Document:

Form of Registrant's

 Exhibit 4.1 
 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A
PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A
NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 Unless this Note is presented by an authorized representative of The Depository Trust Company, a New York corporation (55 Water Street, New York, New York) (“DTC”), to the Corporation or its agent for registration of transfer,
exchange or payment, and this Note is registered in the name of Cede & Co. or such other name as requested by an authorized representative of DTC, and unless any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein. 
 THIS NOTE IS
NOT A SAVINGS ACCOUNT OR A DEPOSIT, IS NOT AN OBLIGATION OF OR GUARANTEED BY ANY BANKING OR NONBANKING AFFILIATE OF BANK OF AMERICA CORPORATION, AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

  

			
	 REGISTERED
	  	$8,000,000
	 NUMBER __I-_____
	  	CUSIP 06050 MFZ5

 BANK OF AMERICA CORPORATION 
 MEDIUM-TERM SENIOR NOTE, SERIES K 
 (Indexed Note) 
  

	 ̈	SEE THE ATTACHED PRINCIPAL REPAYMENT AMOUNT RIDER for a description of the PRINCIPAL REPAYMENT AMOUNT and its method of calculation. 

  

	x	SEE THE ATTACHED SUPPLEMENTAL REDEMPTION AMOUNT RIDER for a description of the SUPPLEMENTAL REDEMPTION AMOUNT and its method of calculation 

 ORIGINAL ISSUE DATE: August 24, 2006 
 MATURITY DATE: August 26,
2010 
 CALCULATION AGENT: Banc of America Securities LLC (“BAS”) 
 ADDITIONAL TERMS: See Supplemental Redemption Amount Rider 
 MINIMUM DENOMINATIONS: $1,000 and whole multiples of $1,000.

 BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation,” which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received, hereby promises to pay on the Maturity Date to CEDE & CO., as nominee for The Depository Trust Company, or its registered assigns, (i) the principal amount of EIGHT
MILLION DOLLARS ($8,000,000) and (ii) that supplemental redemption amount (the “Supplemental Redemption Amount”) calculated according to the terms of the attached Supplemental Redemption Amount Rider. 
 Any principal or Supplemental Redemption Amount not punctually paid or duly provided for shall be payable as provided in the Indenture. As used in this
Note, “business day” means any weekday that is not a legal holiday in New York, New York, Charlotte, North Carolina, or any other place of payment of this Note, and that is not a date on which banking institutions in those cities or any
other place of payment with respect to this Note are authorized or required by law or regulation to be closed; but that is not a day on which the principal securities market (or markets) on which the constituent stocks of the Dow Jones Industrial
AverageSM, or DJIASM, are traded is closed. 

 The principal and Supplemental Redemption Amount on this Note are payable in immediately available funds
in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts at the office or agency of the Corporation designated as provided in the Indenture; provided,
however, that the principal or Supplemental Redemption Amount may be paid, at the option of the Corporation, by check mailed to the person entitled thereto at his address last appearing on the registry books of the Corporation relating to the
Notes. Notwithstanding the preceding sentence, payments of the principal and Supplemental Redemption Amount payable on the Maturity Date will be made by wire transfer of immediately available funds to a designated account maintained in the United
States upon (i) receipt of written notice by the Issuing and Paying Agent (as described on the reverse hereof) from the registered holder of this Note not less than one business day prior to the due date of such principal and
(ii) presentation of this Note to The Bank of New York, as Issuing and Paying Agent, 101 Barclay Street, New York, New York 10286 (the “Corporate Trust Office”). 
 For both this Note and Notes issued in certificated form, the payment of principal of and any other amounts due on or after the Maturity Date will be
made only upon the presentation and surrender of such Note at the office of the Trustee or successor thereof, and with respect to this Note, in accordance with the procedures of DTC. 
 References herein to “U.S. dollars,” “U.S.$,” or “$” are to the coin or currency of the United States at the time of
payment is legal tender for the payment of public and private debts. 
 Reference is hereby made to the further provisions of this Note set
forth on the reverse hereof and on the attached Rider, which shall have the same effect as though fully set forth at this place. 
 Unless
the certificate of authentication hereon has been executed by the Trustee or an authenticating agent on behalf of the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any
purpose. 
  

 2 

 IN WITNESS WHEREOF, the Corporation has caused this Note to be duly executed, by manual or facsimile
signature, under its corporate seal or a facsimile thereof. 
  

			
	BANK OF AMERICA CORPORATION
		
	 By:
	 	  
	 Title:
	 	 Senior Vice President

  

			
	 [SEAL]

	 ATTEST:

		
	By:	 	  
	 Title:
	 	 Assistant Secretary

  

 3 

 Certificate of Authentication 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
 Dated: August 24, 2006 
  

			
	 THE BANK OF NEW YORK,
 as Trustee

		
	By:	 	  
		 	Authorized Signatory

  

 4 

 [Reverse of Note] 
 BANK OF AMERICA CORPORATION 
 MEDIUM-TERM SENIOR NOTE, SERIES K 
 (Indexed Note) 
 SECTION 1. General.
This Note is one of a duly authorized series of Securities of the Corporation unlimited in aggregate principal amount (herein called the “Notes”) issued and to be issued under an Indenture dated as of January 1, 1995 (herein called
the “Indenture”), between the Corporation (successor in interest to NationsBank Corporation) and The Bank of New York, as Trustee (successor in interest to U.S. Bank Trust National Association, successor trustee to BankAmerica National
Trust Company, herein called the “Trustee,” which term includes any successor trustee under the Indenture), as supplemented by a First Supplemental Indenture dated as of September 18, 1998, a Second Supplemental Indenture dated as of
May 7, 2001, a Third Supplemental Indenture dated as of July 28, 2004, and a Fourth Supplemental Indenture dated April 28, 2006, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of
the respective rights thereunder of the Corporation, the Trustee, and the holders of the Notes, and the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is also one of the Notes designated as the
Corporation’s Senior Medium-Term Notes, Series K, initially limited in aggregate principal amount to $10,000,000,000. The Trustee initially shall act as Security Registrar, Transfer Agent, and Issuing and Paying Agent in connection with the
Notes. The Notes may bear different dates, mature at different times, bear interest at different rates, and vary in such other ways as are provided in the Indenture. 
 SECTION 2. No Sinking Fund. This Note is not subject to any sinking fund. 
 SECTION 3.
Redemption. This Note is not redeemable prior to the Maturity Date. 
 SECTION 5. Defeasance. The provisions of Article
Fourteen of the Indenture do not apply to Securities of this Series. 
 SECTION 6. Events of Default. If an Event of Default (defined
in the Indenture as (a) the Corporation’s failure to pay the principal of (or premium, if any, on) the Notes; (b) the Corporation’s failure to pay interest on the Notes within 30 calendar days after the same becomes due;
(c) the Corporation’s breach of its other covenants contained in this Note or in the Indenture, which breach is not cured within 90 calendar days after written notice by the Trustee or the holders of at least 25% in outstanding principal
amount of all Securities issued under the Indenture and affected thereby; and (d) certain events involving the bankruptcy, insolvency or liquidation of the Corporation) shall occur with respect to the Notes, the principal of all the Notes may
be declared due and payable in the manner and with the effect provided in the Indenture. 
 SECTION 7. Modifications and Waivers. The
Indenture permits, with certain exceptions as therein provided, the amendment of the Indenture and the modification of the rights and obligations of the Corporation and the rights of the holders of the Notes under the Indenture at any time by the
Corporation with the consent of the holders of not less than 66 2/3% in aggregate principal amount of the Notes then outstanding and all other Securities then outstanding under 

  

 5 

 
the Indenture and affected by such amendment and modification. The Indenture also contains provisions permitting the holders of a majority in aggregate
principal amount of the Notes then outstanding and all other Securities then outstanding under the Indenture and affected thereby, on behalf of the holders of all such Securities, to waive compliance by the Corporation with certain provisions of the
Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the holder of this Note shall be conclusive and binding upon such holder and upon all future holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Note. 
 No recourse shall be had for the payment of the principal of, premium on (if any), or other amounts payable on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the
Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer, or director, as such, past, present, or future, of the Corporation or any predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for issue hereof, expressly waived and released. 
 SECTION 8. Obligations Unconditional. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair
the obligation of the Corporation, which is absolute and unconditional, to pay the principal of, premium (if any), and other amounts payable on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 
 SECTION 9. Authorized Denominations. The Notes are issuable only as registered Notes without coupons, and unless otherwise set forth above, only
in denominations of $1,000 and whole multiples of $1,000. As provided in the Indenture, and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of different authorized
denominations, as requested by the holder surrendering the same. 
 SECTION 10. Registration of Transfer. As provided in the Indenture
and subject to certain limitations as therein set forth, the transfer of this Note is registrable in the register maintained by the Registrar, upon surrender of this Note for registration of transfer at the office or agency of the Corporation
designated by it pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Corporation and the Trustee or the Security Registrar requiring such written instrument of transfer duly
executed by, the registered holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees. 
 This Note is being issued by means of a book-entry system with no physical distribution of certificates to be
made except as provided in the Indenture. The book-entry system maintained by DTC will evidence ownership of the Notes, with transfers of ownership effected on the records of DTC and its participants pursuant to rules and procedures established by
DTC and its participants. The Corporation will recognize Cede & Co., as nominee of DTC, while the registered holder of the Notes, as the owner of the Notes for all purposes, including payment of principal and the Supplemental Redemption
Amount, notices and voting. Transfer of principal 

  

 6 

 
and the Supplemental Redemption Amount to participants of DTC will be the responsibility of DTC, and transfer of principal and the Supplemental Redemption
Amount payable to beneficial owners of the Notes by participants of DTC will be the responsibility of such participants and other nominees of such beneficial owners. So long as the book-entry system is in effect, the selection of any Notes to be
redeemed will be determined by DTC pursuant to rules and procedures established by DTC and its participants. The Corporation will not be responsible or liable for such transfers or payments or for maintaining, supervising or reviewing the records
maintained by DTC, its participants, or persons acting through such participants. 
 This Note may be exchanged in whole, but not in part,
for security-printed certificated Notes, only if (i) DTC notifies the Corporation or the Trustee that it is unwilling or unable to continue to act as depository for this Note in global form or if at any time DTC ceases to be a clearing agency
registered under the Securities Exchange Act of 1934, as amended, and in either such case, a successor depository is not appointed by the Corporation within 60 calendar days, or (ii) the Corporation executes and delivers to the Trustee a
written notification that this Note in global form shall be so exchangeable, or (iii) an Event of Default occurs and is continuing with respect to this Note in global form. In any such instance, an owner of a beneficial interest in this Note
will be entitled to physical delivery in certificated form of Notes equal in principal amount to such beneficial interest and to have such Notes registered in its name. Unless otherwise set forth above, Notes so issued in certificated form will be
issued in authorized denominations only and will be issued in registered form only, without coupons. 
 No service charge shall be made for
any such registration of transfer or exchange, but the Corporation may require payment of a sum sufficient to cover any tax, assessment, or other governmental charge, including, without limitation, any withholding tax, payable in connection
therewith. 
 Prior to due presentment of this Note for registration of transfer, the Corporation, the Trustee, the Issuing and Paying Agent,
and any agent of the Corporation, the Trustee or any Issuing and Paying Agent may treat the person in whose name this Note is registered as the owner hereof for all purposes. 
 SECTION 11. Defined Terms. All terms used in this Note which are not defined herein but are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 SECTION 12. Governing Law. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAWS. 
  

 7 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of the within Note, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM— as tenants in common 
 TEN ENT—   as tenants by the entireties 
 JT TEN—
      as joint tenants with right of survivorship and not as tenants in common 
 UNIF GIFT MIN
ACT—                                  as Custodian for
                                        .

                                        
 (Cust)
                                        
            (Minor) 
 Under Uniform Gifts to Minors Act 
 (State) 
 Additional abbreviations may also be
used though not in the above list. 
  

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

[PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS 
 INCLUDING ZIP CODE OF ASSIGNEE] 
 ____________________________________________________________________________________________________________ 
 ____________________________________________________________________________________________________________ 
 ____________________________________________________________________________________________________________ 
 Please Insert Social Security or Other 
 Identifying Number of Assignee:
                                        
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                         Attorney to transfer said Note on the books of the Corporation, with full power of substitution
in the premises. 
  

									
					
	Dated:	 	  	 		 		 	  

 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within
Note in every particular, without alteration or enlargement or any change whatever and must be guaranteed. 
  

 8 

 BANK OF AMERICA CORPORATION 
 Medium-Term Senior Note, Series K 
 SUPPLEMENTAL REDEMPTION AMOUNT RIDER

 General 
 This Note is part of a
series of medium-term notes entitled “Medium-Term Notes, Series K” issued under the Indenture, as described in the Prospectus dated April 14, 2004 and Prospectus Supplement dated April 15, 2004 and is designated as the Bank
of America Corporation Minimum Return Equity Appreciation Growth LinkEd Securities “Index EAGLES®,” due August 26, 2010, Linked to the Dow Jones Industrial AverageSM. Certain capitalized
terms used herein have the meanings ascribed to them in the Prospectus and the Prospectus Supplement. 
 Payment at Maturity; Supplemental Redemption
Amount 
 At maturity, the holder of the Note will receive the principal amount of this Note. The holder of the Note also will receive the
Supplemental Redemption Amount, which will not be less than a total of 4.00% of the principal amount of this Note at maturity. This minimum amount is called the “Minimum Supplemental Redemption Amount.” The Supplemental Redemption Amount
will be based on the performance of the DJIASM during the term of this Note and will be determined by the
Calculation Agent in the manner described below. 
 The Calculation Agent will determine the Supplemental Redemption Amount, which will not
be less than the Minimum Supplemental Redemption Amount, by reference to the periodic returns of the DJIASM during
the following 16 “Reference Periods”: 
  

							
	 2006/07
	 	 2007/08
	 	 2008/09
	 	 2009/10

	8/21/06-11/21/06	 	8/21/07-11/21/07	 	8/21/08-11/21/08	 	8/21/09-11/21/09
				
	11/21/06-2/21/07	 	11/21/07-2/21/08	 	11/21/08-2/21/09	 	11/21/09-2/21/10
				
	2/21/07-5/21/07	 	2/21/08-5/21/08	 	2/21/09-5/21/09	 	2/21/10-5/21/10
				
	5/21/07-8/21/07	 	5/21/08-8/21/08	 	5/21/09-8/21/09	 	5/21/10-8/21/10

 This Note was priced on August 21, 2006, or the “pricing date.” The pricing date is
the first day of the first Reference Period. 
  

 9 

 The last day of each Reference Period is referred to as a “Reset Date.” On each Reset Date, the
Calculation Agent will determine the “Periodic Return” of the DJIASM for the Reference Period then ended
by applying the following formula: 
 (Ending Level - Starting Level) 
 Starting Level 
 The result will be rounded to the nearest ten-thousandth of a decimal
place and then expressed as a percentage. 
 The “Starting Level” for the initial Reference Period is the closing level of the
DJIASM on the pricing date, or 11,345.05, and the “Starting Level” for each subsequent Reference Period is
the Ending Level for the immediately preceding Reference Period. The “Ending Level” for each Reference Period is the closing level of the DJIASM on the applicable Reset Date, or if that day is not a business day (as defined above), the closing level of the DJIASM on the next following business day. 
 On the
pricing date, the Corporation set a cap of 6.50%, or the “Return Cap,” which limits any increases in the Periodic Return of the DJIASM to that rate. For any Reference Period in which the Periodic Return is greater than the Return Cap, the Periodic Return for that Reference Period will be deemed to be the Return Cap. 
 After the close of the market on the last Reset Date, the Calculation Agent will determine the Supplemental Redemption Amount, which will not be less
than the Minimum Supplemental Redemption Amount, based on the following formula: 
 Principal Amount x Index Return 
 The “Index Return” is the compounded value of the 16 Periodic Returns computed in the following manner: 
 [The product of (1.00 + the Periodic Return) for each Reference Period] - 1.00 
 The Index Return will be rounded to the nearest ten-thousandth and then expressed as a percentage. 
 The Supplemental Redemption Amount will be calculated after the close of the market on the last Reset Date. The period of time between the last Reset
Date and the Maturity Date is not part of a Reference Period, and, therefore, changes in the DJIASM during that
period will not affect the Supplemental Redemption Amount payable to the holder of this Note at maturity. If the calculation of the Supplemental Redemption Amount results in an amount that is less than the Minimum Supplemental Redemption Amount,
then the Corporation will pay the holder of this Note at maturity a Supplemental Redemption Amount equal to the Minimum Supplemental Redemption Amount. 
 Event of Default 
 Upon the occurrence of an Event of Default (as defined in the Indenture), the holder of this Note only
will be entitled to receive the principal amount of the Note, and will not be entitled to payment of the Supplemental Redemption Amount. 
  

 10 

 Market Disruption 
 Each of the following will be a “Market Disruption Event” if, in the sole opinion of the Calculation Agent, that event materially affects the DJIASM: 
 (a) the suspension, material limitation, or
absence of the trading of a material number of stocks included in the DJIASM; 
 (b) the suspension or material limitation of the trading of stocks on one or more stock exchanges on which stocks included in the DJIASM are quoted; 
 (c)
a breakdown or failure in the price and trade reporting systems of the respective primary markets on which the stocks included in the DJIASM are quoted, as a result of which the reported trading prices for the affected stocks, during the last one-half hour before the close of trading in that market are materially inaccurate; or 
 (d) the suspension or material limitation of the trading of (1) options or futures relating to the DJIASM on any options or futures exchanges or (2) options or futures generally. 
 For purposes of determining whether a Market Disruption Event has occurred: 
 (a) a limitation on the number
of hours or days of trading will not be a Market Disruption Event if it results from an announced change in the regular business hours of the relevant exchange; 
 (b) a limitation on trading imposed by reason of the movements in price exceeding the levels permitted by any relevant exchange will be a Market Disruption Event; 
 (c) a decision to permanently discontinue trading in the relevant futures or options contracts will not constitute a Market Disruption Event; and

 (d) an absence of trading on an exchange or quotation system will not include any time when that exchange or quotation system is closed
for trading under ordinary circumstances. 
 If a Market Disruption Event occurs or is continuing on a day that would otherwise be a Reset
Date, then the Calculation Agent instead will use the closing level of the DJIASM on the first business day after
that day on which no Market Disruption Event occurs or is continuing. In no event, however, will any Reset Date be postponed by more than five business days. If any Reset Date is postponed to the last possible day, but a Market Disruption Event
occurs or is continuing on that day, that day nevertheless will be the Reset Date, and the Calculation Agent will make a good faith estimate of the closing level of the DJIASM based upon its assessment of the level of the DJIASM at that time. If the last scheduled Reset Date is postponed due to a Market Disruption Event, the Maturity Date for this Note also will be postponed by the same number of business days. 
  

 11 

 Discontinuance of the DJIASM; Alteration of Method of Calculation 
 If Dow Jones & Company, Inc.
(“Dow Jones”) discontinues publication of the DJIASM and Dow Jones or another entity publishes a successor
or substitute index that the Calculation Agent determines, in its sole discretion, is comparable to the discontinued DJIASM (the new index being referred to as a “Successor Index”), then the relevant closing levels shall be determined by reference to the Successor Index at the close of trading on the New York Stock Exchange, the American Stock
Exchange LLC, The Nasdaq National Market, or the relevant exchange or market for the constituent stocks of the Successor Index. 
 If the
Calculation Agent selects a Successor Index, the Calculation Agent immediately shall notify the Corporation and the Trustee, and the Trustee will provide written notice of a change to the holders of this Note within three business days of selection.

 If Dow Jones discontinues publication of the DJIASM, and the Calculation Agent determines that no Successor Index is available, then the Calculation Agent will notify the Corporation and the Trustee and shall calculate the appropriate closing levels.
These calculations by the Calculation Agent will be in accordance with the formula for and method of calculating the DJIASM last in effect prior to that discontinuance. If a Successor Index is selected or the Calculation Agent calculates a level as a substitute for the DJIASM, that Successor Index or level will be substituted for the DJIASM for all purposes. 
 If at any time the method of calculating the DJIASM or a Successor Index, or the level of that index, is changed in a material respect, or if the DJIASM or a Successor Index in any other way is modified so that it does not, in the opinion of the Calculation Agent, fairly
represent the level of the DJIASM or the Successor Index had those changes or modifications not been made, then,
from and after that time, the Calculation Agent will notify the Corporation and the Trustee. The Calculation Agent will make those calculations and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to
arrive at a level of a stock index comparable to the DJIASM or the Successor Index, as the case may be, as if those
changes or modifications had not been made, and calculate the closing levels with reference to the DJIASM or the
Successor Index, as adjusted. Accordingly, if the method of calculating the DJIASM or a Successor Index is modified
so that the level of such index is a fraction of what it would have been if it had not been modified (e.g., due to a split in the index), then the Calculation Agent shall adjust that index in order to arrive at a level of the DJIASM or the Successor Index as if it had not been modified (e.g., as if the split had not occurred). 
 Role of the Calculation Agent 
 The Calculation Agent
has the sole discretion to make all determinations regarding this Note, including determinations regarding the Index Return, the Periodic Return, the Supplemental Redemption Amount, Market Disruption Events, Successor Indices, and business days.
Absent manifest error, all determinations of the Calculation Agent will be final and binding on the holder of this Note and the Corporation, without any liability on the part of the Calculation Agent. 
  

 12 

 The Corporation has initially appointed its affiliate, Banc of America Securities LLC, as the Calculation
Agent, but the Corporation may change the Calculation Agent at any time without notifying the holder of this Note. 
  

 13China BAK Battery, Inc. Stock Option Plan

 Exhibit 10.1 
 CHINA BAK BATTERY, INC. 
 STOCK OPTION PLAN 
 ARTICLE I. 
 THE PLAN 

1.1 Name. This Plan shall be known as the “China BAK Battery, Inc. Stock Option Plan.” Capitalized terms used herein
are defined in Article VII hereof. 
 1.2 Purpose. The purpose of the Plan is to promote the growth and general prosperity
of the Company by permitting the Company to grant Options to purchase Common Stock and Restricted Stock of the Company to key Employees, Nonemployee Directors, and Advisors. The Plan is designed to help the Company and its subsidiaries and
affiliates attract and retain superior personnel for positions of substantial responsibility and to provide key Employees, Nonemployee Directors, and Advisors with an additional incentive to contribute to the success of the Company.
 This Plan is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and any regulatory or
other guidance issued under such section. At the Effective Date of the Plan, additional guidance had yet to be promulgated by the Department of Treasury. Any terms of the Plan that conflict with such guidance shall be null and void as of the
Effective Date. After such additional guidance is issued, the intent is to amend the Plan to delete any conflicting provisions and to add such other provisions as are required to fully comply with Section 409A and any other legislative or
regulatory requirements applicable to the Plan. The Plan is also intended to comply with Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended from time to time, or any successor provision thereto (“Rule 16b-3”), and
shall be construed to so comply. With respect to any restriction in the Plan that is based on the requirements of Rule 16b-3 or the rules of any exchange upon which the Company’s securities are listed or automated quotation system upon which
the Company’s securities are quoted, or any other applicable law, rule or restriction, to the extent that any such restriction is no longer required, the Committee shall have the sole discretion and authority to remove such restrictions from
the Plan and/or to waive them. 
 1.3 Effective Date. The Plan shall become effective upon the Effective Date. 

1.4 Eligibility to Participate. Any key Employee, Nonemployee Director, or Advisor shall be eligible to participate in the
Plan. Subject to the provisions of this Plan, the Committee may grant Options in accordance with such determinations as the Committee shall make from time to time in its sole discretion. 
 1.5 Shares Subject to the Plan. The shares of Common Stock to be issued pursuant to the Plan shall be either authorized and unissued
shares of Common Stock or shares of Common Stock issued and thereafter acquired by the Company. 

 1.6 Maximum Number of Plan Shares. Subject to adjustment pursuant to the provisions of
Section 5.2, and subject to any additional restrictions elsewhere in the Plan, the maximum aggregate number of shares of Common Stock that may be issued and sold hereunder shall be 4,000,000. Notwithstanding the foregoing, the maximum
aggregate number of shares of Company Common Stock which may be issued under the Plan shall during any given calendar year not exceed 5% of the total outstanding shares of Company Common Stock during such calendar year. 
 1.7 Options and Stock Granted Under Plan. If an Option terminates without being wholly exercised, new Options may be granted hereunder
covering the number of Plan Shares to which such Option termination relates. Moreover, when an Option is exercised in whole or in part, the number of Plan Shares then available for issuance hereunder shall be increased by a number of shares
equal to the number of Plan Shares to which the exercise relates. 
 1.8 Conditions Precedent. The Company shall not issue
any certificate for Plan Shares pursuant to the Plan prior to fulfillment of all of the following conditions: 
 (a) The admission of the Plan Shares to listing on all stock exchanges on which the Common Stock is then listed, unless the Committee determines in its sole discretion that such listing is neither necessary nor advisable;

 (b) The completion of any registration or other qualification of the offer or sale of the Plan Shares under any
federal or state law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body that the Committee shall in its sole discretion deem necessary or advisable; and 
 (c) The obtaining of any approval or other clearance from stockholders of the Company and any federal or state governmental
agency that the Committee shall in its sole discretion determine to be necessary or advisable. 
 1.9 Reservation of Shares of Common
Stock. During the term of the Plan, the Company shall at all times reserve and keep available such number of shares of Common Stock as shall be necessary to satisfy the requirements of the Plan as to the number of Plan Shares. In
addition, the Company shall from time to time, as is necessary to accomplish the purposes of the Plan, seek or obtain from any regulatory agency having jurisdiction any requisite authority that is necessary to issue Plan Shares hereunder. The
inability of the Company to obtain from any regulatory agency having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance of any Plan Shares shall relieve the Company of any liability in respect of
the nonissuance of Plan Shares as to which the requisite authority shall not have been obtained. 
 1.10 Tax Withholding.

 (a) Condition Precedent. The issuance of Plan Shares is subject to the condition that if at any time the
Committee shall determine, in its discretion, that the satisfaction of withholding tax or other withholding liabilities under any federal, state or local law is necessary or desirable as a 

 
condition of, or in connection with, such issuances, then the issuances shall not be effective unless the withholding shall have been effected or obtained in
a manner acceptable to the Committee. 
 (b) Manner of Satisfying Withholding Obligation. When a participant
is required by the Committee to pay to the Company an amount required to be withheld under applicable income tax laws in connection with the exercise of an Option, such payment may be made (i) in cash, (ii) by check, (iii) if
permitted by the Committee, by delivery to the Company of shares of Common Stock already owned by the participant having a Fair Market Value on the Tax Date equal to the amount required to be withheld, (iv) if permitted by the Committee,
through the withholding by the Company of a portion of the Plan Shares acquired upon the exercise of the Options (if applicable) having a Fair Market Value on the Tax Date equal to the amount required to be withheld, or (v) in any other form of
valid consideration, as permitted by the Committee in its discretion. 
 1.11 Exercise of Options. 
 (a) Method of Exercise. Each Option shall be exercisable in accordance with the terms of the Option Agreement pursuant to
which the Option was granted. No Option may be exercised for a fraction of a Plan Share. 
 (b) Payment of
Purchase Price. The purchase price of any Plan Shares purchased shall be paid at the time of exercise of the Option either (i) in cash, (ii) by certified or cashier’s check, (iii) if permitted by the Committee, by shares
of Common Stock so long as the participant has not acquired the Common Stock from the Company within six (6) months prior to the date of exercise, (iv) if permitted by the Committee, by cash or certified or cashier’s check for the par
value of the Plan Shares plus a promissory note for the balance of the purchase price, which note shall provide for full personal liability of the maker and shall contain such terms and provisions as the Committee may determine, including without
limitation the right to repay the note partially or wholly with Common Stock, (v) if approved by the Committee, in accordance with a cashless exercise program under which either (A) if so instructed by the participant, Plan Shares may be
issued directly to the participant’s broker or dealer upon receipt of the purchase price in cash from the broker or dealer, or (B) Plan Shares may be issued by the Company to a participant’s broker or dealer in consideration of such
broker’s or dealer’s irrevocable commitment to pay to the Company that portion of the proceeds from the sale of such Plan Shares that is equal to the exercise price of the Option(s) relating to such Plan Shares, or (vi) in any other
form of valid consideration, as permitted by the Committee in its discretion. If any portion of the purchase price or a note given at the time of exercise is paid in shares of Common Stock, those shares shall be valued at the then Fair Market
Value. 
 1.12 Written Notice Required. Any Option shall be deemed to be exercised for purposes of the Plan when written
notice of exercise has been received by the Company at its principal office from the person entitled to exercise the Option and payment for the Plan Shares with respect to which the Option is exercised has been received by the Company in accordance
with Section 1.11. 
 1.13 Compliance with Securities Laws. Plan Shares shall not be issued with respect to any Option
unless the issuance and delivery of the Plan Shares and the exercise of an Option shall comply with all relevant provisions of state and federal law (including without limitation (i) the 

 
Securities Act and the rules and regulations promulgated thereunder, and (ii) the requirements of any stock exchange upon which the Plan Shares may then
be listed) and shall be further subject to the approval of counsel for the Company with respect to such compliance. The Committee may also require a participant to furnish evidence satisfactory to the Company, including without limitation
a written and signed representation letter and consent to be bound by any transfer restrictions imposed by law, legend, condition, or otherwise, that the Plan Shares are being acquired only for investment and without any present intention to sell or
distribute the shares in violation of any state or federal law, rule, or regulation. Further, each participant shall consent to the imposition of a legend on the certificate representing the Plan Shares issued pursuant to the exercise of an
Option restricting their transfer as required by law or this section. 
 1.14 Employment or Service of Optionee. Nothing in
the Plan or in any Option or Restricted Stock granted hereunder shall confer upon any Employee any right to continued employment by the Company or any of its subsidiaries or affiliates or limit in any way the right of the Company or any of its
subsidiaries or affiliates at any time to terminate or alter the terms of that employment. Nothing in the Plan or in any Option granted hereunder shall confer upon any Nonemployee Director or Advisor any right to continued service as a
Nonemployee Director or Advisor of the Company or any of its subsidiaries or affiliates or limit in any way the right of the Company or any of its subsidiaries or affiliates at any time to terminate or alter the terms of that service. 
 1.15 Rights of Optionees Upon Termination of Employment or Service. In the event an Optionee ceases to be an Employee, Nonemployee
Director, or Advisor for any reason other than death, Permanent Disability or Misconduct, unless provided in an Option Agreement or in Article VI hereof, then, the unvested portion of the Optionee’s Option shall terminate immediately and cease
to remain outstanding and the vested portion shall immediately terminate at the beginning of the thirty-first (31st) day following termination of Optionee’s service. In the event an Optionee ceases to serve as an Employee, Nonemployee Director, or Advisor due to death, Permanent Disability or Misconduct, the Optionee’s Options
may be exercised as follows: 
 (a) Death. Except as otherwise limited by the Committee at the time of the
grant of an Option, if an Optionee dies while serving as an Employee, Nonemployee Director, or Advisor or within three months after ceasing to be an Employee, Nonemployee Director, Advisor, his or her Option shall become fully exercisable on the
date of his or her death and shall expire 12 months thereafter, unless by its terms it expires sooner or unless, with respect to a Nonqualified Stock Option, the Committee agrees, in its sole discretion, to further extend the term of such
Nonqualified Stock Option. During such period, the Option may be fully exercised, to the extent that it remains unexercised on the date of death, by the Optionee’s personal representative or by the distributees to whom the Optionee’s
rights under the Option shall pass by will or by the laws of descent and distribution. 
 (b) Disability. If
an Optionee ceases to serve as an Employee, Nonemployee Director, or Advisor as a result of Permanent Disability, the Optionee’s Option shall become fully exercisable and shall expire 12 months thereafter, unless by its terms it expires sooner
or, unless, with 

 
respect to a Nonqualified Stock Option, the Committee agrees, in its sole discretion, to extend the term of such Nonqualified Stock Option. 
 (c) Misconduct. Should the Optionee cease to be an Employee, Nonemployee Director or Advisor because of Misconduct, the
Optionee’s Option shall terminate whether vested or unvested immediately. 
 1.16 Transferability of Options. Except as
the Committee may otherwise provide, Options shall not be transferable other than by will or the laws of descent and distribution or, with respect to Nonqualified Stock Options, pursuant to the terms of a qualified domestic relations order as
defined by the Code or Title I of ERISA, or the rules thereunder. The designation by an Optionee of a beneficiary shall not constitute a transfer of the Option. The Committee may, in its discretion, provide in an Option Agreement that
Nonqualified Stock Options granted hereunder may be transferred by the Optionee to members of his or her immediate family, trusts for the benefit of such immediate family members and partnerships in which such immediate family members are the only
partners. 
 1.17 Information to Participants. The Company shall furnish to each participant a copy of the annual report,
proxy statements and all other reports (if any) sent to the Company’s stockholders. Upon written request, the Company shall furnish to each participant a copy of its most recent Form 10-K Annual Report (if any) and each quarterly report to
stockholders issued (if any) since the end of the Company’s most recent fiscal year. 
 ARTICLE II. 
 ADMINISTRATION 
 2.1 Committee. The Plan shall be administered by a Committee, which shall be appointed by the Board. If the Board so elects, the Plan may be administered by different Committees with respect to different groups of
participants. The Committee shall be constituted to satisfy applicable laws. Subject to the provisions of the Plan, the Committee shall have the sole discretion and authority to determine from time to time the Employees, Non-Employee
Directors, and Advisors to whom Options shall be granted and the number of Plan Shares subject to each Option, to interpret the Plan, to prescribe, amend and rescind any rules and regulations necessary or appropriate for the administration of the
Plan, to determine and interpret the details and provisions of each Option Agreement, to modify or amend any Option Agreement or waive any conditions or restrictions applicable to any Options (or the exercise thereof) or Restricted Stock, and to
make all other determinations necessary or advisable for the administration of the Plan. The Board may remove any member of the Committee, with or without cause. 
 2.2 Majority Rule; Unanimous Written Consent. A majority of the members of the Committee shall constitute a quorum, and any action taken by a majority present at a meeting at which a quorum is present
or any action taken without a meeting evidenced by a writing executed by all members of the Committee shall constitute the action of the Committee. Meetings of the Committee may take place by telephone conference call. 

 2.3 Company Assistance. The Company shall supply full and timely information to the
Committee on all matters relating to Employees, Nonemployee Directors, and Advisors, their employment, death, Permanent Disability, or other termination of employment or other relationship with the Company, and such other pertinent facts as the
Committee may require. The Company shall furnish the Committee with such clerical and other assistance as is necessary in the performance of its duties. 
 2.4 Exculpation of Committee. No member of the Committee shall be personally liable for, and the Company shall indemnify all members of the Committee and hold them harmless against, any claims
resulting directly or indirectly from any action or inaction by the Committee pursuant to the Plan. 
 ARTICLE III. 
 NONQUALIFIED STOCK OPTIONS 
 3.1 Option Terms and Conditions. The terms and conditions of Options granted under this Article may differ from one another as the Committee shall, in its discretion, determine as long as all Options granted under this
Article satisfy the requirements of this Article. 
 3.2 Duration of Options. Each Option granted pursuant to this Article
and all rights thereunder shall expire on the date determined by the Committee. In addition, each Option shall be subject to early termination as provided elsewhere in the Plan. 
 3.3 Purchase Price. The purchase price for the Plan Shares acquired pursuant to the exercise, in whole or in part, of any Option granted
under this Article shall not be less than the Fair Market Value of the Plan Shares at the time of the grant of the Option. 
 3.4 Individual Option Agreements. Each Optionee receiving Options pursuant to this Article shall be required to enter into a written Option Agreement with the Company. In such Option Agreement, the Optionee shall agree
to be bound by the terms and conditions of the Plan, the Options made pursuant hereto, and such other matters as the Committee deems appropriate. 
 ARTICLE IV. 
 RESTRICTED STOCK 
 4.1 Grant. Notwithstanding any provisions of the Plan to the contrary, the Committee shall have sole and complete authority to determine to whom Shares of Restricted Stock shall be granted, the number
of Shares of Restricted Stock to be granted to each participant, the duration of the period during which, and the conditions under which, the Restricted Stock may be forfeited to the Company, and the other terms and conditions of such Restricted
Stock. 

 4.2 Dividends and Distributions. Dividends and other distributions paid on or in respect
of any shares of Restricted Stock may be paid directly to the participant, or may be reinvested in additional shares of Restricted Stock as determined by the Committee in its sole discretion. 
 ARTICLE V. 
 TERMINATION, AMENDMENT, AND ADJUSTMENT 
 5.1 Termination and Amendment. The Plan shall terminate with respect to Nonqualified Stock Options on the date that is fifty years after
the Effective Date unless provided otherwise in the option agreement. No Option shall be granted under the Plan after the respective date of termination. Subject to the limitations contained in this section, the Committee may at any time
amend or revise the terms of the Plan, including the form and substance of the Option Agreements to be used in connection herewith; provided that no amendment or revision may be made without the approval of the stockholders of the Company if such
approval is required under the Code, Rule 16b-3, or any other applicable law or rule. No amendment, suspension, or termination of the Plan shall, without the consent of the individual who has received an Option, alter or impair any of that
individual’s rights or obligations under any Option granted under the Plan prior to that amendment, suspension, or termination. 
 5.2 Adjustments. If the outstanding Common Stock is increased, decreased, changed into, or exchanged for a different number or kind of shares or securities through merger, consolidation, combination, exchange of shares,
other reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or any other increase, or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company
(but not including conversion of convertible securities issued by the Company), an appropriate and proportionate adjustment shall be made in the maximum number and kind of Plan Shares as to which Options may be granted under the Plan. A
corresponding adjustment changing the number or kind of shares allocated to unexercised Options or portions thereof that shall have been granted prior to any such change shall likewise be made. Any such adjustment in outstanding Options shall
be made without change in the aggregate purchase price applicable to the unexercised portion of the Options, but with a corresponding adjustment in the price for each share covered by the Options. The foregoing adjustments and the manner of
application of the foregoing provisions shall be determined solely by the Committee, and any such adjustment may provide for the elimination of fractional share interests. 
 ARTICLE VI. 
 CORPORATE TRANSACTIONS; 
 CHANGES IN CAPITALIZATION; DISSOLUTION 
 6.1 Corporate
Transactions. In the event of any Corporate Transaction, each outstanding option shall automatically accelerate so that each such option shall, immediately prior to the effective date of Corporate Transaction, become fully exercisable for
all of the shares of Common Stock at the time subject to such option and may be exercised for any or all of those shares as fully-vested shares of Common Stock. However, an outstanding Option shall not so accelerate if and to the extent:
(i) such Option is, in connection with the Corporate Transaction, either to be assumed by the successor corporation (or parent thereof) or to be replaced with a comparable Option to purchase shares of the 

 
capital stock of the successor corporation (or parent thereof), (ii) such Option is to be replaced with a cash incentive program of the successor
corporation which preserves the spread existing on the unvested Option shares at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to such option or (iii) the
acceleration of such Option is subject to other limitations imposed by the Committee at the time of the option grant. The determination of option comparability under clause (i) above shall be made by the Committee, and its determination
shall be final, binding and conclusive. 
 6.2 Termination. Immediately following the consummation of the Corporate
Transaction, all outstanding Options shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) as provided in this Section VII. 
 6.3 Assumption. Each Option which is assumed in connection with the Corporate Transaction shall be appropriately adjusted, immediately
after such Corporate Transaction, to apply to the number and class of securities which would have been issuable to the Optionee in consummation of such Corporate Transaction had the option been exercised immediately prior to such Corporate
Transaction. Appropriate adjustments to reflect such Corporate Transaction shall also be made to (i) the number and class of securities available for issuance under the Plan following consummation of such Corporate Transaction and
(ii) the exercise price payable per share under each outstanding Option, provided the aggregate exercise price payable for such securities shall remain the same. 
 6.4 Subsequent Termination. The Committee shall have the discretion, exercisable at the time the Option is granted or at any time while the Option remains outstanding, to provide that any Options
which are assumed or replaced in the Corporate Transaction and do not otherwise accelerate at that time shall automatically accelerate in the event the Optionee’s Service should subsequently terminate by reason of an involuntary termination
within eighteen (18) months following the effective date of such Corporate Transaction. Any Options so accelerated shall remain exercisable for fully-vested shares until the earlier of (i) the expiration of the option term or
(ii) the expiration of the one (1)-year period measured from the effective date of the involuntary termination. 
 6.5 Automatic
Acceleration. The Committee shall have the discretion, exercisable either at the time the Option is granted or at any time while the option remains outstanding to provide for the automatic acceleration of one or more outstanding Options
upon the occurrence of a Corporate Transaction, whether or not those Options are to be assumed or replaced (or those repurchase rights are to be assigned) in the Corporation Transaction. 
 6.6 No Limitation on Actions. The grant of Options under the Plan shall in no way affect the right of the Company to adjust, reclassify,
reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
 6.7 Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall notify
each Optionee as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for an Optionee to have the right to exercise his or her Option until ten (10) days prior to
such transaction as to all of the 

 
Optioned Stock covered thereby, including Shares as to which the Option would not otherwise be exercisable. In addition, the Administrator may provide
that any Company repurchase option applicable to any Shares purchased upon exercise of an Option shall lapse as to all such Shares, provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the
extent it has not been previously exercised, an Option will terminate immediately prior to the consummation of such proposed action. 
 ARTICLE VII. 
 MISCELLANEOUS 
 7.1 Other Compensation Plans. The adoption of the Plan shall not affect any other stock option or incentive or other compensation plans in effect for the Company or any subsidiary or affiliate of the
Company, nor shall the Plan preclude the Company or any subsidiary or affiliate thereof from establishing any other forms of incentive or other compensation plans. 
 7.2 Plan Binding on Successors. The Plan shall be binding upon the successors and assigns of the Company and any subsidiary or affiliate of the Company that adopts the Plan. 
 7.3 Number and Gender. Whenever used herein, nouns in the singular shall include the plural where appropriate, and the masculine pronoun
shall include the feminine gender. 
 7.4 Headings. Headings of articles and sections hereof are inserted for convenience of
reference and constitute no part of the Plan. 
 7.5 Stockholder Rights. The holder of an option shall have no stockholder
rights with respect to the shares subject to the option until such person shall have exercised the option, paid the exercise price and become a holder of record of the purchased shares. 
 7.6 Market Stand-Off. In connection with any underwritten public offering by the Corporation of its equity securities pursuant to an
effective registration statement filed under the Securities Act of 1933, the Optionee may not sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose or transfer for value or otherwise
agree to engage in any of the foregoing transactions with respect to, any shares of Common Stock acquired upon exercise of an option granted under the Plan without the prior written consent of the Corporation or its underwriters. Such
restriction (the “Market Stand-Off”) shall be in effect for such period of time from and after the effective date of the final prospectus for the offering as may be required to execute such agreements as the Corporation or the underwriters
request in connection with the Market Stand-Off. 

 ARTICLE VIII. 
 DEFINITIONS 
 As used herein with initial capital letters, the following terms have the meanings
hereinafter set forth unless the context clearly indicates to the contrary: 
 8.1 ”Advisor” means any individual
performing substantial bona fide services for the Company or any subsidiary or affiliate of the Company that has adopted the Plan who is not an Employee or a Director. 
 8.2 ”Applicable Laws” means the requirements relating to the administration of stock option plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock
exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Options are, or will be, granted under the Plan. 
 8.3 ”Board” means the Board of Directors of the Company. 
 8.4 ”Code” means the Internal Revenue Code of 1986, as amended. 
 8.5 ”Committee” means the Committee appointed in accordance with Section 2.1. 
 8.6 ”Common Stock” means the Common Stock, par value $.001 per share, of the Company or, in the event that the outstanding shares
of such Common Stock are hereafter changed into or exchanged for shares of a different stock or security of the Company or some other corporation, such other stock or security. 
 8.7 ”Company” means China BAK Battery, Inc., a Nevada corporation. 
 8.8 ”Corporate Transaction” means either of the following stockholder-approved transactions to which the Company is a party:

 i. a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting
power of the Company’s outstanding securities are transferred to a person or person different from the persons holding those securities immediately prior to such transaction, or 
 ii. the sale, transfer or other disposition of all or substantially all of the Company’s assets in complete liquidation or
dissolution of the Company. 
 8.9 ”Director” means a member of the Board. 
 8.10 ”Effective Date” means May 16, 2005. 
 8.11 ”Employee” means an employee (as defined in Section 3401(c) of the Code and the regulations thereunder) of the Company or of any subsidiary or affiliate of the Company that adopts the
Plan, including Officers.
 8.12 ”ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 8.13 ”Exchange Act” means the Securities Exchange Act of 1934, as amended.

 8.14 ”Fair Market Value” means such value as determined by the Committee on the basis of such factors as it deems
appropriate; provided that if the Common Stock is traded on a national securities exchange or transactions in the Common Stock are quoted on the Nasdaq National Market System, such value as shall be determined by the Committee on the basis of the
reported sales prices for the Common Stock over a ten business day period ending on the date for which such determination is relevant, as reported on the national securities exchange or the Nasdaq National Market System, as the case may be. If
the Common Stock is not listed and traded upon a recognized securities exchange or on the Nasdaq National Market System, the Committee shall make a determination of Fair Market Value on a reasonable basis, which may include the mean between the
closing bid and asked quotations for such stock on the date for which such determination is relevant (as reported by a recognized stock quotation service) or, in the event that there shall be no bid or asked quotations on the date for which such
determination is relevant, then on the basis of the mean between the closing bid and asked quotations on the date nearest preceding the date for which such determination is relevant for which such bid and asked quotations were available. 

8.15 ”Misconduct” means the commission of any act of fraud, embezzlement or dishonesty by the Optionee, any unauthorized use or
disclosure by such person of confidential information or trade secrets of the Company, or any other intentional misconduct or negligence by such person adversely affecting the business or affairs of the Company in a material manner. The
foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the Company may consider as grounds for the dismissal or discharge of any Optionee or other person in the service of the Company. 
 8.16 ”Nonemployee Director” means a member of the Board who is not an Officer or Employee; provided that, as used in
Section 2.1, the term “Non-Employee Director” shall have the meaning provided in that section. 
 8.17 ”Nonqualified Stock Option” means an Option granted pursuant to Article III. 
 8.18 ”Officer” means an officer of the Company or of any subsidiary or affiliate of the Company. 
 8.19 ”Option” means a Nonqualified Stock Option. 
 8.20 ”Optionee” means an Employee,
Nonemployee Director, or Advisor to whom an Option has been granted hereunder. 
 8.21 ”Option Agreement” means an
agreement between the Company and an Optionee with respect to one or more Options. 
 8.22 ”Permanent Disability” has
the same meaning as that provided in Section 22(e)(3) of the Code. 

 8.23 ”Plan” means the China BAK Battery, Inc. Stock Option Plan, as amended from
time to time. 
 8.24 ”Plan Shares” means shares of Common Stock issuable pursuant to the Plan. 
 8.25 ”Restricted Stock” means any shares granted under Article IV of the Plan. 
 8.26 ”Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor rule. 
 8.27 ”Securities Act” means the Securities Act of 1933, as amended. 
 8.28 ”Tax Date” means the date on which the amount of tax to be withheld is determined.

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