Form of Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: # cash (including cash equivalents); # check; # promissory note, to the extent permitted by Applicable Laws, # other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion; # consideration received by the Company under a cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan; # by net exercise; # such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws, or # any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably expected to benefit the Company.

Form of Payment. On the Closing Date (as defined below), # the Buyer shall pay the purchase price for the Securities be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Securities, and # the Company shall deliver such duly executed Note on behalf of the Company against delivery of such Purchase Price.

Form of Amendment. The form of any amendment or termination of the Plan shall be a written instrument signed by a duly authorized officer or officers of the Company, certifying that the amendment or termination has been approved by the Committee or the Board. Subject to Sections 8.1 and 8.2 above # an amendment of the Plan in accordance with the terms hereof shall automatically effect a corresponding amendment to all Participants’ rights and benefits hereunder, and # a termination of the Plan shall in accordance with the terms hereof automatically effect a termination of all Participants’ rights and benefits hereunder.

FORM OF PAYMENT. Payment of Restricted Stock Units shall be made in the form of one (1) share of [[Bank of America:Organization]] common stock for each Restricted Stock Unit that is payable.

Form of Settlement. Vested Performance Units will be settled in a single lump sum distribution of shares of Common Stock. Prior to the date of issuance of shares of Common Stock, the Employee shall have no rights with respect to the shares of Common Stock, including but not limited to rights to sell, vote, exchange, transfer, pledge, hypothecate or otherwise dispose of the shares of Common Stock. In addition, prior to the issuance of shares of Common Stock, the Employee shall not be entitled to receive dividends and shall not have any other rights with respect to the shares of Common Stock.

A Participant's Pre-2005 Benefit shall be paid in the form elected by the Participant in accordance with the terms of the First Bancorp Employees' Pension Plan, and his Post-2004 Benefit shall be paid in the form elected by the Participant pursuant to [Section 9.l(b)]. In either case, a benefit payable in any form other than a straight life annuity shall be the Actuarial Equivalent of such benefit payable as a straight life annuity.

Distributions of Deferrals of Stock Awards granted in 2005 and later years shall be made in Stock, with any fractional shares of Stock and any portion of such distribution that is derived from cash dividends on deferred Restricted Stock Awards to be made in cash. All other Plan distributions shall be made in cash.

Form of Policies. The minimum limits of policies of insurance required of ​ under this Lease shall in no event limit the liability of ​ under this Lease. Such insurance shall # in the case of the coverage required under Sections 10.3.1 and 10.3.3 above, name ​, and any other party ​ reasonably specifies, as an additional insured, including ​’s managing agent, if any; # cover the liability assumed by ​ under this Lease, including, but not limited to, ​’s obligations under Section 10.1 of this Lease; # be issued by an insurance company having a rating of not less than A-VIII in Best’s Insurance Guide or which is otherwise acceptable to ​ and licensed to do business in the State of California; # be primary insurance as to all claims thereunder and provide that any insurance carried by ​ is excess and is non-contributing with any insurance requirement of ​; # be in form and content reasonably acceptable to ​; and # if commercially available, provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to ​ and any mortgagee of ​ (provided, however, that as of the date of this Lease, ​ acknowledges that a majority of insurers are unwilling to provide the endorsement described in this clause (vi) and agrees that if ​’s insurer is similarly unwilling to provide such endorsement, ​’s obligation pursuant to the provisions of this clause (vi) shall be to promptly notify ​ upon receipt by ​ of any notice from ​’s insurer of any cancellation, failure to renew, reduction of amount of insurance or change

Distributions made to a Participant with respect to his or her Cash Deferred Account shall be paid in cash in a single lump sum after the applicable Distribution Event.

Form of Payment. Payment of the amount determined under [Sections 7(b)(3) or 7(c)], may be made solely in whole shares of Common Stock in a number determined at their Fair Market Value on the date of exercise of the Stock Appreciation Right or, alternatively, at the sole discretion of the Committee, solely in cash, or in a combination of cash and Shares as the Committee deems advisable. In the event that a Stock Appreciation Right is exercised within the sixty-day period following a Change in Control, any amount payable shall be solely in cash. If the Committee decides to make full payment in Shares, and the amount payable results in a fractional Share, payment for the fractional Share will be made in cash. Notwithstanding the foregoing, no payment in the form of cash may be made upon the exercise of a Stock Appreciation Right pursuant to [Section 7(b)(3) or 7(c)] to an officer of the Company or a Subsidiary who is subject to Section 16(b) of the Exchange Act, unless the exercise of such Stock Appreciation Right is made during the period beginning on the third business day and ending on the twelfth business day following the date of release for publication of the Company’s quarterly or annual statements of earnings.