Document:

exv10wa

Exhibit 10(a)

DIRECTORS’ STOCK PLAN

RESTRICTED STOCK AWARD AGREEMENT

	 	 	 	 	 	 	 	 	 	 	 	 
	 	GRANTED TO
	 	 	AWARD DATE
	 	 	NUMBER OF

SHARES
	 	 	FAIR MARKET VALUE

PER SHARE	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

This Restricted Stock Award Agreement (the “Agreement”) is made between Bank of America
Corporation, a Delaware corporation (“Bank of America”), and you, a Nonemployee Director of Bank of
America.

Bank of America sponsors the Bank of America Corporation Directors’ Stock Plan (the “Plan”). A
Prospectus describing the Plan is enclosed as Exhibit A. The Plan itself is available upon
request, and its terms and provisions are incorporated herein by reference. When used herein, the
terms which are defined in the Plan shall have the meanings given to them in the Plan, as modified
herein (if applicable).

The award described in this Agreement is for the number of shares of Bank of America Common Stock
shown above (the “Shares”). You and Bank of America mutually covenant and agree as follows:

	1.	 	The award of the Shares is subject to the terms and conditions of the Plan and this
Agreement. You acknowledge having read the Prospectus and agree to be bound by all the terms
and conditions of the Plan and this Agreement.
	 
	2.	 	You agree that, upon request, you will furnish a letter agreement providing that you will not
distribute or resell any of said Shares in violation of the U.S. Securities Act of 1933, as
amended, that you will indemnify and hold Bank of America harmless against all liability for
any such violation and that you will accept all liability for any such violation.
Notwithstanding anything to the contrary herein, the grant, vesting and settlement of this
award are conditioned on the receipt of any necessary [___] regulatory approval.
	 
	3.	 	The Shares shall not become vested until the first anniversary of the Award Date stated above
(or, if earlier, the date of the next annual meeting of the stockholders of Bank of America)
(the “Vesting Date”). If you cease to serve as a Nonemployee Director before the Vesting Date
due to your death, or if there is a Change in Control prior to the Vesting Date, then the
Shares shall become fully vested as of the date of such death or Change in Control, as
applicable. If you cease to serve as a Nonemployee Director at any time for any reason other
than death before the earlier of the Vesting Date or a Change in Control, then the Shares
shall become vested pro rata (based on the number of days between the Award Date and the date
of cessation of services divided by 365 days), and to the extent the Shares are not thereby
vested they shall be forfeited as of the date

Non-U.S.
Restricted Stock Award Agreement – Directors’ Stock Plan

 

 

	 
	 	 	of such cessation of services. Until they become vested, the Shares shall be held by Bank of
America. Vested Shares shall be delivered to you as soon as practicable following the
applicable Vesting Date. In that regard, you agree that you shall comply with (or provide
adequate assurance as to future compliance with) all applicable securities laws as determined
by Bank of America as a condition precedent to the delivery of the Shares. While the Shares are
held by Bank of America, you shall not have the right to sell or otherwise dispose of such
Shares or any interest therein.
	 
	4.	 	In accordance with Section 5(c) of the Plan, you shall have the right to receive dividends on
the Shares and to vote the Shares prior to vesting.
	 
	5.	 	You acknowledge and agree that upon your cessation of services as a Nonemployee Director
resulting in the forfeiture of any unvested Shares in accordance with paragraph 3 above, (i)
your right to vote and to receive cash dividends on, and all other rights, title or interest
in, to or with respect to, unvested Shares shall automatically, without further act, terminate
and (ii) the unvested Shares shall be returned to Bank of America. You hereby irrevocably
appoint (which appointment is coupled with an interest) Bank of America as your agent and
attorney-in-fact to take any necessary or appropriate action to cause the Shares to be
returned to Bank of America, including without limitation executing and delivering stock
powers and instruments of transfer, making endorsements and/or making, initiating or issuing
instructions or entitlement orders, all in your name and on your behalf. You hereby ratify and
approve all acts done by Bank of America as such attorney-in-fact. Without limiting the
foregoing, you expressly acknowledge and agree that any transfer agent for the Shares is fully
authorized and protected in relying on, and shall incur no liability in acting on, any
documents, instruments, endorsements, instructions, orders or communications from Bank of
America in connection with the Shares or the transfer thereof, and that any such transfer
agent is a third party beneficiary of this Agreement.
	 
	6.	 	The existence of this award shall not affect in any way the right or power of Bank of America
or its stockholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in Bank of America’s capital structure or its business, or
any merger or consolidation of Bank of America, or any issue of bonds, debentures, preferred
or prior preference stocks ahead of or convertible into, or otherwise affecting the Common
Stock or the rights thereof, or the dissolution or liquidation of Bank of America, or any sale
or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise.
	 
	7.	 	Any notice which either party hereto may be required or permitted to give to the other shall
be in writing and may be delivered personally, by fax or by mail to such address and directed
to such person(s) as Bank of America may notify you from time to time; and to you, at your
address as shown on the records of Bank of America, or at such other address as you, by notice
to Bank of America, may designate in writing from time to time.
	 
	8.	 	Regardless of any action Bank of America takes with respect to any or all income tax or other
tax-related withholding (“Tax-Related Items”), you acknowledge that the ultimate liability for
all Tax-Related Items owed by you is and remains your responsibility and may exceed the amount
(if any) withheld by Bank of America. You acknowledge that Bank of America (a) makes no
representations or undertakings regarding the treatment of any Tax-Related Items in connection
with any aspect of the award of Shares, including the grant and vesting of the Shares, the
release and delivery of Shares to you, the subsequent sale of Shares acquired upon the
delivery of the

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Non-U.S.
Restricted Stock Award Agreement – Directors’ Stock Plan

 

	 	 	Shares and the receipt of any dividends, and (b) does not commit to structure the terms of the
award or any aspect of the Shares to reduce or eliminate your liability for Tax-Related Items.
Further, if you have become subject to Tax-Related Items in connection with the Shares in more
than one jurisdiction, you acknowledge that Bank of America may be required to withhold or
account for Tax-Related Items in more than one jurisdiction.
	 
	 	 	In the event Bank of America determines that it must withhold any Tax-Related Items as a result
of your participation in the Plan, you agree as a condition of the award of the Shares to make
arrangements satisfactory to Bank of America to enable it to satisfy all withholding
requirements by all legal means, including, but not limited to, withholding any applicable
Tax-Related Items from the Shares, withholding Tax-Related Items from other compensation (if
any) Bank of America pays to you and/or withholding Tax-Related Items from the cash proceeds
(if any) received upon any sale of any Shares. Bank of America may refuse to deliver any
Shares if you fail to comply with any withholding obligation.
	 
	 	 	Bank of America is not providing any tax, legal or financial advice, nor is Bank of America
making any recommendations regarding the Shares and you have been advised to consult with your
personal tax, legal and financial advisors regarding the Shares before taking any action in
relation thereto.
	 
	9.	 	You hereby explicitly and unambiguously consent to the collection, use and transfer, in
electronic or other form, of your personal data, as described in this Agreement, by Bank of
America for the exclusive purpose of implementing, administering and managing the award of
Shares and your participation in the Plan. You understand that Bank of America holds certain
personal information about you, including, but not limited to, your name, home address and
telephone number, date of birth, social insurance number or other identification number,
salary, nationality, job title, any shares of stock or directorships held in Bank of America,
details of any entitlement to shares of stock awarded, canceled, exercised, vested, unvested
or outstanding in your favor, for the exclusive purpose of implementing, administering and
managing the award of Shares and your participation in the Plan (“Data”).
	 
	 	 	You understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the award, that these recipients may be
located in your country or elsewhere, and that the recipient’s country may have different data
privacy laws and protections from your country. You understand that you may request a list
with the names and addresses of any potential recipients of Data by contacting Executive
Compensation. You authorize the recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purpose of implementing, administering and managing
the award. You understand that Data will be held only as long as is necessary to implement,
administer and manage the award and your participation in the Plan. You understand that you
may, at any time, view Data, request additional information about the storage and processing of
Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in
any case without cost, by contacting in writing Executive Compensation. You understand,
however, that refusing or withdrawing your consent may affect your ability to benefit from the
award of Shares evidenced by this Agreement. For more information on the consequences of your
refusal to consent or withdrawal of consent, you understand that you may contact Executive
Compensation.

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Non-U.S.
Restricted Stock Award Agreement – Directors’ Stock Plan

 

	 
	10.	 	The validity, construction and effect of this Agreement are governed by, and subject to, the
laws of the United States and the laws of the State of Delaware, as provided in the Plan. For
purposes of litigating any dispute that arises directly or indirectly from the relationship of
the parties evidenced by this award or this Agreement, the parties hereby submit to and
consent to the exclusive jurisdiction of North Carolina and agree that such litigation shall
be conducted solely in the courts of Mecklenburg County, North Carolina or the federal courts
of the United States for the Western District of North Carolina, where this award is made
and/or to be performed, and no other courts.

	11.	 	In the event any provision of this Agreement shall be held illegal or invalid for any reason,
the illegality or invalidity shall not affect the remaining parts of the Agreement, and the
Agreement shall be construed and enforced as if the illegal or invalid provision had not been
included. This Agreement constitutes the final understanding between you and Bank of America
regarding the Shares. Any prior agreements, commitments or negotiations concerning the Shares
are superseded.

	12.	 	If you move to a country other than the one in which you are currently residing prior to the
delivery of the Shares to you, additional terms and conditions may apply to the Shares. Bank
of America reserves the right to impose other requirements on the Shares to the extent Bank
of America determines it is necessary or advisable in order to comply with local laws or
facilitate the administration of the Shares and to require you to sign any additional
agreements or understandings that may be necessary to accomplish the foregoing.

IN WITNESS WHEREOF, Bank of America has caused this Agreement to be executed by its duly
authorized officer, and you have hereunto set your hand, all as of the day and year first above
written.

	 	 	 
	BANK OF AMERICA CORPORATION

	 	NONEMPLOYEE DIRECTOR:
	 
	 	 
	 
	 	 
	 

	 	 
	Chief Executive Officer and President
	 	 

 

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Non-U.S.
Restricted Stock Award Agreement – Directors’ Stock Planexv10w1

EXHIBIT 10.1

SECOND AMENDMENT TO MASTER LICENSE AGREEMENT

BETWEEN CARIBOU COFFEE COMPANY, INC. AND ARABIAN COFFEE

FZCO

     This Second Amendment to Master License Agreement (the “Second MLA Amendment”) is entered into
and made effective as of 24th June, 2011 (“Effective Date,” regardless of the dates of the parties’
signatures) by and between CARIBOU COFFEE COMPANY, INC., a Minnesota, U.S.A. corporation
(“CARIBOU”), and ARABIAN COFFEE FZCO, a Jebel Ali Free Zone company (“ACC”).

     1. Background. (a) On June 23, 2004 and November 10, 2004, CARIBOU signed a Master
License Agreement (the “MLA”) with Al Sayer Enterprises for General Contracting for Building Co.
(Naser Mohamed Al Sayer & Partners), a Kuwait limited liability organization (“Al Sayer”), pursuant
to which CARIBOU granted to Al Sayer the right to construct, open, and operate, and to grant
sublicenses to others to construct, open, and operate, CARIBOU COFFEE® Coffeehouses (the
“Coffeehouses”) within a Development Area encompassing the countries of Bahrain, Egypt, Iraq,
Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey, United Arab Emirates, and Yemen. On
November 17, 2005, pursuant to a formal Assignment and Assumption Agreement executed by the
parties, Al Sayer assigned to ACC, with CARIBOU’S prior written consent, the MLA and all
of Al Sayer’s rights and obligations under the MLA, and ACC accepted the assignment and assumed and
agreed to be bound by all of Al Saver’s obligations under the MLA. Concurrently with signing the
Assignment and Assumption Agreement, Al Sayer signed a Guaranty and Assumption of Obligations under
which Al Sayer. among other things, guaranteed ACC’s performance, and agreed to remain responsible
for the performance of all obligations, under the MLA. On November 1, 2006, CARIBOU and ACC
formally amended the MLA to reflect certain business changes to which they had agreed relating to
development of the CARIBOU COFFEE® brand under the MLA in the countries comprising the Development
Area (the “First MLA Amendment”). [References to the MLA in this Second MLA Amendment are to the
MLA, as amended by the First MLA Amendment.]

     (b) CARIBOU and ACC have discussed making additional changes to the MLA to expand ACC’s
development rights with respect to the CARIBOU COFFEE® brand within the Development Area and now
wish to reflect those changes in this Second MLA Amendment. This Second MLA Amendment is annexed to
and intended to form part of and modify the MLA. Except as expressly provided in this Second MLA
Amendment, the MLA (as amended by the First MLA Amendment) remains in full force and effect as
originally written. If there is any inconsistency between the MLA (as amended by the First MLA
Amendment) and this Second MLA Amendment, this Second MLA Amendment’s terms will govern. All terms
used but not defined in this Second MLA Amendment will have the meanings set forth in the MLA.

     2. Definition of “Development Term”. The definition of “Development Term” in Section 2
of the MLA is amended to read as follows:

	 	 	“Development Term” — the period during which MASTER LICENSEE is authorized to
establish Coffeehouses directly or through Affiliates under

 

 

License Agreements and to grant Sublicenses under Sublicense Agreements, which
period will commence on the Effective Date and expire, unless sooner terminated according
to this Agreement’s terms, on December 31, 2021.

     3. Development Quota. Exhibit A of the MLA, which identifies the Development Quota that ACC
must satisfy during specific Development Periods during the Development Term, is amended to read as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Cumulative	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Number of	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Coffeehouses	 
	 	 	 	 	 	 	 	 	 	 	Coffeehouses	 	 	to be Open	 
	 	 	Date	 	 	 	 	 	 	to be Opened	 	 	and Operating	 
	 	 	Development	 	 	Date	 	 	During	 	 	in the	 
	Development	 	Period	 	 	Development	 	 	Development	 	 	Development	 
	Period	 	Commences	 	 	Period Ends	 	 	Period	 	 	Area	 
	First (1st)
	 	January 1, 2005	 	December 31, 2005	 	 	1	 	 	 	1	 
	Second (2nd)
	 	January 1, 2006	 	December 31, 2006	 	 	15	 	 	 	16	 
	Third (3rd)
	 	January 1, 2007	 	December 31, 2007	 	 	15	 	 	 	31	 
	Fourth (4th)
	 	January 1, 2008	 	December 31, 2008	 	 	20	 	 	 	51	 
	Fifth (5th)
	 	January 1, 2009	 	December 31, 2009	 	 	20	 	 	 	71	 
	Sixth (6th)
	 	January 1, 2010	 	December 31, 2010	 	 	13	 	 	 	84	 
	Seventh (7th)
	 	January 1, 2011	 	December 31, 2011	 	 	20	 	 	 	104	 
	Eighth (8th)
	 	January 1, 2012	 	December 31, 2012	 	 	44	 	 	 	148	 
	Ninth (9th)
	 	January 1, 2013	 	December 31, 2013	 	 	32	 	 	 	180	 
	Tenth (10th)
	 	January 1, 2014	 	December 31, 2014	 	 	31	 	 	 	211	 
	Eleventh (11th)
	 	January 1, 2015	 	December 31, 2015	 	 	26	 	 	 	237	 
	Twelfth (12th)
	 	January 1, 2016	 	December 31, 2016 	 	 	26	 	 	 	263	 
	Thirteenth (13th)
	 	January 1, 2017	 	December 31, 2017	 	 	21	 	 	 	284	 
	Fourteenth (14th)
	 	January 1, 2018	 	December 31, 2018	 	 	21	 	 	 	305	 
	Fifteenth (15th)
	 	January 1, 2019	 	December 31, 2019	 	 	18	 	 	 	323	 
	Sixteenth (16th)
	 	January 1, 2020	 	December 31, 2020	 	 	15	 	 	 	338	 
	Seventeenth (17th)
	 	January 1, 2021	 	December 31, 2021	 	 	12	 	 	 	350	 

2

 

     4. (a) Initial Rental Payments for Rights to Territory. Section 7.A.(2) of
the MLA is amended to read as follows:

     (2) One Million Two Hundred Fifty Thousand Dollars
($1,250,000) in a lump sum upon signing this Agreement as partial
payment for the initial rental payments due to LICENSOR for each of
the first two hundred fifty (250) CARIBOU COFFEE Coffeehouses
scheduled for development in the Development Area during the
Development Term.

     (b) Initial Rental Payments for Licenses and Sublicenses. Section 7.B. of the MLA
is amended to read as follows:

     In addition to the initial rental payments specified in
Section 7.A. above, and subject to the three (3) exceptions
provided below in this Section 7.B., MASTER LICENSEE shall pay
LICENSOR:

(1) a Twenty Thousand Dollar ($20,000) initial rental payment for
each of the first one hundred (100) CARIBOU COFFEE Coffeehouses in
the Development Area for which a License Agreement is signed;

(2) a Fifteen Thousand Dollar ($15,000) initial rental payment for
each of the one hundred and first (101st) through two hundred
fiftieth (250th) CARIBOU COFFEE Coffeehouses in the Development
Area for which a License Agreement is signed;

(3) a Fifteen Thousand Dollar ($15,000) initial rental payment for
each of the two hundred fifty-first (251st) and subsequent CARIBOU
COFFEE Coffeehouses in the Development Area for which a License
Agreement is signed;

(4) a Ten Thousand Dollar ($10,000) initial rental payment for each
CARIBOU COFFEE Coffeehouse in the Development Area for which a
Sublicense Agreement is signed (between MASTER LICENSEE and a party
that is not an Affiliate of MASTER LICENSEE), if that CARIBOU
COFFEE Coffeehouse is one of the first two hundred fifty (250)
CARIBOU COFFEE Coffeehouses in the Development Area for which a
License Agreement or Sublicense Agreement is signed; and

(5) a Ten Thousand Dollar ($10,000) initial rental payment for each
CARIBOU COFFEE Coffeehouse in the Development Area for which a
Sublicense Agreement is signed (between MASTER LICENSEE and a party
that is not an Affiliate of MASTER LICENSEE), if that CARIBOU
COFFEE Coffeehouse is one of the two hundred fifty-first (251st)
and subsequent CARIBOU COFFEE Coffeehouses in the Development Area
for which a License Agreement or Sublicense Agreement is signed.

3

 

The three (3) exceptions to the initial rental payments specified above are that: (i) the
initial rental payment that MASTER LICENSEE must pay for each CARIBOU COFFEE Coffeehouse
Kiosk in the Development Area, if that CARIBOU COFFEE Coffeehouse Kiosk is one of the first
two hundred fifty (250) CARIBOU COFFEE Coffeehouses in the Development Area for which a
License Agreement is signed, shall be Ten Thousand Dollars ($10,000), (ii) the initial
rental payment that MASTER LICENSEE must pay for each CARIBOU COFFEE Coffeehouse Kiosk in
the Development Area, if that CARIBOU COFFEE Coffeehouse Kiosk is one of the two hundred
fifty-first (251st) or subsequent CARIBOU COFFEE Coffeehouses in the Development Area for
which a License Agreement is signed, shall be Ten Thousand Dollars ($10,000), and (iii) the
initial rental payment that MASTER LICENSEE must pay for a second or subsequent CARIBOU
COFFEE Coffeehouse for which a License Agreement is signed and that is developed and
intended to be operated at the same location at which another CARIBOU COFFEE Coffeehouse
already operates (for example, two CARIBOU COFFEE Coffeehouses in the same mall) shall be
Ten Thousand Dollars ($10,000).

Five Thousand Dollars ($5,000) of the initial rental payment paid under Section 7.A.(2)
above shall be applied as a credit against each initial rental payment due for each of the
first two hundred fifty (250) CARIBOU COFFEE Coffeehouses in the Development Area for which
a License Agreement or Sublicense Agreement is signed.

After the Five Thousand Dollar ($5,000) credits referenced in the preceding paragraph have
been applied against the initial rental payments due for each of the first two hundred
fifty (250) CARIBOU COFFEE Coffeehouses in the Development Area for which a License
Agreement or Sublicense Agreement is signed, MASTER LICENSEE must pay LICENSOR without
credit the full initial rental payment, as applicable in the circumstances described above,
for each CARIBOU COFFEE Coffeehouse in the Development Area for which additional License
Agreements or Sublicense Agreements are signed. This paragraph recognizes that, during the
Development Term and because of closures and other circumstances, MASTER LICENSEE
necessarily will sign more than two hundred fifty (250) License Agreements and Sublicense
Agreements in order to satisfy the Development Quota with respect to the first two hundred
fifty (250) CARIBOU COFFEE Coffeehouses that must be open and operating in the Development
Area and that, with the two hundred fiftieth (250th) License Agreement and/or Sublicense
Agreement signed, MASTER LICENSEE will have used and exhausted all previously-paid
deposits. Beginning with the two hundred fifty-first (251st) cumulative License Agreement
or Sublicense Agreement signed, and in connection with all subsequent License Agreements
and Sublicense Agreements signed, MASTER LICENSEE must pay LICENSOR the full initial rental
payment due for the CARIBOU COFFEE Coffeehouses covered by such License Agreements and
Sublicense Agreements, without any further credit. Previous credits may not be re-applied.

4

 

If MASTER LICENSEE or its Affiliate signs a License Agreement for a
Coffeehouse, the required payment is due when it signs the License Agreement. However, if a
Sublicense Agreement is signed for a Coffeehouse, the required payment is due within
fifteen (15) days after the Sublicensee signs the Sublicense Agreement, whether or not the
Sublicensee makes any payment to MASTER LICENSEE. These rental payments are nonrefundable
and fully earned by LICENSOR upon payment. [The rental payments specified above will be
treated as license fee payments for United States tax and accounting purposes.]

     IN WITNESS WHEREOF, the parties have executed and delivered this Amendment on the dates of
their signatures below, to be effective as of the Effective

	 	 	 	 	 	 	 

	CARIBOU COFFEE COMPANY, INC., a	 	ARABIAN COFFEE FZCO,  a Jebel Ali Free
	Minnesota, U.S.A. corporation	 	Zone company
	 
	 	 	 	 	 	 
	By:

	/s/ Daniel Humile	By: 	/s/ Sayer Badre Al Sayer
	 

	 
	 	 	 
	 

	Daniel Humile
	 	 	Sayer Badre Al Sayer
	Title:  Senior Vice President, Retail
	 	Title:  Executive Director
	 
	 	 	 	 	 	 
	Date:

	 	6/24/11
	 	Date:
	 	24/06/2011

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