetrag6
	 	 Zahlungsbestätigun
 g durch oder im
 Namen
der
 Emittentin

	 7Erster
	 		 		 		 	

  

	 5
	 Anhang 1 sollte nur ausgefüllt werden, wenn aus den entsprechenden Endgültigen Bedingungen
hervorgeht, dass diese Globalurkunde eine KGN oder ein Zertifikat sein soll. 

	 6
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 7
	 Nummerierung fortsetzen, bis die passende Anzahl an Zinszahlungstagen für die betreffende
Wertpapiertranche erreicht ist. 

  

 A-38 

 TEIL II 
 TEILZAHLUNGEN 
  

											
	 Teilzahlungstag
	 	 Tag der
 Zahlung
	 	 Gesamtbetrag der
 zu zahlenden
Teilzahlungen8
	 	 Betrag der
 gezahlten
Teilzahlungen9
	 	 Verbleibender
Kapitalbetrag
 diese[r][s]
Global[schuldver-
 schreibung][zertifikats]
nach einer
 solchen Zahlung9
	 	 Zahlungsbestätigung
durch oder im
 Namen der
 Emittentin

	 10Erster
	 		 		 		 		 	

  

	 8
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 9
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II, III oder IV von Anhang 1 oder 2.

	 10
	 Nummerierung fortsetzen, bis die passende Anzahl an Teilzahlungstagen für die betreffende Wertpapiertranche
erreicht ist. 

  

 A-39 

 TEIL III 
 RÜCKZAHLUNGEN 
  

									
	 Rückzahlungtag
	 	 Zurückzuzahlender
Gesamtkapitalbetra
 g diese[r][s]
Global[schuldversch
 reibung][zertifikats]11
	 	 Zurückgezahlter
Kapitalbetrag1
	 	 Verbleibender
 Kapitalbetrag
 diese[r][s] Global[schuldversc
 hreibung][zertifikats]
 nach einer

 Rückzahlung12
	 	 Bestätigung der
 Rückzahlung durch
 oder im Namen
der
Emittentin

  

	 11
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 12
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II, III oder IV von Anhang 1 oder 2.

  

 A-40 

 TEIL IV 
 KÄUFE UND ENTWERTUNGEN 
  

							
	 Tag des Kaufs und der
 Entwertung
	 	 Teil des gekauften und
 entwerteten
 Kapitalbetrags
diese[r][s]
Global[schuldverschreibung]
 [zertifikats]
	 	 Verbleibender
 Kapitalbetrag diese[r][s]
Global[schuldverschreibung]
 [zertifikats] nach
ein
 Kauf und Entwertung13
	 	 Bestätigung des Kaufs
 und der Entwertung durch
 oder im
Namen der
 Emittentin

  

	 13
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II, III oder IV von Anhang 1 oder 2.

  

 A-41 

 Anhang 2 zu[r][m] 
 Vorläufigen Global[schuldverschreibung][zertifikat]14 
 AUSTAUSCH 
 GEGEN DEFINITIVE
[SCHULDVERSCHREIBUNGEN][ZERTIFIKATE] ODER ENDGÜLTIGE GLOBAL 
 [SCHULDVERSCHREIBUNGEN][ZERTIFIKATE] 
 Die folgenden Austauschgeschäfte eines Teils diese[r][s] Global[schuldverschreibung][zertifikats] gegen Definitive [Schuldverschreibungen][Zertifikate] oder in
eine[r][m] Endgültigen Global[schuldverschreibung][zertifikat] verbriefte [Schuldverschreibungen][Zertifikate] wurden vorgenommen: 
  

							
	 Datum des
Austauschs
	 	Kapitalbetrag diese[r][s]
gegen
Definitive
[Schuldverschreibungen]
[Zertifikate] oder gegen
in eine[r][m] Endgültigen
Global[schuldverschreibung]
[zertifikat] verbriefte
[Schuldverschreibungen]
[Zertifikate]
ausgetauschten
Global[schuldverschreibung]
[zertifikats]	 	Verbleibender
Kapitalbetrag
diese[r][s]
Global[schuldverschreibung]
[zertifikats] nach
einem solchen
Austausch15	 	Durch oder
im Namen
der
Emittentin
angebrachter
Vermerk
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 

  

	 14
	 Anhang 2 sollte nur ausgefüllt werden, wenn aus den entsprechenden Endgültigen Bedingungen
hervorgeht, dass diese Globalurkunde eine KGN oder ein Zertifikat sein soll. 

	 15
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II, III oder IV von Anhang 1 oder 2.

  

 A-42 

 Anhang 3 zu[r][m] 
 Vorläufigen Global[schuldverschreibung][zertifikat] 
 Konsolidierte Bedingungen 
  

 A-43 

 Anhang 4 zu[r][m] 
 Vorläufigen Global[schuldverschreibung][zertifikat] 
 FORM OF CERTIFICATE TO BE PRESENTED 
 BY EUROCLEAR OR CLEARSTREAM,LUXEMBOURG 
 B OF A
ISSUANCE B.V. 
 (the “Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ]

 (the “Securities”) 
 This is to certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organizations appearing in our records as persons being entitled to a portion of the principal or
notional amount set forth below (our “Member Organizations”) substantially to the effect set forth in the Temporary Global [Note] [Certificate], as of the date hereof,
[EUR][USD]             principal or notional amount of the above-captioned Securities (i) is owned by persons that are not citizens or residents of the United States, domestic
partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation regardless of its source or any trust with respect to which a court within the United States is able to exercise primary
supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into
account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) is owned by U.S. persons that (a) are foreign branches of United States financial institutions (as defined in U.S.
Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who
hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution has agreed, on its own behalf or through its agent, that we may advise the
Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States
or foreign financial institutions for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions
described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United
States or its possessions. Any such certification by electronic transmission satisfies the requirements set forth in U.S. Treasury Regulation Section 1.163-5(c)(2)(i)(D)(3)(ii). We will retain all certificates received from Member Organizations
for the period specified in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(3)(i). 
 As used herein, “United States”
means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify with respect to such principal amount of Securities set forth above that, except as set forth below, we have received in writing, by tested telex or by electronic transmission, from our Member Organizations entitled to a
portion of such principal amount, certifications with respect to such portion, substantially to the effect set forth in the Temporary Global [Note] [Certificate]. 
 We further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global Security excepted in such
certifications and (ii) that as of the date hereof we have not received any notification from any of our Member Organizations to 

  

 A-44 

 
the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant,
exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as of the date hereof. 
 We understand
that this certification is required in connection with certain tax laws and certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this
certification is or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such proceedings. 
 Dated
            , [20        ]16 

 

			
	 Yours faithfully,

	
	 Euroclear / Clearstream, Luxembourg

		
	 By:
	 	  

  

	16	To be dated no earlier than date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date. 

  

 A-45 

 Anhang 5 zu[r][m] 
 Vorläufigen Global[schuldverschreibung][zertifikat] 
 FORM OF CERTIFICATE OF BENEFICIAL OWNER

 B OF A ISSUANCE B.V. 
 (the
“Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ] 
 (the
“Securities”) 
 This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held
by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation
regardless of its source or any trust with respect to which a court within the United States is able to exercise primary supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions
or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) are
owned by U.S. person(s) that (a) are foreign branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or
for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b),
each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the Restricted Period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) this
is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United States or its possessions. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify that, except as set forth below in the case of debt securities, the Securities are beneficially owned by (a) non-U.S. person(s) or (b) U.S. person(s) who purchase the Securities in transactions which did not require
registration under the Act. As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act. 
 As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake
Island and the Northern Mariana Islands. 
 We undertake to advise you promptly by facsimile on or prior to the date on which you intend to
submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date. 
  

 A-48 

 This certification excepts and does not relate to [        ] of
such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of Definitive Securities (or, if relevant, exercise of any right or collection of any interest) cannot be made
until we do so certify. 
 We understand that this certification is required in connection with certain tax laws and certain securities laws
of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this certification to any
interested party in such proceedings. 
 Dated:             ,
20         1 
  

			
	 By:
	 	  

		 	 As, or as agent for, the beneficial owner(s) of the

		 	 Securities to which this certification relates.

  

	1	To be dated no earlier than the fifteenth day prior to the date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date.

  

 A-49 

 Schedule 3 to 
 Agency Agreement 
 FORM OF THE TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
 CONVENIENCE TRANSLATION OF THE FORM OF THE TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
  

 A-50 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS A TEMPORARY GLOBAL [NOTE] [CERTIFICATE] IN BEARER FORM, WITHOUT COUPONS, EXCHANGEABLE FOR A BEARER [NOTE] [CERTIFICATE] IN PERMANENT GLOBAL FORM. THE RIGHTS ATTACHING TO THIS TEMPORARY
GLOBAL [NOTE] [CERTIFICATE], AND THE TERMS AND CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR A PERMANENT GLOBAL [NOTE] [CERTIFICATE], ARE AS SPECIFIED HEREIN AND IN THE TERMS AND CONDITIONS (AS DEFINED BELOW). 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE]
SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL
BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT
IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]2 
  

	2	[This language is applicable only to Temporary Global [Notes][Certificates] representing [Notes][Certificates] with maturities of 183 days or less from the date of original issue.]

  

 A-51 

 B OF A ISSUANCE B.V. 
 TEMPORARY GLOBAL [NOTE] [CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 This Global [Note] [Certificate] is a Temporary Global [Note] [Certificate] (the “Global [Note] [Certificate]”) in bearer form without
interest coupons in respect of the [Note] [Certificate]s (the “[Note] [Certificate]s”) issued by B of A Issuance B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid)
incorporated under the laws of The Netherlands with its corporate seat in Amsterdam, The Netherlands (the “Issuer”) described, and having the provisions specified, in the consolidated terms and conditions (the “Terms and
Conditions”), which provisions are incorporated herein. Words and expressions defined or set out in the Terms and Conditions shall bear the same meaning when used herein. 
 The Issuer, subject to and in accordance with the Terms and Conditions, promises to pay and deliver to the bearer hereof any sums payable or amount
deliverable in respect thereof under the Terms and Conditions. 
 Payment hereunder is guaranteed by Bank of America Corporation (the
“Guarantor”), as set forth in the Guarantee Agreement executed by the Guarantor. 
 Prior to the Exchange Date (as defined below),
all payments (if any) on this Global [Note] [Certificate] will only be made to the bearer hereof to the extent that there is presented to the Agent by Euroclear Bank S.A. N.V. (“Euroclear”) or Clearstream Banking,
société anonyme (“Clearstream, Luxembourg” and together with Euroclear, the “Relevant Clearing Systems”), a certificate, substantially in the form set out in Schedule 4 to this Global [Note]
[Certificate], to the effect that it has received from or in respect of a person entitled to a particular principal amount of the [Note] [Certificate]s (as shown by its records) a certificate in or substantially in the form of the certificate as set
out in Schedule 5 to this Global [Note] [Certificate]. Payments or deliveries due in respect of [Note] [Certificate]s for the time being represented by this Global [Note] [Certificate] shall be made to the bearer of this Global [Note] [Certificate]
and each payment so made will discharge the Issuer’s obligations in respect thereof. After the Exchange Date, the bearer of this Global [Note] [Certificate] will not be entitled to receive any payment of interest hereon. 
 On or after the Exchange Date (as defined below) this Global [Note] [Certificate] may be exchanged in whole or in part (free of charge) for, a permanent
Global [Note] [Certificate], which, in either case, is in or substantially in the form set out in Schedule 6 to this Global [Note] [Certificate] (together with the Terms and Conditions attached to it), in each case upon notice being given by a
Relevant Clearing System acting on the instructions of any Holder of an interest in this Global [Note] [Certificate] or, under certain limited circumstances, security printed Definitive [Note] [Certificate]s and (if applicable) Coupons, Receipts
and/or Talons and subject to such notice period as is specified in the Terms and Conditions. The “Exchange Date” for this Global [Note] [Certificate] will normally be the 40th day after the later of the date on which the Issuer
receives the proceeds of the sale of the Global [Note] [Certificate] and the closing date for the Global [Note] [Certificate]. However, if the Issuer, a Dealer or any distributor, as defined in Treasury Regulation Sec. 1.163-5(c)(2)(i)(D)(4), holds
a [Note] [Certificate] represented by this Global [Note] [Certificate] as part of an unsold allotment or subscription for more than 40 days after the later of the date on which the Issuer receives the proceeds of the sale of the Global [Note]
[Certificate] and the closing date for the Global [Note] [Certificate], the Exchange Date with respect to such [Note] [Certificate] will be the day after the date on which the Issuer, Dealer or distributor sells such [Note] [Certificate].

 Upon the exchange of the outstanding principal amount of this Global [Note] [Certificate], it shall be surrendered to the Principal Agent.

  

 A-52 

 [In case of a New Global Note][The nominal amount of Notes represented by this Global Note shall
be the aggregate amount from time to time entered in the records of the Relevant Clearing Systems. The records of the Relevant Clearing Systems (which expression in this Global Note means the records that each Relevant Clearing System holds for its
customers which reflect the amount of such customer’s interest in the Notes) shall be conclusive evidence of the nominal amount of Notes represented by this Global Note and, for these purposes, a statement issued by a Relevant Clearing System
(which statement shall be made available to the bearer upon request) stating the nominal amount of Notes represented by this Global Note at any time shall be conclusive evidence of the records of the Relevant Clearing System at that time.]

 [In case of a Classic Global Note/Certificate] The nominal amount of the [Note] [Certificate] represented by this Global [Note]
[Certificate] shall be the amount stated in the Terms and Conditions or, if lower, the nominal amount most recently recorded by or on behalf of the Issuer, in the relevant column in Part II, III or IV of Schedule 1 or in Schedule 2. 
 On any redemption, payment of an Installment Amount, delivery or purchase and cancellation of any of the Notes represented by this Global Note, the
Issuer shall procure that 
 [In case of a New Global Note] [details of such redemption, payment, delivery or purchase and cancellation
(as the case may be) shall be entered pro rata in the records of the Relevant Clearing Systems and, upon any such entry being made, the nominal amount of the Notes recorded in the records of the Relevant Clearing Systems and represented by this
Global Note shall be reduced by the principal amount of the Notes so redeemed or purchased and cancelled or by the amount of such installment so paid.] 
 [In case of a Classic Global Note/Certificate] [details of such redemption, payment, delivery or purchase and cancellation (as the case may be) shall be entered in the relevant column in Part II, III or IV of
Schedule 1 or in Schedule 2 hereto recording any such redemption, payment, delivery or purchase and cancellation (as the case may be) and shall be signed by or on behalf of the Issuer. Upon any such redemption, payment of an Installment Amount,
delivery or purchase and cancellation, the principal amount of such [Note] [Certificate]s represented by this Global [Note] [Certificate] shall be reduced by the principal amount of the [Note] [Certificate]s so redeemed or purchased and
cancelled or the amount of such Installment Amount.] 
 This Temporary Global [Note] [Certificate] shall be exchanged for a Definitive Global
[Note] [Certificate] in accordance with the Terms and Conditions. 
 This Global [Note] [Certificate] may be exchanged by the bearer
hereof on any day (other than a Saturday or Sunday) on which banks are open for business in London in accordance with the Terms and Conditions. The Issuer shall procure that Definitive [Note][Certificate]s and interests in the Permanent Global
[Note] [Certificate] shall be so issued and delivered [and] [in the case of a New Global Note] [recorded in the records of the Relevant Clearing System] in exchange for only that portion of this Global [Note] [Certificate] in respect of
which there shall have been presented to the Agent by Euroclear or Clearstream, Luxembourg a certificate, substantially in the form set out in Schedule 4 to this Global [Note] [Certificate], to the effect that it has received from or in respect
of a person entitled to a beneficial interest in a particular principal amount of the [Note] [Certificate]s (as shown by its records) a certificate from such person in or substantially in the form of the certificate set out in Schedule 5 to
this Global [Note] [Certificate], unless such certificate has already been given in accordance with the above provisions. The aggregate principal amount of interests in a Permanent Global [Note] [Certificate] issued upon an exchange of
this Global [Note] [Certificate] subject to the terms hereof, will be equal to the aggregate principal amount of this Global [Note] [Certificate] submitted by the bearer hereof for exchange (to the extent that such principal amount does
not exceed the aggregate principal amount of this Global [Note] [Certificate]). 
 On an exchange of only part of this Global
[Note] [Certificate], the Issuer shall procure that: 
 [in the case of a New Global Note details of such exchange shall be
entered pro rata in the records of the Relevant Clearing Systems.] 
  

 A-53 

 [in the case of a Classic Global Note or Certificate] [details of such exchange shall be entered
in the relevant space in Schedule 2 hereto recording such exchange and shall be signed by or on behalf of the Issuer and the principal amount of this Global [Note] [Certificate] and the [Note] [Certificate]s represented by this Global
[Note] [Certificate] shall be reduced by the principal amount so exchanged. 
 If, following the issue of a Permanent Global
[Note] [Certificate] in exchange for some of the [Note] [Certificate]s represented by this Global [Note] [Certificate], further [Note] [Certificate]s represented by this Global [Note] [Certificate] are to be exchanged for
interests in a Permanent Global [Note] [Certificate], such exchange may be effected, subject as provided herein, without the issue of a new Permanent Global [Note] [Certificate], 
 [in the case of a New Global Note [recording the details of such increase in the records of the Relevant Clearing Systems.] 
 [in the case of a Classic Global Noteor a Certificate] [by the Issuer or its agent endorsing Schedule 2 of the Permanent Global
[Note] [Certificate] previously issued to reflect an increase in the aggregate principal amount of such Permanent Global [Note] [Certificate] by an amount equal to the aggregate principal amount of the Permanent Global
[Note] [Certificate] which would otherwise have been issued on such exchange.] 
 This Temporary Global [Note] [Certificate] shall be
governed by, and construed in accordance with the laws of Germany. 
 This Temporary Global [Note] [Certificate] shall not become valid or
obligatory for any purpose until the certificate of authentication hereon shall have been duly signed by or on behalf of the Agent. 
 [Where
the Global Note is intended to be held in a manner that would allow Eurosystem-eligibility, this Temporary Global Note shall not become valid or obligatory for any purposes until it is duly effectuated by the entity appointed as common safekeeper by
the Relevant Clearing System.] 
  

 A-54 

 IN WITNESS WHEREOF the Issuer has caused this Temporary Global [Note][Certificate] to be duly signed on
its behalf. 
  

			
	B OF A ISSUANCE B.V.
		
	By:	 	  

		 	Managing Director A
		
	By:	 	  

		 	Managing Director B

 [CERTIFICATE OF AUTHENTICATION OF THE AGENT] 
 This Temporary Global [Note][Certificate] is authenticated by or on behalf of the Agent. 
  

			
	THE BANK OF NEW YORK
	As Agent
		 	
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of authentication only.

 [For New Global Notes] 
 [CERTIFICATE OF EFFECTUATION] 
  

			
	[Insert the name of the common safekeeper]
	As common safekeeper
		 	
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of effectuation only.

  

 A-55 

 Schedule 1 to the 
 Temporary Global [Note][Certificate]3 
 PART I 
 INTEREST PAYMENTS

  

									
	 Interest
 Payment
 Date
	 	Date of
Payment	 	Total
Amount of
Interest
Payable4	 	Amount of
Interest
Paid2	 	Confirmation
of payment
by or on
behalf of
the Issuer
	5First	 		 		 		 	

  

	 3
	 Schedule 1 should only be completed where the applicable Final Terms indicates that this Global Note is intended to be a
Classic Global Note or where this is a Global Certificate. 

	 4
	 Including Physical Delivery Amount(s), if applicable. 

	 5
	 Continue numbering until the appropriate number of interest payment dates for the particular Tranche of Notes is
reached. 

  

 A-56 

 PART II 
 INSTALLMENT PAYMENTS 
  

											
	 Installment
 Date
	 	Date of
Payment	 	Total of
Installment
Amounts
Payable6	 	Amount of
Installment
Amounts Paid21	 	Remaining
principal
amount of
this Global
[Note][Certificate]
following
such payment7	 	Confirmation
of payment by
or on behalf
of the Issuer
	8First	 		 		 		 		 	

  

	 6
	 Including Physical Delivery Amount(s), if applicable. 

	 7
	 See most recent entry in Part II, III or IV of Schedule 1 or in Schedule 2 in order to determine this amount.

	 8
	 Continue numbering until the appropriate number of installment payment dates for the particular Tranche of Notes is
reached. 

  

 A-57 

 PART III 
 REDEMPTIONS 
  

									
	 Date of
 Redemption
	 	Total principal
amount of this
Global
[Note][Certificate]
to be
redeemed9	 	Principal amount
Redeemed1	 	Remaining
principal
amount of
this Global
[Note][Certificate]
following
such
redemption10	 	Confirmation
of
redemption
by or on
behalf of the
Issuer

  

	 9
	 Including Physical Delivery Amount(s), if applicable. 

	 10
	 See most recent entry in Part II, III, IV of Schedule 1 or in Schedule 2 in order to determine this amount.

  

 A-58 

 PART IV 
 PURCHASES AND CANCELLATIONS 
  

							
	 Date of
 purchase
 and
 cancellation

	 	Part of principal
amount of this
Global [Note][Certificate]
purchased and
canceled	 	Remaining principal
amount of this
Global [Note][Certificate]
following such
purchase and
cancellation11	 	Confirmation of
purchase and
cancellation
by or on
behalf of the
Issuer

  

	 11
	 See most recent entry in Part II, III or IV of Schedule 1 or in Schedule 2 in order to determine this amount.

  

 A-59 

 Schedule 2 to the 
 Temporary Global [Note][Certificate]12 
 SCHEDULE OF EXCHANGES 
 FOR
DEFINITIVE [NOTE][CERTIFICATE]S OR PERMANENT GLOBAL [NOTE][CERTIFICATE] 
 The following exchanges of a part of this Global [Note][Certificate] for
Definitive [Note][Certificate]s or [Note][Certificate]s represented by a Permanent Global [Note][Certificate] have been made: 
  

							
	 Date of
 exchange
	 	Principal
amount of this
Global [Note][Certificate]
exchanged for
Definitive
[Note][Certificate]s
or [Note][Certificate]s
represented by a
Permanent Global
[Note][Certificate]	 	Remaining
principal
amount
of this
Global [Note][Certificate]
following
such exchange13	 	Notation
made by
or on
behalf of
the
Issuer
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 

  

	 12
	 Schedule 2 should only be completed where the applicable Final Terms indicates that this Global Note is intended to be a
Classic Global Note or where this is a Global Certificate. 

	 13
	 See most recent entry in Part II, III or IV of Schedule 1 or Schedule 2 in order to determine this amount.

  

 A-60 

 Schedule 3 to the 
 Temporary Global [Note] [Certificate] 
 Consolidated Terms and Conditions 
  

 A-61 

 Schedule 4 to the 
 Temporary Global [Note] [Certificate]  
 FORM OF CERTIFICATE TO BE PRESENTED 
 BY EUROCLEAR / CLEARSTREAM,LUXEMBOURG 
 B OF A
ISSUANCE B.V. 
 (the “Issuer”) 
 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ]

 (the “Securities”) 
 This is to certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organizations appearing in our records as persons being entitled to a portion of the principal or
notional amount set forth below (our “Member Organizations”) substantially to the effect set forth in the Temporary Global [Note] [Certificate], as of the date hereof,
[EUR][USD]             principal or notional amount of the above-captioned Securities (i) is owned by persons that are not citizens or residents of the United States, domestic
partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation regardless of its source or any trust with respect to which a court within the United States is able to exercise primary
supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into
account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) is owned by U.S. persons that (a) are foreign branches of United States financial institutions (as defined in U.S.
Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who
hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution has agreed, on its own behalf or through its agent, that we may advise the
Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States
or foreign financial institutions for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions
described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United
States or its possessions. Any such certification by electronic transmission satisfies the requirements set forth in U.S. Treasury Regulation Section 1.163-5(c)(2)(i)(D)(3)(ii). We will retain all certificates received from Member Organizations
for the period specified in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(3)(i). 
 As used herein, “United States”
means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify with respect to such principal amount of Securities set forth above that, except as set forth below, we have received in writing, by tested telex or by electronic transmission, from our Member Organizations entitled to a
portion of such principal amount, certifications with respect to such portion, substantially to the effect set forth in the Temporary Global [Note] [Certificate]. 
 We further certify (i) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any interest) any portion of the temporary global Security excepted in such
certifications and (ii) that as of the date hereof we have not received any notification from any of our Member Organizations to 

  

 A-62 

 
the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant,
exercise of any rights or collection of any interest) are no longer true and cannot be relied upon as of the date hereof. 
 We understand
that this certification is required in connection with certain tax laws and certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this
certification is or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such proceedings. 
 Dated                 , [20        ]14 
  

			
	Yours faithfully,
	
	Euroclear / Clearstream Luxembourg
		 	
	By:	 	  

  

	14	To be dated no earlier than date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date. 

  

 A-63 

 Schedule 5 to the 
 Temporary Global [Note] [Certificate] 
 FORM OF CERTIFICATE OF BENEFICIAL OWNER 
 B OF A ISSUANCE B.V. 
 (the “Issuer”)

 [NOTES/CERTIFICATES] DUE [YEAR OF MATURITY DATE/ 
 SETTLEMENT DATE] 
 Series No. [    ] 
 Tranche No. [    ] 
 (the
“Securities”) 
 This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held
by you for our account (i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation
regardless of its source or any trust with respect to which a court within the United States is able to exercise primary supervision over its administration, and one or more U.S. persons have the authority to control all of its substantial decisions
or any other persons deemed a U.S. person under Section 7701(a)(30) of the Internal Revenue Code (taking into account changes thereto and associated effective dates, elections, and transition rules) (“U.S. persons”), (ii) are
owned by U.S. person(s) that (a) are foreign branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) (“financial institutions”) purchasing for their own account or
for resale, or (b) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b),
each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise the Issuer or the Issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the Restricted Period (as defined in U.S. Treasury
Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in Clause (iii) above (whether or not also described in Clause (i) or (ii)) this
is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a U.S. person or to a person within the United States or its possessions. 
 The Securities are of the category contemplated in Rule 903(b)(2) of Regulation S under the Securities Act of 1933, as amended (the “Act”), and
this is also to certify that, except as set forth below in the case of debt securities, the Securities are beneficially owned by (a) non-U.S. person(s) or (b) U.S. person(s) who purchase the Securities in transactions which did not require
registration under the Act. As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act. 
 As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake
Island and the Northern Mariana Islands. 
 We undertake to advise you promptly by facsimile on or prior to the date on which you intend to
submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date. 
  

 A-68 

 This certification excepts and does not relate to [        ] of
such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of Definitive Securities (or, if relevant, exercise of any right or collection of any interest) cannot be made
until we do so certify. 
 We understand that this certification is required in connection with certain tax laws and certain securities laws
of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this certification to any
interested party in such proceedings. 
 Dated:             ,
20         1 
  

			
	By:	 	  

		 	As, or as agent for, the beneficial owner(s) of the
		 	Securities to which this certification relates.

  

	1	To be dated no earlier than the fifteenth day prior to the date to which this certification relates, namely, (a) the payment date or (b) the Exchange Date.

  

 A-69 

 Schedule 6 to the 
 Temporary Global [Note] [Certificate] 
 Permanent Global [Note] [Certificate] 
  

 A-70 

 Schedule 4 to 
 Agency Agreement 
 FORM OF THE PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
  

 A-71 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER
GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE] SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST
HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES
INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER
REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES
PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]2 

 

	2	[This language is applicable only to Permanent Global [Notes] [Certificates] representing [Notes] [Certificates] with maturities of 183 days or less from the date of original
issue.] 

  

 A-72 

 B OF A ISSUANCE B.V. 
 ENGÜLTIGE[S] GLOBAL[SCHULDVERSCHREIBUNG][ZERTIFIKAT] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE: 
 TRANCHE: 
 [COMMON CODE:] 
 Diese[s] auf den Inhaber lautende
Global[schuldverschreibung][zertifikat] ist ein[e] Endgültige[s] Global[schuldverschreibung][zertifikat] (die [das] “Global[schuldverschreibung][zertifikat]”) ohne Zinskupon, die die von der B of A Issuance B.V., eine unter
niederländischem Recht eingetragene Personengesellschaft mit beschränkter Haftung (besloten vennootschap met beperkte aansprakelijkheid) mit Sitz in Amsterdam, Niederlande (die “Emittentin”), ausgegebenen
[Schuldverschreibungen] [Zertifikate] (die “[Schuldverschreibungen] [Zertifikate]”) verbrieft. Für die [Schuldverschreibungen] [Zertifikate] gelten die [dieser] [diesem] Global[schuldverschreibung][zertifikat] als Anlage
beigefügten konsolidierten Bedingungen (“Konsolidierte Bedingungen”). Die hierin verwendeten Begriffe und Ausdrücke haben die gleiche Bedeutung wie in den Konsolidierten Bedingungen. 
 Die Emittentin verpflichtet sich, nach Maßgabe der Konsolidierten Bedingungen an den Inhaber einer[s] Global[schuldverschreibung][zertifikats] die
hierauf nach den Konsolidierten Bedingungen zahlbaren Beträge zu zahlen bzw. zu liefernde Werte zu liefern. 
 Gemäß der von
der Bank of America Corporation (die “Garantin”) unterzeichneten Garantieerklärung werden die hierunter fallenden Auszahlungen von der Garantin garantiert. 
 Diese[s] Global[schuldverschreibung][zertifikat] wird gemäß den Bedingungen ausgetauscht. Bei Austausch in Höhe des ausstehenden
Gesamtnennbetrages ist die [das] Global[schuldverschreibung][zertifikat] dem Principal Agent auszuhändigen. 
 [Im Falle einer
NGN] [Der Nominalbetrag der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen ist der Gesamtbetrag, der von Zeit zu Zeit in die Unterlagen sowohl von Euroclear Bank S.A./N.V. (“Euroclear”) als auch
Clearstream Banking, société anonyme (“Clearstream Luxembourg” und zusammen mit Euroclear die “Maßgeblichen Clearingsysteme”) eingetragen wird. Die Unterlagen der Maßgeblichen
Clearingsysteme (womit in dieser Globalurkunde die Unterlagen gemeint sind, die jedes Maßgebliche Clearingsystem für seine Kunden bereithält und die den Umfang der Anteile eines solchen Kunden wiedergeben) stellen einen
abschließenden Nachweis des Nominalbetrags der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen dar und für diese Zwecke ist eine Mitteilung eines Maßgeblichen Clearingsystems (diese Mitteilung soll dem
Inhaber auf Anfrage zugänglich gemacht werden), die den Nominalbetrag der durch diese Globalschuldverschreibung verbrieften Schuldverschreibungen wiedergibt, jederzeit ein abschließender Nachweis der Unterlagen des Maßgeblichen
Clearingsystems zu dieser Zeit. 
 [Im Falle einer KGN] Der Nominalbetrag de[r][s] durch diese[s]
Global[schuldverschreibung][zertifikat] verbriefte[n] [Schuldverschreibung][Zertifikats] ist der Betrag, der in den Bedingungen angegeben ist, oder der zuletzt durch oder im Namen der Emittentin in die maßgebliche Spalte in Teil II, III oder
IV von Anhang 1 oder 2 aufgenommene Nominalbetrag, falls dieser Betrag niedriger ist. 
 Bei jeglicher Rückzahlung, Teilzahlung,
Lieferung oder Kauf und Entwertung irgendeiner der durch diese Globalurkunde verbrieften Schuldverschreibungen hat die Emittentin dafür zu sorgen, dass 
  

 A-73 

 [Im Falle einer NGN] Details einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines
solchen Kaufs und (ggf.) einer solchen Entwertung pro rata in die Unterlagen der Maßgeblichen Clearingsysteme eingetragen werden und, soweit ein solcher Eintrag vorgenommen wird, der Nominalbetrag der Schuldverschreibungen, der in den
Unterlagen der Maßgeblichen Clearingsysteme vermerkt ist und durch diese Globalschuldverschreibung verbrieft ist, um den Kapitalbetrag der solchermaßen abgelösten, gekauften oder entwerteten Schuldverschreibungen oder um den Betrag
der Teilzahlung reduziert wird. 
 [Im Falle einer KGN] Details einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines
solchen Kaufs und (ggf.) einer solchen Entwertung in die maßgebliche Spalte in Teil II, III oder IV von Anhang 1 oder 2 eingetragen werden, die eine solche Rückzahlung, Teilzahlung, Lieferung oder einen solchen Kauf und (ggf.) eine solche
Entwertung wiedergeben, und durch die oder im Namen der Emittentin unterzeichnet werden. Anlässlich einer solchen Rückzahlung, Teilzahlung, Lieferung oder eines solchen Kaufs und einer solchen Entwertung soll der Kapitalbetrag der durch
diese[s] Global[schuldverschreibung][zertifikat] verbrieften [Schuldverschreibungen][Zertifikate] um den Kapitalbetrag der solchermaßen abgelösten, gekauften oder entwerteten Schuldverschreibungen oder um den Betrag der Teilzahlung
reduziert werden 
 Diese[s] Global[schuldverschreibung][zertifikat] wird nach und in Übereinstimmung mit den Bedingungen gegen
Definitive [Schuldverschreibungen][Zertifikate] mit Sicherheitsdruck und (ggf.) gegen Kupons, Empfangsscheine und/oder Erneuerungsscheine ausgetauscht (auf der Grundlage, dass auf der Vorderseite dieser Definitiven
[Schuldverschreibungen] [Zertifikate] und (ggf.) Kupons, Empfangsscheine und/oder Erneuerungsscheine alle entsprechenden Angaben enthalten sind und die Bedingungen in diese Definitiven [Schuldverschreibungen] [Zertifikate] einbezogen
wurden). Vorbehaltlich des Voranstehenden und vorbehaltlich dessen, dass der Agent mindestens 60 Tage nach dem Austauschtag (wie in der Vorläufigen Globalurkunde definiert, auf die oben Bezug genommen wird) von dem Maßgeblichen
Clearingsystem, das auf Anweisungen eines Inhabers von Anteilen an [der] [dem] Global[schuldverschreibung][zertifkat] handelt, benachrichtigt wurde, erfolgt dieser Austausch nach Vorlage diese[r][s] Global[schuldverschreibung][zertifkat] durch
den Inhaber bei der oben genannten Geschäftsstelle des Agents an einem beliebigen Tag (außer an einem Samstag oder Sonntag), an dem Banken in London für den Geschäftsverkehr geöffnet sind. Der Gesamtkapitalbetrag der
Definitiven [Schuldverschreibungen] [Zertifikate], die nach dem Austausch diese[r][s] Global[schuldverschreibung][zertifikats] ausgegeben werden, entspricht dem Gesamtkapitalbetrag der vom Inhaber für den Austausch eingereichten
Global[schuldverschreibungen][zertifikate] (soweit dieser Kapitalbetrag nicht den Gesamtkapitalbetrag de[r][s] Global[schuldverschreibung][zertifikats] übersteigt, der in den Aufzeichnungen des Maßgeblichen Clearingsystems verzeichnet
ist). 
 Die [Das] Endgültige Global[schuldverschreibung][zertifikat] unterliegt dem Recht der Bundesrepublik Deutschland. 

[Diese[s] Endgültige Global[schuldverschreibung][zertifikat] wird in jeder Hinsicht erst wirksam und bindend, wenn sie mit einer
Kontrollunterschrift durch oder im Namen des Agent versehen worden ist. 
 [Diese[s] Endgültige Global[schuldverschreibung][zertifikat]
wird in jeder Hinsicht erst wirksam und bindend, wenn sie durch den von dem Maßgeblichen Clearingsystem ernannten gemeinsamen Verwahrer (Common Safekeeper) ordnungsgemäß vollzogen worden ist (effectuated).] 
  

 A-74 

 ZU URKUND DESSEN hat die Emittentin die ordnungsgemäße Unterzeichnung dieser Endgültigen
Globalurkunde in ihrem Namen veranlasst. 
  

			
	 B OF A ISSUANCE B.V.

		
	Durch:	 	  

	Geschäftsführer A
		
	Durch:	 	  

	Geschäftsführer B

 [KONROLLUNTERSCHRIFT] 
  

			
	 THE BANK OF NEW YORK

	Als Agent

			
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zwecke der Beglaubigung.

 [BESCHEINIGUNG DER AUSFÜHRUNG (Effectuation)] 
  

			
	 [Namen des gemeinsamen Verwahrers einfügen]

	Als gemeinsamer Verwahrer

			
		
	Durch:	 	  

		 	Unterschriftsberechtigter
		 	Nur zum Zwecke der Beglaubigung.

  

 A-75 

 Anhang 1 zu[r][m]  
 Endgültigen Global[schuldverschreibung] [zertifikat] 
 TEIL I 
 ZINSZAHLUNGEN 
  

									
	 Zinszahlungstag
	 	 Tag der
 Zahlung
	 	 Gesamtbetrag der
 zu zahlenden
 Zinsen3

	 	 Gezahlter
 Zinsbetrag1
	 	 Zahlungsbestätigung
 durch oder im Namen
 der
Emittentin

	 4Erster
	 		 		 		 	

  

	 3
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 4
	 Nummerierung fortsetzen, bis die passende Anzahl an Zinszahlungstagen für die betreffende
Wertpapiertranche erreicht ist. 

  

 A-76 

 TEIL II 
 TEILZAHLUNGEN 
  

											
	 Teilzahlungstag
	 	 Tag der Zahlung
	 	 Gesamtbetrag der
zu
zahlenden
Teilzahlungen5
	 	 Betrag der gezahlten
Teilzahlungen1
	 	 Verbleibender
Kapitalbetrag dieser
Globalurkunde nach
einer
solchen Zahlung6
	 	 Zahlungsbestätigung
durch oder im Namen
der Emittentin

	 7Erster
	 		 		 		 		 	

  

	 5
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 6
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II, III oder IV von Anhang 1 oder 2.

	 7
	 Nummerierung fortsetzen, bis die passende Anzahl an Teilzahlungstagen für die betreffende
Wertpapiertranche erreicht ist. 

  

 A-77 

 TEIL II 
 RÜCKZAHLUNGEN 
  

							
	 Rückzahlungstag
	 	 Gesamtzahl der in
 diese[r][m]
Global[schuldverschreibung]
[zertifikat]
verbrieften,
zurückzuzahlenden
[Schuldverschreibungen]
[Zertifikate]8
	 	 Verbleibende Anzahl der
in
diese[r][m]
Global[schuldverschreibung]
[zertifikat] verbrieften
[Schuldverschreibungen]
 [Zertifikate] nach einer

 solchen Rückzahlung9
	 	 Bestätigung der
 Rückzahlung durch
 oder im Namen
der
 Emittentin

  

	 8
	 Einschließlich Beträge der Physischen Lieferung, falls anwendbar. 

	 9
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II oder III von Anhang 1 oder 2.

  

 A-78 

 TEIL IV 
 KÄUFE UND ENTWERTUNGEN 
  

							
	 Tag des Kaufs und der Entwertung
	 	 Anzahl der in
diese[r][m]
Global[schuldverschreibung]
[zertifikat]
 verbrieften, gekauften
 und entwerteten
[Schuldverschreibungen]
[Zertifikate]
	 	 Verbleibende Anzahl der
 in diese[r][m]
Global[schuldverschreibung]
[zertifikat] verbrieften
[Schuldverschreibungen]
 [Zertifikate] nach einem
 solchen Kauf
und einer
 solchen Entwertung10
	 	 Bestätigung des Kaufs
 und der Entwertung durch
 oder im
Namen der
 Emittentin

  

	 10
	 Um diesen Betrag zu bestimmen, siehe den letzten Eintrag in Teil II oder III von Anhang 1 oder 2.

  

 A-79 

 Anhang 2 zu[r][m]  
 Endgültigen Global[schuldverschreibung] [zertifikat]] 
 AUSTAUSCH 
 Die folgenden Austauschgeschäfte bezüglich diese[r][s] Global[schuldverschreibung][zertifikats] wurden vorgenommen: 
  

							
	 Datum des
Austauschs
	 	Anstieg der Anzahl der in
diese[r][m]
Global[schuldverschreibung]
[zertifikat] verbrieften
[Schuldverschreibungen]

[Zertifikaten] aufgrund
Austäuschen eine[r][s]
Vorläufigen
[Schuldverschreibung]
[Zertifikats] gegen diese[s]
Global[schuldverschreibung]
[zertifikat]11	 	Abnahme der Anzahl der
in
diese[r][m]
Global[schuldverschreibung]
[zertifikat]
verbrieften
[Schuldverschreibungen]
[Zertifikaten]
aufgrund
Austäuschen diese[r][s]
Global[schuldverschreibung]
[zertifikats] gegen
Definitive
[Schuldverschreibungen]
[Zertifikate]	 	Durch oder
im Namen
der
Emittentin
angebrachter
Vermerk
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	  	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 

  

	 11
	 Wenn diese Globalurkunde eine Fälligkeit von weniger als einem Jahr ab dem Begebungstag hat, muss der
Betrag wenigstens GBP 100.000 (oder den entsprechenden Betrag in einer anderen Währung oder anderen Währungen) betragen. 

  

 A-80 

 Schedule 4 to 
 Agency Agreement 
 FORM OF THE PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
 CONVENIENCE TRANSLATION OF THE FORM OF THE PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
  

 A-82 

 THIS [NOTE] [CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS [NOTE] [CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE] [CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE] [CERTIFICATE]
MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS [NOTE] [CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE
UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO
ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE
OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 THIS [NOTE] [CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER
GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER OF THIS GLOBAL [NOTE] [CERTIFICATE] SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST
HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES
INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER
REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES
PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]1 

 

	1	[This language is applicable only to Permanent Global [Notes] [Certificates] representing [Notes] [Certificates] with maturities of 183 days or less from the date of original
issue.] 

  

 A-83 

 B of A ISSUANCE B.V. 
 PERMANENT GLOBAL [NOTE] [CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 This Global [Note] [Certificate] is a Permanent Global [Note] [Certificate] (the “Global [Note] [Certificate]”) in bearer form without
interest coupons in respect of [Note] [Certificate]s (the “[Note] [Certificate]s”) issued by B of A Issuance B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated
under the laws of The Netherlands with its corporate seat in Amsterdam, The Netherlands (the “Issuer”) described, and having the provisions specified, in the consolidated terms and conditions (the “Terms and
Conditions”), which provisions are incorporated herein. Words and expressions defined or set out in the Terms and Conditions shall bear the same meaning when used herein. 
 The Issuer, subject to and in accordance with the Terms and Conditions, promises to pay or deliver to the bearer hereof any sums payable or amount
deliverable in respect thereof under the Terms and Conditions. 
 Payment hereunder is guaranteed by Bank of America Corporation (the
“Guarantor”), as set forth in the Guarantee Agreement executed by the Guarantor. 
 This Global [Note] [Certificate] shall be
exchanged in accordance with the Terms and Conditions. Upon the exchange of the outstanding principal amount of this Global [Note] [Certificate], it shall be surrendered to the Principal Agent. 
 [In case of a New Global Note][The nominal amount of Notes represented by this Global Note shall be the aggregate amount from time to time entered in the
records of both Euroclear Bank S.A./N.V. (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream, Luxembourg” and, together with Euroclear, the “Relevant Clearing
Systems”). The records of the Relevant Clearing Systems (which expression in this Global Note means the records that each Relevant Clearing System holds for its customers which reflect the amount of such customer’s interest in the
Notes) shall be conclusive evidence of the nominal amount of Notes represented by this Global Note and, for these purposes, a statement issued by a Relevant Clearing System (which statement shall be made available to the bearer upon request) stating
the nominal amount of Notes represented by this Global Note at any time shall be conclusive evidence of the records of the Relevant Clearing System at that time. 
 [In case of a Classic Global Note/Certificate] The nominal amount of the [Note] [Certificate] represented by this Global [Note] [Certificate] shall be the amount stated in the Terms and Conditions or, if lower, the
nominal amount most recently recorded by or on behalf of the Issuer, in the relevant column in Part II, III or IV of Schedule 1 or in Schedule 2. 
 On any redemption, payment of an Installment Amount, delivery or purchase and cancellation of any of the Notes represented by this Global Note, the Issuer shall procure that 
 [In case of a New Global Note] [details of such redemption, payment, delivery or purchase and cancellation (as the case may be) shall be entered pro rata
in the records of the Relevant Clearing Systems and, upon any such entry being made, the nominal amount of the Notes recorded in the records of the Relevant Clearing Systems and represented by this Global Note shall be reduced by the principal
amount of the Notes so redeemed or purchased and cancelled or by the amount of such installment so paid.] 
  

 A-84 

 [In case of a Classic Global Note/Certificate] [details of such redemption, payment, delivery or purchase
and cancellation (as the case may be) shall be entered in the relevant column in Part II, III or IV of Schedule 1 or in Schedule 2 hereto recording any such redemption, payment, delivery or purchase and cancellation (as the case may be) and shall be
signed by or on behalf of the Issuer. Upon any such redemption, payment of an Installment Amount, delivery or purchase and cancellation, the principal amount of such Notes represented by this Global [Note] [Certificate] shall be reduced by the
principal amount of the Notes so redeemed or purchased and cancelled or the amount of such Installment Amount.] 
 This Global [Note]
[Certificate] shall be exchanged. for security-printed Definitive [Notes] [Certificates], under the circumstances and in accordance with the Terms and Conditions, and (if applicable) Coupons, Receipts and/or Talons (on the basis that all the
appropriate details have been included on the face of such Definitive [Notes][Certificates] and (if applicable) Coupons, Receipts and/or Talon and the Final Terms have been incorporated on such Definitive [Notes] [Certificates]). Subject as
aforesaid and to at least 60 calendar days’ written notice expiring after the Exchange Date (as defined in the Temporary Global [Note] [Certificate] referred to above) being given to the Agent by the Relevant Clearing System, acting on the
instructions of any Holder of an interest in the Global [Note][Certificate], this exchange will be made upon presentation of this Global [Note] [Certificate] by the bearer hereof on any day (other than a Saturday or Sunday) on which banks are
open for business in London at the office of the Agent specified above. The aggregate principal amount of Definitive [Notes] [Certificates] issued upon an exchange of this Global [Note] [Certificate] will be equal to the aggregate
principal amount of this Global [Note] [Certificate] submitted by the bearer hereof for exchange (to the extent that such principal amount does not exceed the aggregate principal amount of this Global [Note] [Certificate] entered in the
records of the Relevant Clearing System. 
 This Permanent Global [Note] [Certificate] shall be governed by, and construed in accordance with
the laws of Germany. 
 This Permanent Global [Note] [Certificate] shall not become valid or obligatory for any purpose until the certificate
of authentication hereon shall have been duly signed by or on behalf of the Agent. 
 [Where the Global Note is intended to be held in a
manner that would allow Eurosystem-eligibility, this Permanent Global Note shall not become valid or obligatory for any purposes until it is duly effectuated by the entity appointed as common safekeeper by the Relevant Clearing System.] 

 

 A-85 

 IN WITNESS WHEREOF the Issuer has caused this Permanent Global Note to be duly signed on its behalf.

  

			
	B OF A ISSUANCE B.V.
		
	By:	 	  

		 	Managing Director A
		
	By:	 	  

		 	Managing Director B

 [CERTIFICATE OF AUTHENTICATION OF THE AGENT] 
 This Permanent Global Note is authenticated by or on behalf of the Agent. 
  

			
	THE BANK OF NEW YORK
	As Agent
		
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of authentication only.

 [CERTIFICATE OF EFFECTUATION] 
  

			
	[Insert the name of the common safekeeper]
	As common safekeeper
		
	By:	 	  

		 	Authorized Signatory
		 	For the purposes of effectuation only.

 Schedule 1 to the  
 Permanent Global [Note] [Certificate] 
  

 A-86 

 PART I 
 INTEREST PAYMENTS 
  

									
	 Interest Payment
Date
	 	Date of
Payment	 	Total Amount of
Interest Payable2	 	Amount of Interest
Paid1	 	Confirmation of
payment by or on
behalf of the Issuer
	3First	 		 		 		 	

  

	 2
	 Including Physical Delivery Amount(s), if applicable. 

	 3
	 Continue numbering until the appropriate number of interest payment dates for the particular Tranche of Certificates is
reached. 

  

 A-87 

 PART II 
 INSTALLMENT PAYMENTS 
  

											
	 Installment
 Date
	 	Date of
Payment	 	Total of
Installment
Amounts
Payable4	 	Amount of
Installment
Amounts Paid1	 	Remaining
principal
amount of
this Global
Note
following
such payment5	 	Confirmation
of
payment by
or on behalf
of the Issuer
	6First	 		 		 		 		 	

  

	 4
	 Including Physical Delivery Amount(s), if applicable. 

	 5
	 See most recent entry in Part II, III or IV of Schedule 1 or in Schedule 2 in order to determine this amount.

	 6
	 Continue numbering until the appropriate number of installment payment dates for the particular Tranche of Notes is
reached. 

  

 A-88 

 PART III 
 REDEMPTIONS 
  

							
	 Date of
 Redemption
	 	Total number of
[Note][Certificate]s
represented by this Global
[Note][Certificate] to
be
redeemed7	 	Remaining number of
[Note][Certificate]s
represented by this Global
[Note][Certificate]
following such redemption8	 	Confirmation
of redemption
by or on
behalf of the
Issuer

  

	 7
	 Including Physical Delivery Amount(s), if applicable. 

	 8
	 See most recent entry in Part II or III of Schedule 1 or in Schedule 2 in order to determine this amount.

  

 A-89 

 PART IV 
 PURCHASES AND CANCELLATIONS 
  

							
	 Date of purchase
 and cancellation
	 	Number of
[Note][Certificate]s
represented by this
Global [Note][Certificate]
purchased and
canceled	 	Remaining number of
[Note][Certificate]s
represented by this
Global [Note][Certificate]
following such
purchase
and cancellation9	 	Confirmation of
purchase and cancellation
by or on behalf of the
Issuer

  

	 9
	 See most recent entry in Part II or III of Schedule 1 or in Schedule 2 in order to determine this amount.

  

 A-90 

 Schedule 2 to the 
 Permanent Global [Note][Certificate] 
 SCHEDULE OF EXCHANGES 
 The following exchanges relating to this Global [Note][Certificate] have been made: 
  

							
	 Date of
exchange
	 	Increase in the number of
[Note][Certificate]s
represented by this Global
[Note][Certificate]
due to
exchanges of a Temporary
Global [Note][Certificate]
for this Global
[Note][Certificate]10	 	Decrease in the number
of [Note][Certificate]s
represented by
this
Global
[Note][Certificate] due to
exchanges of this Global
[Note][Certificate] for
Definitive
[Note][Certificate]s	 	Notation made by or
on behalf of the Issuer
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 
		 		 		 	
	 	 	 	 	 	 	 

  

	 10
	 If this Global Certificate has a maturity of less than one year from the Issue Date, the amount must be at least GBP
£100,000 (or its equivalent in any other currency or currencies). 

  

 A-91 

 Schedule 5 to 
 Agency Agreement 
 FORM OF PUT NOTICE 
 B OF A ISSUANCE B.V. 
 NOTES DUE 
 [year of Maturity Date/Redemption Month] 
 ISIN
[        ] 
  

			
	Principal Agent
		
	To:	 	The Bank of New York
		 	One Canada Square
		 	London
		 	E14 5AL
		 	United Kingdom
		 	Attention: Corporate Trust Administration
		 	Telephone: 0044 20 7964 4784
		 	Facsimile: 0044 20 7964 6399
		
	or	 	
	
	Paying Agent
		
	To:	 	The Bank of New York (Luxembourg) S.A.
		 	Aerogolf Center
		 	1A, Hoehenhof
		 	L-1736 Senningerberg
		 	Attention: Corporate Trust Administration
		 	Telephone: 00352 46 26 85 523
		 	Facsimile: 00352 46 26 85 804

 By depositing this duly completed Notice with any Paying Agent for the Notes of the above Series (the
“Notes”) the undersigned Noteholder referred to below irrevocably exercises its option to have such Notes redeemed on [            ] under the Terms and Conditions of the Note.

  

	
	The Notice relates to Notes in the aggregate principal amount of
                                        
                                        
                    
	                                      
  (            ), in the case of Definitive Notes bearing the following serial numbers:

 If the Notes referred to above are to be returned to the undersigned, they should be returned by post to (see Note
(1) below): 
  

	
	To:                                      
                                        
                                        
                                        
                                        
                                        
   

  

 A-92 

	
	Address:                                     
                                        
                                        
                                        
                                        
                                  
	
	For the Attention
of:                                       
                                        
                                        
                                        
                                        
         

 Payment Instructions for Securities held outside of Euroclear and/or Clearstream, Luxembourg or Clearstream,
Frankfurt 
 Please make payment in respect of the above-mentioned Notes as follows: 
  

					
	Receiving Bank Correspondent:
                                        
                        	  	
		
	SWIFT:
                                        
                                        
                             	  	
		
	Bank
Name:                                       
                                        
                       	  	
		
	SWIFT Code:                                    
                                        
                       	  	
		
	Beneficiary Account
Name:                                       
                                  	  	
		
	Account
No.:                                       
                                        
                      	  	
		
	Reference:                                     
                                        
                             	  	
		
	For:                                      
                                        
                                       
 	  	
		
	By:                                      
                                        
                                         
	  	
		
	Signature:                                     
                                        
                              	  	
		
	Print
Name:                                       
                                        
                        	  	
		
	Telephone
No.:                                       
                                        
                  	  	
		
	E-mail:                                     
                                        
                                   	  	
		
	Dated:                                     
                                        
                                    	  	

 To be completed by recipient Paying Agent in respect of physical definitive securities held outside of Euroclear
and/or Clearstream, Luxembourg or Clearstream, Frankfurt 
  

			
	Received
by:                                       
                                        
                    	  	
		
	Signature and stamp of Paying Agent	  	
		
	At its office
at:                                       
                                        
                	  	
		
	On:                                      
                                        
                                       	  	
		
	Time:                                     
                                        
                                   	  	

  

 A-93 

 Notes 
 (1) The Agency Agreement provides that Notes or authorities so returned will be sent by post, uninsured and at the risk of the Holder, unless the Holder otherwise requests and pays the costs of such insurance in
advance to the relevant Paying Agent. 
 (2) This Put Notice is not valid unless all of the paragraphs requiring completion are duly
completed. 
 (3) The Paying Agent with whom the above-mentioned Notes are deposited will not in any circumstances be liable to the depositing
Holder or any other person for any loss or damage arising from any act, default or omission of such Paying Agent in relation to the said Notes or any of them unless such loss or damage was caused by the fraud or gross negligence of such Paying Agent
or its directors, officers or employees. 
  

 A-94 

 Schedule 6 to 
 Agency Agreement 
 FORM OF ASSET TRANSFER NOTICE 
 B OF A ISSUANCE B.V. 
 NOTES DUE 

[year of Maturity Date/Redemption Month] 
 ISIN [        ] 
  

			
	Principal Agent
		
	To:	 	The Bank of New York
		 	One Canada Square
		 	London
		 	E14 5AL
		 	United Kingdom
		 	Attention: Corporate Trust Administration
		 	Telephone: 0044 20 7964 4784
		 	Facsimile: 0044 20 7964 6399
		
	or	 	
	
	Paying Agent
		
	To:	 	The Bank of New York (Luxembourg) S.A.
		 	Aerogolf Center
		 	1A, Hoehenhof
		 	L-1736 Senningerberg
		 	Attention: Corporate Trust Administration
		 	Telephone: 00352 46 26 85 523
		 	Facsimile: 00352 46 26 85 804

 By depositing this duly completed Notice with the Paying Agent, as provided in Terms and Conditions, the
undersigned Noteholder referred to below irrevocably sets forth its instruction to have the Physical Delivery Amount in respect of the Notes delivered as set forth herein under the Terms and Conditions. 
  

	
	The Notice relates to Notes in the aggregate principal amount
of                                       
                                        
                                        
      
	                                      
  (            ), in the case of Definitive Notes bearing the following serial numbers:
	
	                                      
                                        
                                        
                                        
                                        
                                        
          
	
	                                      
                                        
                                        
                                        
                                        
                                        
          

  

 A-95 

 If the [Note][Certificate]s referred to above are to be returned to the undersigned, they should be returned by post to
(see Note (1) below): 
  

	
	To:                                      
                                        
                                        
                                        
                                        
                                        
   
	
	Address:                                     
                                        
                                        
                                        
                                        
                                  
	
	For the Attention
of:                                       
                                        
                                        
                                        
                                        
         

 Delivery Instructions for Securities held outside of Euroclear and/or Clearstream, Luxembourg or Clearstream,
Frankfurt 
 Please make delivery of the Physical Delivery Amount and/or any cash amounts to be paid in respect of the above-mentioned Notes as follows:

 by transfer to the following account: 
 For Physical Delivery Amount: 
  

			
	Clearing System:                                   
                                        
           	  	
		
	Account Number:                                   
                                        
          	  	
		
	Account Name:                                   
                                        
              	  	

 For Cash Amounts: 
  

			
	Receiving Bank
Correspondent:                                     
                     	  	
		
	SWIFT:                                     
                                        
                          	  	
		
	Bank
Name:                                       
                                        
                	  	
		
	SWIFT
Code:                                       
                                        
             	  	
		
	Beneficiary Account
Name:                                       
                          	  	
		
	Account
No.:                                       
                                        
              	  	
		
	Reference:                                     
                                        
                     	  	

 Additional Agreements: 
  

	 	(i)	The undersigned hereby undertakes to pay all Expenses with respect to the relevant Notes, including any applicable depository charges, transactions or exercise charges, stamp duty,
stamp duty reserve tax and/or other taxes or duties arising from the delivery or transfer of the Physical Delivery Amount to or to the order of the undersigned. 

  

	 	(ii)	The undersigned certifies that the beneficial owner of each Note is not a U.S. person (as defined in Regulation S under the Securities Act of 1933, as amended), the Note is not
being redeemed within the United States or on behalf of a U.S. person and no cash, securities or other property have been or will be delivered within the United States or its possessions or to, or for the account or benefit of, a U.S. person in
connection with the transfer contemplated hereby. 

  

 A-96 

	 	(iii)	The undersigned authorizes the production of this Asset Transfer Notice, including the certifications herein, in any applicable governmental, judicial, administrative or legal
proceedings. 

  

			
	For:                                      
                                        
                                 	  	
		
	By:                                      
                                        
                                  	  	
		
	Signature:                                     
                                        
                      	  	
		
	Print
Name:                                       
                                        
                 	  	
		
	Telephone
No.:                                       
                                        
          	  	
		
	E-mail:                                     
                                        
                            	  	
		
	Dated:                                     
                                        
                             	  	

 To be completed by recipient Paying Agent in respect of physical definitive securities held outside of Euroclear
and/or Clearstream, Luxembourg or Clearstream, Frankfurt 
  

			
	Received by:                                   
                                        
                   	  	

 Signature and stamp of Paying Agent 
  

			
	At its office
at:                                       
                                        
           	  	
		
	On:                                      
                                        
                                  	  	
		
	Time:                                     
                                        
                               	  	

 Notes 
 (1) The Agency Agreement provides that Notes or authorities so returned will be sent by post, uninsured and at the risk of the Holder, unless the Holder otherwise requests and pays the costs of such insurance in advance to the relevant
Paying Agent. 
 (2) This Asset Transfer Notice is not valid unless all of the paragraphs requiring completion are duly completed. 

(3) The Paying Agent with whom the above-mentioned Notes are deposited will not in any circumstances be liable to the depositing Holder or any other
person for any loss or damage arising from any act, default or omission of such Paying Agent in relation to the said Notes or any of them unless such loss or damage was caused by the fraud or gross negligence of such Paying Agent or its directors,
officers or employees. 
  

 A-97 

 Schedule 7 to 
 Agency Agreement 
 FORM OF EXERCISE NOTICE 
 B OF A ISSUANCE B.V. 
 WARRANTS 
 ISIN [        ] 
  

			
	Principal Agent
		
	To:	 	The Bank of New York
		 	One Canada Square
		 	London
		 	E14 5AL
		 	United Kingdom
		 	Attention: Corporate Trust Administration
		 	Telephone: 0044 20 7964 4784
		 	Facsimile: 0044 20 7964 6399
		
	or	 	
	
	Paying Agent
	To:	 	The Bank of New York (Luxembourg) S.A.
		 	Aerogolf Center
		 	1A, Hoehenhof
		 	L-1736 Senningerberg
		 	Attention: Corporate Trust Administration
		 	Telephone: 00352 46 26 85 523
		 	Facsimile: 00352 46 26 85 804

 By depositing this duly completed Exercise Notice with the Paying Agent for the Warrants of the above Series (the
“Warrants”) the undersigned Warrantholder with this Exercise Notice and referred to below irrevocably exercises such Warrants on [            ] under the Terms and Conditions.

  

	
	The Exercise Notice relates to the exercise of an aggregate amount of
                                       
                                        
                                   
	                                      
  (            ) Warrants, [with an aggregate Strike Price
of                    ,] in the case of Definitive Warrants, bearing the following serial numbers:
	
	                                      
                                        
                                        
                                        
                                        
                                        
          
	
	                                      
                                        
                                        
                                        
                                        
                                        
          

 If the Warrants referred to above are to be returned to the undersigned under Clause 10(7) of the Agency
Agreement, they should be returned by post to (see Note (1) below): 
  

	
	To:                                      
                                        
                                        
                                        
                                        
                                        
   
	
	Address:                                     
                                        
                                        
                                        
                                        
                                  
	
	For the Attention
of:                                       
                                        
                                        
                                        
                                        
         

  

 A-98 

 Instructions 
 Please make delivery of any cash amount and/or any Physical Delivery Amount to be paid in respect of the above-mentioned Warrants as follows: 
  

			
	 Cash Settlement/Physical Delivery Settlement:                            
                                        
                                        
            
	 	

 (A) for Cash Settled Warrants: 
 Credit Cash Settlement Amount to: 
  

			
	Receiving Bank
Correspondent:                                     
                                        
                                        
            	  	
		
	SWIFT:                                     
                                        
                                        
                                        
                  	  	
		
	Bank
Name:                                       
                                        
                                        
                                        
        	  	
		
	SWIFT
Code:                                       
                                        
                                        
                                        
     	  	
		
	Beneficiary Account Name:
                                       
                                        
                                        
                 	  	
		
	Account No.:
                                       
                                        
                                        
                                        
     	  	
		
	Reference:                                     
                                        
                                        
                                        
             	  	

 (B) for Physical Delivery Warrants: 
 The following amount representing the Strike Price is herewith transmitted: 
  

	
	                                      
                                        
                                        
                                        
                  ($            )

 Credit Physical Delivery Amount to: 
  

			
	Clearing System:                                   
                                        
                                        
                                        
  	  	
		
	Account Number:                                   
                                        
                                        
                                         
	  	
		
	Account Name:                                   
                                        
                                        
                                        
     	  	

  

 A-99 

 Credit any cash payable to: 
  

			
	Receiving Bank
Correspondent:                                     
                                        
                                        
            	  	
		
	SWIFT:                                     
                                        
                                        
                                        
                  	  	
		
	Bank
Name:                                       
                                        
                                        
                                        
        	  	
		
	SWIFT
Code:                                       
                                        
                                        
                                        
     	  	
		
	Beneficiary Account Name:
                                       
                                        
                                        
                 	  	
		
	Account
No.:                                       
                                        
                                        
                                        
      	  	
		
	Reference:
                                       
                                        
                                        
                                        
          	  	

 Additional Agreements: 
  

	 	 (i)
	 [The undersigned hereby undertakes to pay all Expenses with respect to the Warrants being exercised, and authorizes the
Issuer or its agents to deduct an amount in respect thereof from any Cash Settlement Amount due to the undersigned.1] 

  

	 	 (ii)
	 [The undersigned hereby undertakes to pay all Expenses with respect to the Warrants being exercised.2]

  

	 	(iii)	The undersigned certifies that the beneficial owner of each Warrant is not a U.S. person (as defined in Regulation S under the Securities Act of 1933, as amended), the Warrant is
not being exercised within the United States or on behalf of a U.S. person and no cash or other property have been or will be delivered within the United States or its possessions or to, or for the account or benefit of, a U.S. person in connection
with the transfer contemplated hereby. 

  

	 	(iv)	The undersigned authorizes the production of this Exercise Notice, including the certifications herein, in any applicable governmental, judicial, administrative or legal
proceedings. 

  

			
	For:                                      
                                        
                                        
                                        
                         	  	
		
	By:                                      
                                        
                                        
                                        
                          	  	
		
	Signature:                                     
                                        
                                        
                                        
              	  	
		
	Print
Name:                                       
                                        
                                        
                                        
        	  	
		
	Telephone
No.:                                       
                                        
                                        
                                        
  	  	
		
	E-mail:                                     
                                        
                                        
                                        
                   	  	
		
	Dated:                                     
                                        
                                        
                                        
                     	  	

  

	 1
	 Include in the case of Cash Settled Warrants. 

	 2
	 Include in the case of Physical Delivery Warrants. 

  

 A-100 

 To be completed by recipient Paying Agent in respect of physical definitive securities held outside of Euroclear and/or
Clearstream, Luxembourg and/or Clearstream, Frankfurt 
 Received by:
                                        
                     
 Signature and stamp of Paying
Agent 
 At its office at:
                                        
                     
 On:
                                        
                     
 Time:
                                        
                     
 Notes 
 (1) The Agency Agreement provides that Warrants or authorities so returned will be sent by post, uninsured and at the risk of the Holder, unless the
Holder otherwise requests and pays the costs of such insurance in advance to the relevant Paying Agent. 
 (2) This Exercise Notice is not
valid unless all of the paragraphs requiring completion are duly completed. 
 (3) The Paying Agent with whom the above-mentioned Warrants are
deposited will not in any circumstances be liable to the depositing Holder or any other person for any loss or damage arising from any act, default or omission of such Paying Agent in relation to the said Warrants or any of them unless such loss or
damage was caused by the fraud or gross negligence of such Paying Agent or its directors, officers or employees. 
  

 A-101 

 Schedule 8 
 to Agency Agreement 
 FORM OF CERTIFICATE SETTLEMENT NOTICE 
 B OF A ISSUANCE B.V. 
 CERTIFICATES

 ISIN [            ] 
  

			
	Principal Agent
		
	To:	 	The Bank of New York
		 	One Canada Square
		 	London
		 	E14 5AL
		 	United Kingdom
		 	Attention: Corporate Trust Administration
		 	Telephone: 0044 20 7964 4784
		 	Facsimile: 0044 20 7964 6399
		
	or	 	
	
	Paying Agent
		
	To:	 	The Bank of New York (Luxembourg) S.A.
		 	Aerogolf Center
		 	1A, Hoehenhof
		 	L-1736 Senningerberg
		 	Attention: Corporate Trust Administration
		 	Telephone: 00352 46 26 85 523
		 	Facsimile: 00352 46 26 85 804

 By depositing this duly completed Certificate Settlement Notice with the Paying Agent, as provided in the Terms
and Conditions, the undersigned Certificateholder as are surrendered with this Certificate Settlement Notice and referred to below irrevocably sets forth its instruction to have the Physical Delivery Amount in respect of the Certificates delivered
as set forth herein under the Terms and Conditions. 
  

	
	The Certificate Settlement Notice relates to the exercise of a notional amount of
                                        
                                    
	                                      
  (            ) Certificates, in the case of Definitive Certificates, bearing the following serial numbers:

  

	
	                                      
                                        
                                        
                                        
                                        
                                        
          
	  
                                       
                                        
                                        
                                        
                                        
                                        
          

  

 A-102 

 If the Certificates referred to above are to be returned to the undersigned under the Terms and Conditions, they should
be returned by post to (see Note (1) below): 
  

	
	 To:                                      
                                        
                                        
                                        
                                        
                                        
             

	
	 Address:                                     
                                        
                                        
                                       
                                        
                                        
    

	
	 For the Attention of:                                
                                        
                                        
                                        
                                        
                          

 Instructions 
 Please make delivery of any cash amount and/or any Physical Delivery Amount to be paid in respect of the above-mentioned Certificates as follows: 
 (A) for Physical Delivery Amounts: 
 Credit Physical Delivery Amount to: 
  

			
	 Clearing System:                                   
                                        
                     
	  	
		
	 Account Number:                                   
                                        
                   
	  	
		
	 Account Name:                                   
                                        
                        
	  	

 (B) for Delivery of Cash Amounts: 
 Credit any cash payable to: 
  

			
	 Receiving Bank
Correspondent:                                     
                              
	  	
		
	 SWIFT:                                     
                                        
                                    
	  	
		
	 Bank
Name:                                       
                                        
                          
	  	
		
	 SWIFT
Code:                                       
                                        
                       
	  	
		
	 Beneficiary Account
Name:                                       
                                    
	  	
		
	 Account
No.:                                       
                                        
                        
	  	
		
	 Reference:                                     
                                        
                               
	  	

 Additional Agreements: 
  

	 	(v)	The undersigned hereby undertakes to pay all Expenses with respect to the relevant Certificates. 

  

	 	(vi)	The undersigned certifies that the beneficial owner of each Certificate is not a U.S. person (as defined in Regulation S under the Securities Act of 1933, as amended), the
Certificate is not being redeemed within the United States or on behalf of a U.S. person and no cash, securities or other property have been or will be delivered within the United States or its possessions or to, or for the account or benefit of, a
U.S. person in connection with the transfer contemplated hereby. 

  

 A-103 

	 	(vii)	The undersigned authorizes the production of this Certificate Settlement Notice, including the certifications herein, in any applicable governmental, judicial, administrative or
legal proceedings. 

  

			
	 For:                                      
                                        
                                        
   
	 	
		
	 By:                                      
                                        
                                        
    
	 	
		
	 Signature:                                     
                                        
                                
	 	
		
	 Print Name:                                    
                                        
                             
	 	
		
	 Telephone No.:                                   
                                        
                        
	 	
		
	 E-mail:                                     
                                        
                                     
	 	
		
	 Dated:                                     
                                        
                                      
 
	 	

 To be completed by recipient Paying Agent in respect of physical definitive securities held outside of Euroclear
and/or Clearstream, Luxembourg and/or Clearstream, Frankfurt 
  

			
	 Received by:                                   
                                        
                             
	 	
		
	Signature and stamp of Paying Agent	 	
		
	 At its office at:                                 
                                        
                           
	 	
		
	 On:                                      
                                        
                                        
   
	 	
		
	 Time:                                     
                                        
                                       
 
	 	

 Notes 
 (1) The Agency Agreement provides that Certificates or authorities so returned will be sent by post, uninsured and at the risk of the Holder, unless the Holder otherwise requests and pays the costs of such insurance in advance to the
relevant Paying Agent. 
 (2) This Certificate Settlement Notice is not valid unless all of the paragraphs requiring completion are duly
completed. 
 (3) The Paying Agent with whom the above-mentioned Certificates are deposited will not in any circumstances be liable to the
depositing Holder or any other person for any loss or damage arising from any act, default or omission of such Paying Agent in relation to the said Certificates or any of them unless such loss or damage was caused by the fraud or gross negligence of
such Paying Agent or its directors, officers or employees. 
  

 A-104 

 Schedule 9 to 
 Agency Agreement 
 FORM OF DEFINITIVE [NOTE][CERTIFICATE] 
 THIS [NOTE][CERTIFICATE] HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES
LAWS. NEITHER THIS [NOTE][CERTIFICATE] NOR ANY INTEREST OR PARTICIPATION IN THIS [NOTE][CERTIFICATE] MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF
COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS [NOTE][CERTIFICATE] MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME
BY ANY U.S. PERSON. 
 THIS [NOTE][CERTIFICATE] MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN,
NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED
STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO
CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 ANY UNITED STATES PERSON WHO HOLDS THIS
OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 THIS [NOTE][CERTIFICATE] IS A DEFINITIVE [NOTE][CERTIFICATE] WITH INTEREST COUPONS. THE RIGHTS ATTACHING TO THIS DEFINITIVE [NOTE][CERTIFICATE] ARE AS SPECIFIED HEREIN AND IN THE TERMS AND CONDITIONS (AS DEFINED
BELOW). 
 THIS [NOTE][CERTIFICATE] IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF OR GUARANTEED BY ANY BANKING OR NONBANKING AFFILIATE OF
THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNER
OF THIS [NOTE][CERTIFICATE] SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 [BY ACCEPTING THIS
OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON
BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]1 
  

	 1
	 [This language is applicable only to [Note] [Certificates] with maturities of 183 days or less from the date of original
issue.] 

  

 A-105 

 [Legend on definitive bearer [[Note][Certificate]]s: 
 [Unless between individuals not acting in the conduct of a profession or business, each transaction regarding this [Note][Certificate] which involves the physical delivery thereof within, from or into the Netherlands
must be effected (as required by the Dutch Savings Certificates Act (Wet inzake spaarbewijzen)) through the mediation of the Issuer, the Guarantor or a member of Euronext Amsterdam N.V. and, unless this [Note][Certificate] qualifies as
commercial paper or as a certificate of deposit and the transaction is between the professional parties, must be recorded in a transaction note which includes the name and address of each party to the transaction, the nature of the transaction and
the details and serial number of this [Note][Certificate].]2 
  

	2	Include on discounted bearer Certificates and other bearer Certificates on which interest does not become due and payable during their term but only at maturity (savings
certificates, as defined in the Dutch Savings Certificates Act) and which are (a) not listed on Euronext Amsterdam and (b) physically issued in the Netherlands or physically issued outside the Netherlands but distributed in the Netherlands
immediately thereafter. 

  

 A-106 

 B of A ISSUANCE B.V. 
 [Notional Amount of Tranche] 
 [NOTE][CERTIFICATE]S DUE [year of Settlement 
 Date/Settlement Month] 
 Series No.
[    ] 
 Tranche No. [    ] 
 [NOTE][CERTIFICATE] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE:

 TRANCHE: 
 [COMMON CODE:] 
 This [Note][Certificate] is one of a duly authorized issue of [Note][Certificate]s (the “[Note][Certificate]”) of B of A Issuance B.V., a
private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands with its corporate seat in Amsterdam, The Netherlands (the “Issuer”) described, and
having the provisions specified, in the consolidated terms and conditions (the “Terms and Conditions”), which provisions are incorporated herein. Words and expressions defined or set out in the Terms and Conditions shall bear the
same meaning when used herein. 
 The Issuer, subject to and in accordance with the Terms and Conditions, promises to pay or deliver to the
bearer hereof any sums payable or amount deliverable in respect thereof under the Terms and Conditions. 
 Payment hereunder is guaranteed by
Bank of America Corporation (the “Guarantor”), as set forth in the Guarantee Agreement executed by the Guarantor. 
 This
[Note] [Certificate] shall be governed by, and construed in accordance with the laws of Germany. 
 This [Note] [Certificate] shall not
become valid or obligatory for any purpose until the certificate of authentication hereon shall have been duly signed by or on behalf of the German Paying Agent. 
 IN WITNESS WHEREOF the Issuer has caused this [Note][Certificate] to be duly signed on its behalf. 
  

			
	B OF A ISSUANCE B.V.
		
	 By:
	 	  

		 	Managing Director A
		
	 By:
	 	  

		 	Managing Director B

  

 A-107 

 [NOTE][CERTIFICATE] OF AUTHENTICATION OF THE AGENT 
 This [Note][Certificate] is authenticated by or on behalf of the Agent. 
  

			
	THE BANK OF NEW YORK
	 as Agent

		
	 By:
	 	  

		 	Authorized Signatory
		 	For the purposes of authentication only.

  

 A-108 

 Schedule 10 to 
 Agency Agreement 
 FORM OF COUPON 
 THIS COUPON HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER
THIS COUPON NOR ANY INTEREST OR PARTICIPATION IN THIS COUPON MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS
AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS COUPON MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS COUPON MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY
CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS
SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT
AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER
THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 THIS COUPON IS NOT A
SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF OR GUARANTEED BY ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS COUPON SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 

B OF A ISSUANCE B.V. 
 [Specified Currency
and [Principal] [Notional] Amount of Tranche] 
 [NOTES/CERTIFICATES] DUE [Year of Maturity] 
 Series No. [            ] 
 ISIN: 
 [WKN:] 
 [VALOREN:]

 SERIE: 
 TRANCHE: 
 [COMMON CODE:] 
 Part A 
 [For Fixed Rate [Notes/Certificates]]: 
  

			
	This Coupon is payable to bearer, separately negotiable and subject to the Terms and Conditions of the said [Notes/Certificates].	  	Coupon No.                     
	  	Coupon for                      
	  	[    ]                      
	  	due on                
	  	[    ], 20[    ]]        

  

 A-109 

 Part B 
 [For Floating Rate [Notes/Certificates], Index Linked Interest [Notes/Certificates], Share Linked Interest [Notes/Certificates], Inflation Linked Interest [Notes/Certificates], Commodity Linked Interest [Notes/Certificates], FX Linked
Interest [Notes/Certificates] and Hybrid Interest [Notes/Certificates]:- 
  

			
	 	  	Coupon
No.                                       
         
	Coupon for the amount due in accordance with the	  	Coupon
due                            
	Terms and Conditions on the said [Notes/Certificates] on the	  	in [    ],
[20[    ]]                      
	Interest Payment Date falling
in                                 [20[    ]]	  	
		
	This Coupon is payable to bearer, separately negotiable and subject to such Terms and Conditions, under which it may become void before its due date.]	  	

 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME
TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER
REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES
PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]3 

 

			
	B OF A ISSUANCE B.V.
		
	By:	 	  

		 	Managing Director A
		
	By:	 	  

		 	Managing Director B

  

	3	[Appears only on Coupons relating to Notes and Certificates with maturities of 183 days or less from the date of original issue.] 

  

 A-110 

 (Reverse of Coupon) 
 AGENT 
 The Bank of New York 
 One Canada Square 
 London 
 E14 5AL 
 United Kingdom 
 PAYING AGENT 
 The Bank of New York (Luxembourg) S.A. 
 Aerogolf Center 
 1A, Hoehenhof 
 L-1736 Senningerberg 
 Luxembourg 
 GERMAN PAYING AGENT 
 The Bank of New
York 
 Filiale Frankfurt am Main 
 Niedenau 61-63 
 60325 Frankfurt am Main 
 Germany 
 and/or such other or further Agent and other or further Paying Agents and/or specified offices as may from time to
time be duly appointed by the Issuer and notice of which has been given to the Holders. 
  

 A-111 

 Schedule 11 to 
 Agency Agreement 
 FORM OF RECEIPT 
 THIS RECEIPT HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS RECEIPT NOR ANY INTEREST OR PARTICIPATION IN
THIS RECEIPT MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR
TO ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS RECEIPT MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS RECEIPT MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR
ORGANIZED IN OR UNDER THE LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT
WITHIN THE UNITED STATES IS ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES
TREASURY REGULATIONS. 
 ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING
THE LIMITATIONS PROVIDED IN SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 THIS RECEIPT IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN
OBLIGATION OF OR GUARANTEED BY ANY BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS RECEIPT SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 [BY ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4)
OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS
THEREUNDER).]1 
  

	1	[Appears only on Receipts relating to Notes and Certificates with maturities of 183 days or less from the date or original issue.] 

  

 A-112 

 B OF A ISSUANCE B.V. 
 [Specified Currency and Principal Amount of Tranche] 
 [NOTES] [CERTIFICATES] DUE [Year of Maturity]

 Series No. [    ] 
 ISIN:

 [WKN:] 
 [VALOREN:] 
 SERIE: 
 TRANCHE: 
 [common code:] 
 Receipt for the sum of
[            ] being the installment of principal payable in accordance with the Terms and Conditions of the [Note] [Certificate]s endorsed on the [Note] [Certificate] to which this Receipt
appertains (the “Terms and Conditions”) on [            ]. 
 This Receipt is issued
subject to and in accordance with the Terms and Conditions which shall be binding upon the Holder of this Receipt (whether or not it is for the time being attached to such [Note] [Certificate]) and is payable at the specified office of the Agent or
any of the Paying Agents set out on the reverse of the [Note] [Certificate] to which this Receipt appertains (and/or any other or further Paying Agents and/or specified offices as may from time to time be duly appointed and notified to the Holders).

 This Receipt must be presented for payment together with the [Note] [Certificate] to which it appertains. The Issuer shall have no obligation in respect
of any Receipt presented without the [Note] [Certificate] to which it appertains or any unmatured Receipts. 
  

			
	B OF A ISSUANCE B.V.
		
	By:	 	  

		 	Managing Director A
		
	By:	 	  

		 	Managing Director B

  

 A-113 

 Schedule 12 to 
 Agency Agreement 
 FORM OF TALON 
 THIS TALON HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS TALON NOR ANY INTEREST OR PARTICIPATION IN
THIS TALON MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING THE STATES AND THE DISTRICT OF COLUMBIA), ITS TERRITORIES, ITS POSSESSIONS AND OTHER AREAS SUBJECT TO ITS JURISDICTION OR TO
ANY PERSON DEEMED A U.S. PERSON UNDER REGULATION S UNDER THE SECURITIES ACT. THIS TALON MAY NOT BE LEGALLY OR BENEFICIALLY OWNED AT ANY TIME BY ANY U.S. PERSON. 
 THIS TALON MAY NOT BE OFFERED, SOLD, OR DELIVERED WITHIN THE UNITED STATES OR ITS POSSESSIONS OR TO ANY CITIZEN, NATIONAL OR RESIDENT OF THE UNITED STATES, ANY CORPORATION, PARTNERSHIP OR OTHER ENTITY CREATED OR ORGANIZED IN OR UNDER THE
LAWS OF THE UNITED STATES OR ANY POLITICAL SUBDIVISION THEREOF, OR TO ANY ESTATE THE INCOME OF WHICH IS SUBJECT TO UNITED STATES FEDERAL INCOME TAXATION REGARDLESS OF ITS SOURCE OR ANY TRUST WITH RESPECT TO WHICH A COURT WITHIN THE UNITED STATES IS
ABLE TO EXERCISE PRIMARY SUPERVISION OVER ITS ADMINISTRATION, AND ONE OR MORE UNITED STATES PERSONS HAVE THE AUTHORITY TO CONTROL ALL OF ITS SUBSTANTIAL DECISIONS, EXCEPT AS PERMITTED UNDER APPLICABLE UNITED STATES TREASURY REGULATIONS. 

ANY UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN
SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE. 
 THIS TALON IS NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF OR GUARANTEED BY ANY
BANKING OR NONBANKING AFFILIATE OF THE ISSUER AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 NEITHER
THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS TALON SHALL BE ENTITLED TO RECEIVE PAYMENT OF INTEREST HEREON EXCEPT PURSUANT TO THE PROVISIONS HEREOF. 
 [BY
ACCEPTING THIS OBLIGATION, THE HOLDER REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER) AND THAT IT IS NOT
ACTING FOR OR ON BEHALF OF A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SECTION 6049(b)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).]1 
  

	1	[Appears only on Talons relating to Notes and Certificates with maturities of 183 days or less from the date of original issue.] 

  

 A-114 

 (On the front) 
 [Specified Currency and Principal Amount of Tranche] 
 [NOTES] [CERTIFICATES] DUE [Year of Maturity] 
 Series No. [    ] 
 ISIN: 
 [WKN:] 
 [VALOREN:] 
 SERIE: 
 TRANCHE: 
 [COMMON CODE:] 
  

 A-115 

 On and after [    ] further Coupons [and a further Talon] appertaining to the [Note] [Certificate] to
which this Talon appertains will be issued at the specified office of the Agent or any of the Paying Agents set out on the reverse hereof (and/or any other or further Paying Agents and/or specified offices as may from time to time be duly appointed
and notified to the Holders) upon production and surrender of this Talon. 
 This Talon may, in certain circumstances, become void under the Terms and
Conditions of the [Note] [Certificate]s endorsed on the [Note] [Certificate]s to which this Talon appertains. 
  

			
	B OF A ISSUANCE B.V.
		
	By:	 	  

		 	Managing Director A
		
	By:	 	  

		 	Managing Director B

  

 A-116 

 (Reverse of Receipt and Talon) 
 AGENT 
 The Bank of New York 
 One Canada Square 
 London 
 E14 5AL 
 United Kingdom 
 PAYING AGENT 
 The Bank of New York (Luxembourg) S.A. 
 Aerogolf Center 
 1A, Hoehenhof 
 L-1736 Senningerberg 
 Luxembourg 
 GERMAN PAYING AGENT 
 The Bank of New
York 
 Filiale Frankfurt am Main 
 Niedenau 61-63 
 60325 Frankfurt am Main 
 Germany 
 and/or such other or further Agent and other or further Paying Agents and/or specified offices as may from time to
time be duly appointed by the Issuer and notice of which has been given to the Holders. 
  

 A-117

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