Award Number: «Award_No_1»
AUTOCHINA INTERNATIONAL LIMITED
2009 EQUITY INCENTIVE PLAN
SHARE OPTION AWARD AGREEMENT
1. Grant of Option . AutoChina International Limited, a company incorporated under the laws of
the Cayman Islands, (the “Company”) hereby grants to the Grantee (the “Grantee”) named in the Notice of Share
Option Award (the “Notice”), an option (the “Option”) to purchase the Total Number of Ordinary Shares
subject to the Option (the “Shares”) set forth in the Notice, at the Exercise Price per Share set forth in the Notice
(the “Exercise Price”) subject to the terms and provisions of the Notice, this Share Option Award Agreement
(the “Option Agreement”) and the Company’s 2009 Equity Incentive Plan, as amended from time to time (the
“Plan”), which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the
Plan shall have the same defined meanings in this Option Agreement.
If designated in the Notice as an Incentive Stock Option, the Option is intended to qualify as an Incentive
Stock Option as defined in Section 422 of the Code. However, notwithstanding such designation, the Option
will qualify as an Incentive Stock Option under the Code only to the extent the US$100,000 dollar limitation of
Section 422(d) of the Code is not exceeded. The US$100,000 limitation of Section 422(d) of the Code is
calculated based on the aggregate Fair Market Value of the Shares subject to options designated as Incentive
Stock Options which become exercisable for the first time by the Grantee during any calendar year (under all
plans of the Company or any Parent or Subsidiary of the Company). For purposes of this calculation, Incentive
Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of
the shares subject to such options shall be determined as of the grant date of the relevant option.
2. Exercise of Option .
(a) Right to Exercise . Th