Document:

Exhibit 4.1

 

Exhibit 4.1

THE NOTES (HEREINAFTER REFERRED TO) ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF
ANY INSURED DEPOSITARY INSTITUTION OR OTHER SUBSIDIARY OF THE COMPANY (HEREINAFTER REFERRED TO) AND
ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

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 THEREOF. UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK LIMITED PURPOSE TRUST COMPANY
(THE “DEPOSITORY”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT,
AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER,
PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

CUSIP 635405 AQ 6

			
	ISIN US635405AQ61
	 	No. 1

NATIONAL CITY CORPORATION

4.90% SENIOR NOTE DUE JANUARY 15, 2015

     National City Corporation, a Delaware corporation (herein called the “Company,” which term
includes any successor corporation under the Indenture hereinafter referred to), for value
received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of TWO
HUNDRED SEVENTY FIVE MILLION DOLLARS ($275,000,000) on January 15, 2015 (the “Maturity Date”) at
the office or agency of the Company referred to below, and to pay interest thereon from January 12,
2005, or from the most recent date to which interest has been paid or duly provided for,
semi-annually on January 15 and July 15 (each, an “Interest Payment Date”) in each year, commencing
on July 15, 2005, at the rate of 4.90% per annum, until the principal hereof is paid or made
available for payment. The interest so payable and punctually paid or duly provided for on any
Interest Payment Date, will, as provided in such Indenture, be paid to the Person in whose name
this Note (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest, which shall be the December 31 or June 30 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date; provided that,
interest at maturity shall be payable to the Person to whom principal is payable. Any such
interest not so punctually paid shall forthwith cease to be payable to the registered Holder on
such Regular Record Date, and may be paid to the Person in whose name this Note (or one or more
Predecessor Securities) is registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest to be fixed by the

 

 

Trustee, notice whereof shall be given to the Holder of this Note not less than 10 days prior
to such Special Record Date, or may be paid at any time in any other lawful manner, all as more
fully provided in such Indenture. Payment of the principal of (and premium, if any) and interest
on this Note will be made at the Corporate Trust Office of the Trustee referred to on the reverse
hereof, or at such office or agency of the Company maintained for that purpose, 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; provided, however, that payment of interest may be made at the option of
the Company by check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register.

     This Note is one of the series of notes designated as “4.90% Senior Notes due January 15,
2015” (the “Notes”). Reference is hereby made to the further provisions of this Note set forth on
the reverse hereof. Such further provisions shall for all purposes have the same effect as if set
forth at this place.

     Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
said Indenture, or be valid or obligatory for any purpose.

     This Security shall be governed by and construed in accordance with the laws of the State of
New York.

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     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under the
corporate seal.

	 	 	 	 	 
	 	NATIONAL CITY CORPORATION

 	 
	 	By:  	
 	 
	 	 	Jeffrey D. Kelly 	 
	 	 	Executive Vice President and Chief Financial
Officer 	 
	 

Attest:

	 	 	 	 	 
	 	 
	By:  	
 	 
	 	Carlton E. Langer 	 
	 	Vice President, Assistant General Counsel
and Assistant Secretary 	 
	 

Dated: January 12, 2005

Trustee’s Certificate of Authentication: This is

one of the Securities of the series designated therein,

referred to in the within-mentioned Indenture.

	 	 	 	 	 
	THE BANK OF NEW YORK, as Trustee

 	 
	By:  	
 	 
	 	Authorized Signatory 	 
	 	 	 

3

 

	 	 	 	 	 

NATIONAL CITY CORPORATION

4.90% SENIOR NOTE DUE JANUARY 15, 2015

     This Note is one of a duly authorized issue of Securities of the Company, issued and to be
issued in one or more series under the senior indenture (herein called the “Indenture”), dated as
of March 17, 2004 between the Company and The Bank of New York, as Trustee (herein called the
“Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and
all indentures supplemental thereto reference is hereby made for a statement of the respective
rights thereunder of the Company, the Trustee and the Holders of the Notes, and of the terms upon
which the Notes are, and are to be, authenticated and delivered.

     Additional notes on terms and conditions identical to those of the Notes (except for any
differences in the issue price and interest accrued prior to the date of the issuance of the
additional notes) may be issued by the Company without the consent of the Holders of the Notes.
The amount evidenced by such additional notes shall increase the aggregate principal amount of, and
shall be consolidated and form a single series with, the Notes.

     Interest on this Note payable on an Interest Payment Date will accrue from and including the
immediately preceding Interest Payment Date to which interest has been paid or duly provided for,
or from and including January 12, 2005 if no interest has been paid or duly provided for, to but
excluding the applicable Interest Payment Date or Maturity Date, as the case may be. Interest on
this Note will be computed on the basis of a 360-day year of twelve 30-day months. If any Interest
Payment Date or the Maturity Date falls on a day that is not a Business Day, then the payment
required to be made on such date will, instead, be made on the next succeeding Business Day with
the same force and effect as if it were made on the date such payment was due, and no interest
shall accrue on the amount so payable from and after such Interest Payment Date or Maturity Date,
as the case may be.

     Subject to certain limitations in the Indenture, if an Event of Default occurs and is
continuing, then the Trustee or the Holders of not less than 25% in principal amount of the
Outstanding Notes may declare the principal of all the Notes to be due and payable immediately, by
a notice in writing to the Company (and to the Trustee if given by the Holders).

     Subject to certain exceptions requiring the consent of each Holder affected, the Indenture or
the Notes may be amended or supplemented with the consent of the Holders of not less than a
majority in principal amount of the Outstanding Notes affected, and compliance by the Company with
certain provisions of the Indenture and any past default under the Indenture (except a default in
the payment of the principal of or interest on the Notes or in respect of a covenant or provision
which under the terms of the Indenture cannot be modified or amended without the consent of each
Holder affected) may be waived with the consent of the Holders of at least a majority in principal
amount of the Outstanding Notes. Without notice to or the consent of any Holder, the parties to
the Indenture may amend or supplement the Indenture or the Notes to, among other things, cure any
ambiguity, defect or inconsistency and provide for assumption of the Company’s obligations to
Holder by another Person.

4

 

     The Notes are not subject to redemption by the Company prior to maturity or to repayment at
the option of the Holder before that date, and are not entitled to any sinking fund.

     As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Note may be registered on the Security Register, upon surrender of this Note for
registration of transfer at the Corporate Trust Office of the Trustee, or at such office or agency
of the Company maintained for that purpose, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed
by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new
Notes of authorized denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.

     The Notes are issuable only in registered form without coupons in denominations of $1,000 or
any integral multiple thereof. As provided in the Indenture and subject to certain limitations
therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes of
this series of a different authorized denomination, as requested by the Holder surrendering the
same.

     No service charge shall be made for any registration of transfer or exchange of Notes, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

     Prior to and at the time of due presentment of this Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.

     Beneficial interests in the Notes will be shown only on, and transfers thereof will be
effected only through, records maintained by the Depository and its participants. Owners of
beneficial interests in the Notes will not be entitled to receive Notes in definitive form and will
not be considered Holders of Notes unless the Depository notifies the Company in writing that it is
no longer willing or able to act as a depository or if the Depository ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and, in either case, the
Company does not appoint a successor depository within 90 days, or if the Company determines not to
have the Notes represented by global Securities or an Event of Default has occurred and is
continuing with respect to the Notes. In such circumstances, upon surrender by the Depository or a
successor depository of the global Securities, Notes in definitive form will be issued to each
beneficial owner of the related Notes in fully registered form without coupons, in minimum
denominations of $1,000 and integral multiples thereof. Such definitive Notes shall be registered
in such name or names as the Depository shall instruct the Trustee. If definitive Notes are so
delivered, the Company may make such changes to the form of the Note as are necessary or
appropriate to allow for the issuance of such definitive Notes.

     All terms used in this Note that are defined in the Indenture shall have the meanings assigned
to them in the Indenture. The terms of the Notes include those stated in the Indenture and those
made part of the Indenture by reference to the Trust Indenture Act of 1939,

5

 

as amended. The Notes are subject to all such terms, and Holders of Notes are referred to the
Indenture, all indentures supplemental thereto and said Act for a statement of such terms.

6EXHIBIT A - FORM OF EMPLOYMENT AGREEMENT

                                  UC HUB, Inc.
                     10390 Commerce Center Drive, Suite 250
                           Rancho Cucamonga, CA 91730

                                    6/1, 2004
Alice Kong
----------------------
68 Heather Garden Lane
----------------------
Danville, CA 94506
----------------------
[Name and Address of Employee]

Dear Alice:
     -----

     UC  HUB,  Inc.  (the  "Company")  is pleased to offer you employment on the
following  terms:

     1.     POSITION. You will serve in a full-time capacity as President, of
                                                                ---------
eSAFE Cards, Inc. a Nevada wholly owned subsidiary of UC HUB. You will report to
Larry Wilcox, CEO or his assigns. By signing this letter agreement, you
represent and warrant to the Company that you are under no contractual
commitments inconsistent with your obligations to the Company.

     2.     SALARY; EQUITY INCENTIVE. You will be paid a salary at the annual
rate of $150,000, payable in monthly installments in accordance with the
Company's standard payroll practice far salaried employees. This salary will be
subject to adjustment pursuant to the Company's employee compensation policies
in effect from time to time. During the initial six (6) months of employment
hereunder, you and the Company will negotiate in good faith and document an
incentive/bonus program based upon the Company's performance.

     3.     FRINGE BENEFIT. You will be covered by the Company's group medical
program upon satisfaction of the programs minimum waiting period. Except as
provided herein, there will be no other benefits provided to you by the Company
other than the six weeks of vacation, and an employee Option Plan and your bonus
stock and, incentives contingent upon performance that will be negotiated in
good faith.

     4.     PROPRIETARY INFORMATION AND INVENTION AGREEMENT. Like all Company
employees, you will be required, as a condition to your employment with the
Company, to sign the  Company's standard Proprietary Information and Inventions
Agreement, a copy of which is attached hereto as Exhibit A.

     5.     PERIOD OF EMPLOYMENT. Your employment with the Company will be "at
will," meaning that either you or the Company will be entitled to terminate your
employment at any time and for any reason, with or without cause. Any contrary
representations which may have been made to you are superseded by this offer.
This is the full and complete agreement between you and the Company on this
term. Although your job duties, title, compensation and benefits, as well as the
Company's personnel policies and procedures, may change from time to time, the
"at will" nature of your employment may only be changed in an express written
agreement signed by you and a duly authorized officer of the Company.

     6.     OUTSIDE ACTIVITIES. While employed by the Company on a full-time
basis, you will not engage to any other gainful employment, business or activity
without the written consent of the Company. While you render services to the
Company, you also will not assist any person or organization in competing with
the Company, in preparing to compete with the Company or in hiring any employees
of the Company.

     7.     WITHHOLDING  TAXES.  All forms of compensation referred to in this
letter are subject to reduction to reflect applicable withholding and payroll
taxes.

                                                                        INITIALS

                                                                             1/1
<PAGE>
Employment Letter
June 1, 2004
Page 2

     8.     ENTIRE AGREEMENT. This letter and the Exhibit attached hereto
contain all of the terms of your employment with the Company and supersede any
prior understandings or agreements, whether oral or written, between you and the
Company.

     9.     AMENDMENT AND GOVERNING LAW. This letter agreement may not be
amended or modified except by an express written agreement signed by you and a
duly authorized officer of the Company. The terms of this letter agreement and
the resolution of any disputes will be governed by California law and the venue
is Los Angeles County.

     We hope that you find the foregoing terms acceptable. You may indicate your
agreement with these terms and accept this offer by signing and dating both the
enclosed duplicate original of this letter and the enclosed Proprietary
Information and Inventions Agreement and returning them to me. As required by
law, your employment with the Company is also contingent upon your providing
legal proof of your identity and authorization to work in the United States.

Upon acceptance of this offer, your employment will commence on 6/1, 2004.
Very truly yours.

UNITED COMMUNICATIONS HUB, INC.

By: /s/ Larry Wilcox
    --------------------------
    Larry Wilcox, President/CEO
                                   I have read and accept this employment offer:

                                   Not legible
                                   -------------------------------------------
                                   [Signature of Employee]

                                   Date:  6/1/2004
                                        -------------------------

                                                                             2/5
<PAGE>
Employment Letter
June 1, 2004
Page 3

                EXHIBIT A - FORM OF PROPRIETARY INFORMATION AND
                              INVENTIONS AGREEMENT

     This Proprietary Information and Inventions Agreement ("PHA) (i) confirms
an agreement between me Alice Kong, and AllCom USA, Inc., a Nevada corporation
(the "Company"), (ii) is attached as Exhibit A to that certain Employment Letter
Agreement dated as June 1, 2004, between such parties, and (iii) is a material
part of the consideration for my employment by Company:

     1.     I have not entered into, and I agree I will not enter into, any
agreement either written or oral in conflict with this Proprietary Information
and Inventions Agreement or my employment with Company. I will not violate any
agreement with or rights of any third party or, except as expressly authorized
by Company in writing hereafter, use or disclose my own or any third party's
confidential information or intellectual property when acting within the scope
of my employment or otherwise on behalf of Company. Farther, I have not retained
anything containing any confidential information of a prior employer or other
third party, whether or not created by me.

     2.     Company shall own all right, title and interest (including patent
rights, copyrights, trade secret rights, mask work rights, sui generis database
rights and all other intellectual and industrial property rights of any sort
throughout the world) relating to any and all inventions (whether or not
patentable), works of authorship, mask works, designs, know-how, ideas and
information made or conceived or reduced to practice, in whole or in part, by me
during the term of my employment with Company to and only to the fullest extent
allowed by California Labor Code Section 2870 (which is attached as Appendix
A-1) (collectively "Inventions") and I will promptly disclose all Inventions to
Company. I will also disclose anything I believe is excluded by Section 2870 so
that the Company can make an independent assessment, I hereby make all
assignments necessary to accomplish the foregoing. I shall further assist
Company, at Company expense, to further evidence, record and perfect stick
assignments, and to perfect, obtain, maintain, enforce, and defend any rights
specified to be so owned or assigned, I hereby irrevocably designate and appoint
Company as its agents and attorneys-in-fact to act for and in my behalf to
execute and file any document and to do all other lawfully permitted acts to
further the purposes of the foregoing with the same legal force and effect as if
executed by me. If anything created by me prior to my employment relates to
Company's actual or proposed business, I have listed it on Appendix A-2. If I
use or disclose my own or any third party's confidential information or
intellectual property when acting within the scope of my employment on otherwise
on behalf of Company, Company will have and I hereby grant Company a perpetual,
irrevocable, worldwide royalty-free, non-exclusive, sub-licensable right and
license to exploit and exercise all such confidential information and
intellectual property rights.

     3.    To the extent allowed by law, paragraph 2 includes all rights of
paternity, integrity, disclosure and withdrawal and any other rights that may be
known as or referred to as "moral rights," "artist's rights," "droit moral," or
the like (collectively "Moral Rights"). To the extent I retain any such Moral
Rights under applicable law, I hereby ratify and consent to any action that may
be taken with respect to such Moral Right by or authorized by Company and agree
not to asset any Moral Rights with respect thereto I will confirm any such
ratifications, consents and agreements from time to time its requested by
Company.

     4.     I agree that all inventions and all other business, technical and
financial information (including, without limitation, the identity of and
information relating to customers, employees, consultants, vendor/suppliers of
products and/or services, strategic partners and/or investors) I develop, learn
or obtain during the term of my employment that relate to Company or the
business or demonstrably anticipated business of Company or that are received by
or for Company in confidence, constitute "Proprietary Information." I will hold
in confidence and not disclose or, except within the scope of my employment, use
any Proprietary Information. However, I shall not be obligated under this
paragraph with respect to information I can document is or becomes readily
publicly available without restriction through no fault

                                                                             3/5
<PAGE>
Employment Letter
June 1, 2004
Page 4

of mine. Upon termination of my employment, I will promptly return to Company
all items containing or embodying Proprietary Information (including all
copies), except that I may keep my personal copies of (i) my compensation
records, and (ii) this PIAA. I also recognize and agree that I have no
expectation of privacy with respect to Company's telecommunications, networking
or information processing systems (including, without limitation, stored
computer files, e-mail messages and voice messages) and that my activity and any
files or messages on or using any of those systems may be monitored at any time
without notice.

     5.     Apart from, and independent of, my obligations to the Company
pursuant to paragraph 4 above, for a period of one (1) year alter the Term of
my employment, I will not solicit or engage in any business relationship of any
kind or for any reason with any customer or employee, and/or investor of the
Company

     6.     I agree that during the Term of my employment with Company (whether
or not during business hours), I will not engage in any activity that is in any
way competitive with the business or demonstrably anticipated business of
Company, and I will not assist any other person or organization in competing or
in preparing to compete with any business or demonstrably anticipated business
of Company. To the extern permitted by applicable law, I also agree to be bound
by the restrictions of this paragraph 6 during the one (1) year period following
the Term of my employment with the Company.

     7.     I agree that my obligations under paragraphs 2, 3, 4 and 5 of this
PIAA shall continue in effect after terminations of my employment, regardless of
the reason or reasons for termination, and whether such termination is voluntary
or involuntary on my part and that Company to entitled to communicate my
obligations under this PIAA to any future employer or potential employer of
mine. My obligations under paragraphs 2, 3 and 4 also shall be binding upon my
heirs, executors, assigns, and administrators and shall insure to the benefit of
Company, its subsidiaries, successors and assigns.

     8.     Any dispute in the meaning, effect or validity of this PIAA shall
be resolved in accordance with the laws of the State of California without
regard to the conflict of laws provisions thereof. I further agree that if one
or more provisions of this PIAA are held to be illegal or unenforceable under
applicable California law, such illegal or unenforceable portion(s) shall be
limited or excluded from this PIAA to the minimum extent required so that this
PIAA shall otherwise remain in full force and effect and enforceable
in accordance with its terms. I also understand that  any breach of this PIAA
will cause irreparable harm to Company for which damages would not be a adequate
remedy, and, therefore, Company will be entitled to injunctive relief with
respect thereto in addition to any other remedies.

I HAVE READ THIS PIAA CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS
WHICH IT IMPOSES UPON ME WITHOUT RESERVATION, NO PROMISES OR REPRESENTATIONS
HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS PIAA. I SIGN THIS PIAA
VOLUNTARILY AND FREELY, IN DUPLICATE, WITH THE UNDERSTANDING THAT ONE
COUNTERPART WILL BE RETAINED BY COMPANY AND THE OTHER COUNTERPART WILL BE
RETAINED BY ME.

                                               As of 6/1, 2004
                                                     ---

Accepted and Agreed to:
UNITED COMMUNICATIONS HUB, INC.

By: /s/ Larry Wilcox
    --------------------------               /s/ Not legible
    Larry Wilcox, President/CEO              -----------------------
                                             [Signature of Employee]

                                                                             4/5
<PAGE>
Employment Letter
June 1, 2004
Page 5

                                  APPENDIX A-1

     CALIFORNIA LABOR CODE SECTION 2870 APPLICATION OF PROVISION PROVIDING THAT
EMPLOYEE SHALL ASSIGN OR OFFER TO ASSIGN RIGHTS IN INVENTION TO EMPLOYER.

     (a)     Any provision in an employment agreement which provides that an
employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the
employee developed entirely on his or her own time without using the employer's
equipment, supplies, facilities, or trade secret information except for those
inventions that either:

          (1) Relate at the time of conception or reduction to practice of the
invention to the employer's business, or actual or anticipated research or
development of the employer; or

          (2) Result from any work performed by the employee for his employer.

     (b)     To the extent a provision in an employment agreement purports to
require an employee to assign an invention otherwise excluded from being
required to be assigned under subdivision (a), the provision is against the
public policy of this state and  is unenforceable.

                                  APPENDIX A-2
                                  PRIOR MATTER

                                                                             5/5
<PAGE>

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