Document:

Exhibit 10.2

 

Exhibit 10.2

C O N S
U L T I N G   A G R E E M E N T

     AGREEMENT made as of December 20, 2005, between China 3C Group, a Nevada corporation
(hereinafter referred to as “Client”), and Wen-An Chen and Huoqing Yang (collectively hereinafter
referred as “Consultants”).

W I T N E S S E T H :

WHEREAS, the Consultants are engaged in the business of financial consulting services and has
knowledge, expertise and personnel to render the requisite services to Client; and

WHEREAS, Client is desirous of retaining the Consultants for the purpose of obtaining these
services so as to better, more fully and more effectively deal with the financial services
community.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
contained herein, it is agreed as follows:

I. Engagement of the Consultants. 

Client herewith engages the Consultants and the Consultants agrees to render to Client financial
consulting services which would include evaluating various business strategies and recommending
changes where appropriate and also critically evaluate the Client’s performance in view of its
corporate planning and business objectives. This would also include evaluation of upper management.

     A. The consulting services to be provided by the Consultants shall include, but are not
limited to, the development, implementation and maintenance of a sound financial advisory strategy
which would include:

          1. Corporate Planning—(a) develop an in-depth familiarization with the Client’s business
objectives and bring to its attention potential or actual opportunities which meet those objectives
or logical extensions thereof, (b) alert the Client to new or emerging high potential forms of
production and distribution which could either be acquired or developed internally, (c) comment on
the Client’s corporate development including such factors as position in competitive environment,
financial performances vs. competition, strategies, operational viability, etc., and (d) identify
prospective suitable merger or acquisition candidates for the Client, perform appropriate diligence
investigations with respect thereto, advise the Client with respect to the desirability of pursuing
such candidates, and assist the Client in any negotiations which may ensue therefrom.

 

 

     B. The services to be rendered by the Consultants to the Client shall under NO circumstances
include the following:

          1. Any activities which could be deemed by the Securities and Exchange Commission to
constitute investment banking or any other activities required by the Consultants to be registered
as a broker-dealer under the Securities Act of 1934.

          2. Any activities which could be deemed to be in connection with the offer or sale of
securities in a capital-raising transaction.

     C. Client acknowledges that the Consultants will devote such time as is reasonably necessary
to perform the services for Client, having due regard for the Consultants’ commitments and
obligations to other businesses for which it performs consulting services.

II. Compensation and Expense Reimbursement. 

Client will pay the Consultants, as compensation for the services provided for in this Agreement
and as reimbursement for expenses incurred by the Consultants on Client’s behalf, in the manner set
forth in Warrant Agreement annexed to this Agreement as Schedule A, which Schedule is incorporated
herein by reference.

III Miscellaneous.

Term and Termination. This Agreement shall be for a period of one year commencing December 20,
2005 and terminating December 19, 2006. If the Client does not cancel the contract during the term,
the contract will be automatically extended for an additional three months. Either party hereto
shall have the right to terminate this Agreement upon 15 days prior written notice to the other
party after the first 90 days.

Treatment of Confidential Information. The Consultants shall not disclose, without the consent of
Client, any financial and business information concerning the business, affairs, plans and programs
of Client which are delivered by Client to the Consultants in connection with the Consultants’
services hereunder, provided such information is plainly and prominently marked in writing by
Client as being confidential (the “Confidential Information”). The Consultants will not be bound
by the foregoing limitation in the event (i) the Confidential Information is otherwise disseminated
and becomes public information or (ii) the Consultants are required to disclose the Confidential
Informational pursuant to a subpoena or other judicial order.

Representation by the Consultants of other clients. Client acknowledges and consents to the
Consultants rendering financial consultation services to other clients of the Consultants engaged
in the same or similar business as that of Client.

 

 

Indemnification by Client as to Information Provided to the Consultants. Client acknowledges that
the Consultants, in the performance of its duties, will be required to rely upon the accuracy and
completeness of information supplied to it by Client’s officers, directors, agents and/or
employees. Client agrees to indemnify, hold harmless and defend the Consultants, its agents and/or
employees from any proceeding or suit which arises out of or is due to the inaccuracy or
incompleteness of any material or information supplied by Client to the Consultants.

Independent Contractor. It is expressly agreed that the Consultants are acting as an independent
contractor in performing its services hereunder. Client shall carry no workers compensation
insurance or any health or accident insurance on the Consultants or Consultants’ employees. Client
shall not pay any contributions to social security, unemployment insurance, Federal or state
withholding taxes nor provide any other contributions or benefits which might be customary in an
employer-employee relationship.

Non-Assignment. This Agreement shall not be assigned by either party without the written consent
of the other party.

Notices. Any notice to be given by either party to the other hereunder shall be sufficient if in
writing and sent by registered or certified mail, return receipt requested, addressed to such party
at the address specified on the first page of this Agreement or such other address as either party
may have given to the other in writing.

Entire Agreement. The within agreement contains the entire agreement and understanding between the
parties and supersedes all prior negotiations, agreements and discussions concerning the subject
matter hereof.

Modification and Waiver. This Agreement may not be altered or modified except by writing signed by
each of the respective parties hereof. No breach or violation of this Agreement shall be waived
except in writing executed by the party granting such waiver.

Law to Govern; Forum for Disputes. This Agreement shall be governed by the laws of the
Commonwealth of Massachusetts without giving effect to the principle of conflict of laws. Each
party acknowledges to the other that courts within the City of New York, New York shall be the sole
and exclusive forum to adjudicate any disputes arising under this agreement.

 

 

IN WITNESS WHEREOF, the parties have executed this Consulting Agreement as of the day and year
first written above.

The Consultants

	 	 	 
	/s/ Wen-An Chen

	 	/s/ Huoqing Yang
	 

	 	 
	Wen-An Chen

	 	Huoqing Yang
	 
	 	 
	CHINA 3C GROUP (“Client”)
	 	 
	 
	 	 
	/s/ Zhenggang Wang, CEO/Chairman
	 	 
	 

	Zhenggang Wang, CEO/Chairman
	 	 

 

 

SCHEDULE A

WARRANT AGREEMENT

     A. Grant of Warrants and Warrant Exercise Price. As compensation for the services to
be rendered by Consultants hereunder, Client herewith issues and grants to the Consultants stock
options (the “Warrants”) to purchase an aggregate of 4,000,000 shares of Client’s Common Stock at
an exercise price of $.10 per share. The Warrants are exercisable upon and subject to the terms and
conditions contained herein. The Warrants are exercisable during the period commencing on the date
hereof and ending three years subsequent to the termination date of this Agreement. These
restricted shares will be issued to the Consultants upon the signing of this Agreement and held by
the Client until payment is made.

     B. Manner of Exercise. Exercise of any of the Warrants by Consultants shall be by
written notice to Client accompanied by Consultants’ certified or bank check for the purchase price
of the shares being purchased. Upon receipt of such notice and payment, Client shall promptly
cause to be issued, without transfer or issue tax to the option holder or other person entitled to
exercise the option, the number of shares for which the Warrant has been exercised, registered in
the name of Consultants. Such shares, when issued, shall be fully paid and non-assessable.

     C. Warrant Shares. Consultants acknowledges that any shares which it may acquire from
Client pursuant to the exercise of the Warrants provided for herein will not have been registered
pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and therefore may not be
sold or transferred by Consultants except in the event that such shares are the subject of a
registration statement or any future sale or transfer is, in the opinion of counsel for Client,
exempt from such registration provisions. Consultants acknowledges that any shares which it may
acquire pursuant to the exercise of the Warrants will be for its own account and for investment
purposes only and not with a view to the resale or redistribution of same. Consultants further
consent that the following legend be placed upon all certificates for shares of Common Stock which
may be issued to Consultants upon the exercise of the Warrants:

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”) AND MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE
CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.”

Consultants further consent that no stop transfer instructions being placed against all
certificates may not be issued to it upon the exercise of the Warrants.

 

 

          (i) If the Client executes a Registration during the term of the contract, then the
Consultants’ shares will be added to this Registration at no cost to the Consultants. The Client
shall bear all costs and expenses attributable to such registration, excluding fees and expenses of
Consultants’ counsel and any underwriting or selling commission. Client shall maintain the
effectiveness of such registration throughout the term of this Agreement and for a 120 day period
thereafter.

          (ii) Notwithstanding the foregoing, if the Shares issuable upon exercise of the Warrants are
not otherwise registered under the Securities Act and the Client shall at any time after the date
hereof propose to file a registration statement under the Securities Act, which registration
statement shall include shares of Common Stock of Client or any selling shareholder, Client shall
give written notice to Consultants of such proposed registration and will permit Consultants to
include in such registration all Shares which it has acquired as of the date of such notice. The
Client shall bear all costs and expenses attributable to such registration, excluding fees and
expenses of Consultants’ counsel and any underwriting or selling commission.

D. Adjustments in Warrant Shares.

          (i) In the event that Client shall at any time sub-divide its outstanding shares of Common
Stock into a greater number of shares, the Warrant purchase price in effect prior to such
sub-division shall be proportionately reduced and the number of shares of Common Stock purchasable
shall be proportionately increased. In case the outstanding shares of Common Stock of Client shall
be combined into a smaller number of shares, the Warrant purchase price in effect immediately prior
to such combination shall be proportionately increased and the number of shares of Common Stock
purchasable shall be proportionately reduced.

          (ii) In case of any reclassification or change of outstanding shares of Common Stock issuable
upon exercise of this Warrant (other than change in par value, or from par value to no par value,
or from no par value to par value, or as a result or a subdivision or combination), or in case of
any consolidation or merger of the Client with or into another corporation (other than a merger in
which the Client is the continuing corporation and which does not result in any reclassification or
change of outstanding shares of Common Stock, other than a change in number of the shares issuable
upon exercise of the Warrant) or in case of any sale or conveyance to another corporation of the
property of the Client as an entirety or substantially as an entirety, the Holder of this Warrant
shall have the right thereafter to exercise this Warrant into the kind and amount of shares of
stock and other securities and property receivable upon such reclassification, change,
consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock of
the Client for which the Warrant might have been exercised immediately prior to such
reclassification, change, consolidation, merger, sale or conveyance. The above provisions shall
similarly apply to successive reclassifications and changes of shares of Common Stock and to
successive consolidations, mergers, sales or conveyances.

 

 

     (iii) The Consultants reserve the right to assign these options to a third party at its own
discretion.

The Consultants

	 	 	 
	/s/ Wen-An Chen

	 	/s/ Huoqing Yang
	 

	 	 
	Wen-An Chen

	 	Huoqing Yang
	 
	 	 
	CHINA 3C GROUP (“Client”)
	 	 
	 
	 	 
	/s/ Zhenggang Wang, CEO/Chairman
	 	 
	 

	Zhenggang Wang, CEO/ChairmanExhibit 4.1

 

Exhibit 4.1

               UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR
BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO.
OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND
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.

               NEITHER THIS NOTE NOR THE GUARANTEE INCLUDED HEREIN IS A BANK DEPOSIT OR INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR BY ANY OTHER INSURER OR GOVERNMENTAL AGENCY.

               THE INDENTURE, DATED AS OF DECEMBER 1, 1991, RELATING TO THIS SECURITY, HAS BEEN AMENDED BY A
SUPPLEMENTAL INDENTURE, DATED AS OF FEBRUARY 15, 1993, AND FURTHER AMENDED BY A SECOND SUPPLEMENTAL
INDENTURE, DATED AS OF FEBRUARY 15, 2000.

 

 

PNC FUNDING CORP

5.125% SENIOR NOTES DUE 2010

			
	REGISTERED

No. 1
	 	CUSIP: 69347UAC4

ISIN: US69347UAC45
	 
	 	$400,000,000

          PNC FUNDING CORP, a corporation duly organized and existing under the laws of Pennsylvania
(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 Four Hundred Million Dollars on December 14, 2010, and to pay
interest thereon from December 14, 2005, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semiannually in arrears on December 14 and June 14 in
each year, commencing June 14, 2006, and at maturity, at the rate of 5.125% per annum, until the
principal hereof is paid or made available for payment, and (to the extent that the payment of such
interest shall be legally enforceable) at the same rate per annum on any overdue principal and
premium and on any overdue installment of interest. The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date, subject to certain exceptions, will, as
provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be December 1 and June 1 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. However, interest payable on the maturity date will be
paid to the person to whom the principal will be payable. Any such interest not so punctually paid
or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date
and may either be paid to the Person in whose name this Security (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 holders of the
Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner acceptable to the Trustee and not inconsistent with the requirements of any
securities exchange on which the Securities may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in said Indenture.

          This Security is one of a duly authorized issue of securities of the Company (herein called
the “Securities” or “Notes”), issued and to be issued in one or more series under an Indenture,
dated as of December 1, 1991, among the Company, PNC Financial Corp (also known as “PNC Bank Corp.”
and now known as “The PNC Financial Services Group, Inc.”) (the “Guarantor”) and JPMorgan Chase
Bank, N. A. (formerly known as The Chase Manhattan Bank and Chemical Bank, successor by merger to
Manufacturers Hanover Trust Company), as Trustee (herein called the “Trustee,” which term includes
any successor trustee under the Indenture) as amended by a Supplemental Indenture dated as of
February 15, 1993 by and among the Company, the Guarantor and the Trustee, and as further amended
by a Second Supplemental Indenture dated as of February 15, 2000 by and among the Company, the
Guarantor and the Trustee (such Indenture as amended being herein called the “Indenture”), to which
Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are
to be, authenticated and delivered. This Security is one of the series designated above, initially
issued in the aggregate principal amount of $400,000,000, and is subject to additional issuances as
the Company may determine or as provided for in the Indenture.

 

 

          The Securities of this series are not redeemable prior to their stated maturity and are not
subject to any sinking fund.

          If an Event of Default (as defined in the Indenture) with respect to the Securities shall
occur and be continuing, the principal of the Securities may be declared due and payable in the
manner and with the effect provided in the Indenture.

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

          The indebtedness of the Company evidenced by the Securities of this series, including the
principal thereof and interest thereon, is, to the extent and in the manner set forth in the
Indenture, senior in right of payment to its obligations to holders of Subordinated Debt Securities
and Existing Company Subordinated Indebtedness (each as defined in the Indenture) and shall rank
pari passu in right of payment with each other and with Senior Company Indebtedness
(as defined in the Indenture), as provided in the Indenture, and each Holder of Securities, by the
acceptance hereof, agrees to and shall be bound by such provisions of the Indenture.

          The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the Guarantor and the rights of
the holders of the Securities of any series under the Indenture at any time by the Company, the
Guarantor and the Trustee with the consent of the holders of a majority in principal amount of the
outstanding Securities of all series (voting as one class) to be affected by such amendment or
modification. The Indenture also contains provisions permitting the holders of specified
percentages in principal amount of the Outstanding Securities of any series, on behalf of the
holders of all Securities of such series, to waive compliance by the Company or the Guarantor 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 Security shall be conclusive and
binding upon such holder and upon all future holders of this Security and of any Security 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 Security.

          No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of and interest on this Security at the times, place and rate, and in the coin or
currency, herein prescribed.

          The Securities are issuable only in registered form without coupons in denominations of $1,000
and any integral multiple thereof. This Security is a global security, represented by one or more
permanent global certificates registered in the name of the nominee of The Depository Trust Company
(each a “Global Note” and collectively, the “Global Notes”). Accordingly, unless and until it is
exchanged in whole or in part for individual certificates evidencing the Securities represented
hereby, this Security may not be transferred except as a whole by The Depositary Trust Company (the
“Depositary”) to a nominee of such Depositary or by a nominee of such Depositary or by the
Depositary or any nominee to a successor Depositary or any nominee of such successor. Ownership of
beneficial interests in this Security will be shown on, and the transfer of that ownership will be
effected only through, records maintained by the applicable Depositary or its nominee (with respect
to interest of persons that have accounts with the Depositary (“Participants”) and the records of
Participants (with respect to interests of persons other than Participants)). Beneficial interests
in Securities by persons that hold through Participants will be evidenced only by, and transfers of
such beneficial interests

-2-

 

with such Participants will be effected only through, records maintained by such Participants.
The laws of some states require that certain purchasers of securities take physical delivery of
such securities in definitive form. Such limits and such laws may impair the ability to transfer
beneficial interests in this Security. Except as provided below, owners of beneficial interests in
this Security will not be entitled to have any individual certificates and will not be considered
the owners or Holders thereof under the Indenture.

          Except in the limited circumstances set forth herein, Participants and owners of beneficial
interests in the Global Notes will not be entitled to receive Securities in definitive form and
will not be considered holders of Securities. If the Depositary is at any time unwilling, unable
or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company
within 90 days, or an event of default has occurred and is continuing, and the Depositary requests
the issuance of certificated notes, the Company will issue individual certificates evidencing the
Securities represented hereby in definitive form in exchange for this Security in registered form
to each person that the Depositary identifies as the beneficial owner of the Securities represented
by the Global Notes upon surrender by the Depositary of the Global Notes. In addition, the Company
may at any time and in its sole discretion determine not to have any Securities represented by one
or more global securities and, in such event, will issue individual certificates evidencing
Securities in definitive form in exchange for this Security. In any such instance, an owner of a
beneficial interest in a Security will be entitled to physical delivery in certificated form of
Securities equal in principal amount to such beneficial interest and to have such Securities
registered in its name. Securities so issued in certificated form will be issued in denominations
of $1,000 and any integral multiple thereof and will be issued in registered form only, without
coupons. Neither the Company nor the principal paying agent will be liable for any delay by the
Depositary, its nominee or any direct or indirect participant in identifying the beneficial owners
of the related Securities. The Company and the principal payment agent may conclusively rely on,
and will be protected in relying on, instructions from the Depositary or its nominee for all
purposes, including with respect to the registration and delivery, and the respective principal
amounts, of the Securities to be issued.

          Except as provided herein, beneficial owners of Global Notes will not be entitled to receive
physical delivery of Securities in definitive form and no Global Note will be exchangeable except
for another Global Note of like denomination and tenor to be registered in the name of the
Depositary or its nominee. Accordingly, each person owning a beneficial interest in a Global Note
must rely on the procedures of the Depositary and, if such person is not a Participant, on the
procedures of the Participant through which such person owns its interest, to exercise any rights
of a holder under the Securities.

          Beneficial interests in the Global Notes will be represented through book-entry accounts of
financial institutions acting on behalf of beneficial owners as direct and indirect participants in
the Depositary. Investors may elect to hold interests in the Global Notes through the Depositary,
either directly if they are Participants of such system or indirectly through organizations that
are Participants in such system.

          The laws of some jurisdictions may require that purchasers of securities take physical
delivery of those securities in definitive form. Accordingly, the ability to transfer interests in
the Securities represented by a Global Note to those persons may be limited. In addition, because
the Depositary can act only on behalf of its Participants, who in turn act on behalf of persons who
hold interests through Participants, the ability of a person having an interest in Securities
represented by a Global Note to pledge or transfer such interest to persons or entities that do not
participate in the Depositary’s system, or otherwise to take actions in respect of such interest,
may be affected by the lack of a physical definitive security in respect of such interest.

-3-

 

          Neither the Company, the Trustee, the principal paying agent nor any Security Registrar will
have any responsibility or liability for any aspect of the records relating to or payments made on
account of Securities by the Depositary, or for maintaining, supervising or reviewing any records
of the Depositary relating to the Securities.

          JPMorgan Chase Bank, N. A. will act as the Company’s principal paying agent with respect to
the Securities through its offices presently located at 4 New York Plaza, New York, New York 10004.
The Company may at any time rescind the designation of a paying agent, appoint a successor paying
agent, or approve a change in the office through which any paying agent acts. Payments of interest
and principal may be made by wire-transfer in immediately available funds for Securities held in
book-entry form or, at the Company’s option in the event the Securities are not represented by
Global Notes, by check mailed to the address of the person entitled to the payment as it appears in
the Security register. Payment of principal will be made upon the surrender of the relevant
Securities at the offices of the principal paying agent.

          Notices to the holders of registered Securities will be mailed to them at their respective
addresses in the register of the Securities and will be deemed to have been given on the fourth
weekday (being a day other than Saturday or Sunday) after the date of mailing.

          The Indenture contains provisions setting forth certain conditions to the institution of
proceedings by the holders of Securities with respect to the Indenture or for any remedy under the
Indenture.

          All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

— end of page —

[signatures appear on following page]

-4-

 

     IN WITNESS WHEREOF, PNC Funding Corp has caused this Note to be signed in its name by its
Chairman of the Board, President or any Executive or Senior Vice President, and by its Secretary or
an Assistant Secretary, or by facsimiles of any of their signatures, and its corporate seal, or a
facsimile thereof, to be hereto affixed.

	 	 	 	 	 	 	 	 	 
	Dated: December 14, 2005
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	PNC FUNDING CORP	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ Randall C. King	 	 
	 

	 	 	 	 	 	 

Name:       Randall C. King
	 	 
	Attest:

	 	 	 	 	 	Title:        Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Thomas R. Moore
	 	 	 	 	 	 	 	 
	 

Name:       Thomas R. Moore

	 	 	 	 	 	 	 	 
	Title:        Secretary
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	[SEAL]
	 	 	 	 	 	 	 	 

-5-

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N. A.	 	 
	 	 	       as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Francine Springer
 

	 	 
	 

	 	 	 	  Authorized officer	 	 

-6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]