Document:

EX-10.2

 

EXHIBIT 10.2

EMPLOYMENT AGREEMENT

     This Employment Agreement (this “Agreement”) is entered into by and between Knova
Software, Inc., a Delaware corporation (“Knova” or the “Company”) and Thomas J. Muise (the
“Executive”), on this 23rd day of June 2005 (the “Effective Date”).

     1. Duties and Scope of Employment.

          (a) Position. For the term of his employment under this Agreement, the Company agrees
to employ Executive in the position of Chief Financial Officer reporting to the Chief Executive
Officer.

          (b) Obligations to the Company. During the term of his employment, Executive shall
devote his full business efforts and time to the Company; provided, however, that nothing herein
shall prohibit Executive from rendering charitable services of any nature to any person or
organization to the extent such services do not materially impact the ability of Executive to
fulfill his obligations to the Company. Executive shall be permitted to serve as a member of the
board of directors of the companies listed on Exhibit A attached hereto, which list may be
supplemented with additional board memberships at the Executive’s request and the prior written
consent of the Company’s Board of Directors (the “Board of Directors”). Executive shall comply
with the Company’s policies and rules, as they may be in effect from time to time during the term
of his employment.

          (c) No Conflicting Obligations. Executive represents and warrants to the Company that
he is under no obligations or commitments, whether contractual or otherwise, that are inconsistent
with his obligations under this Agreement. Executive represents and warrants that he will not use
or disclose, in connection with his employment by the Company, any trade secrets or other
proprietary information or intellectual property in which Executive or any other person has any
right, title or interest and that his employment by the Company as contemplated by this Agreement
will not infringe or violate the rights of any other person or entity. Executive represents and
warrants to the Company that he has returned, to his knowledge, all property and confidential
information belonging to any prior employers.

          (d) Effective Date. Executive shall commence full-time Employment under the terms of
this Agreement on the Effective Date.

     2. Cash and Incentive Compensation.

          (a) Salary. The Company shall pay Executive as compensation for his services a base
salary at a gross monthly rate of $14,583.33 (an annualized base salary of $175,000.00), payable in
accordance with the Company’s standard payroll schedule. The Compensation Committee of the Board
of Directors shall review Executive’s Base Compensation on at least an annual basis. The
compensation specified in this Section 2(a), together with any increases in such compensation that
the Company may grant from time to time, is referred to in this Agreement as “Base Compensation.”

 

 

          (b) Annual Bonus. For each fiscal year during his employment, Executive shall have
the opportunity to earn an annual performance bonus based on reasonable criteria set forth in an
incentive bonus plan established by the Compensation Committee of the Board of Directors and the
Chief Executive Officer of the Company (“CEO”) after consultation with Executive (the “Annual
Bonus”). Upon full attainment of the performance criteria established by the Compensation
Committee, the Annual Bonus will be equal to $52,500, but for less than full achievement of such
performance criteria, the Annual Bonus shall be a lesser amount in accordance with a specific
formula determined by the CEO after consultation with Executive. Except as otherwise provided in
this Agreement, Executive’s receipt of the Annual Bonus shall be contingent upon Executive’s
continued employment through the end of the bonus period with respect to which it is payable;
provided, Executive shall have the right to any pro rata portion of the Annual Bonus in the event
his employment terminates prior to the end of such bonus period. The Annual Bonus shall be
determined in good faith by the Company as soon as practicable after the end of each bonus period
with respect to which it is payable. The determinations of the Company with respect to the Annual
Bonus shall be final and binding on Executive. The Company’s incentive bonus plan will be reviewed
periodically by the CEO and Compensation Committee of the Board of Directors.

     3. Executive Benefits. During the term of his employment, Executive shall be eligible
to participate in any employee benefit plans maintained by the Company for similarly situated
employees, subject in each case to the generally applicable terms and conditions of the plan in
question and to the determinations of any person or committee administering such plan.

     4. Paid Time Off. During the term of his employment, Executive shall be eligible for
three (3) weeks of paid time off per year in accordance with the Company’s standard accrual and
other policies, as such policies may be amended from time to time.

     5. Equity.

          (a) Grant of Stock Options. Subject to the approval of the Company’s Compensation
Committee and, if required, Board of Directors, Executive shall be granted a stock option to
purchase 88,000 shares of the Company’s common stock under the Knova Software, Inc. 2000 Stock
Incentive Plan (the “Plan”), subject to adjustment for stock dividends, stock splits,
recapitalizations and the like. Such option shall be granted as soon as reasonably practicable
after the Effective Date of this Agreement. The per share exercise price of the option will be
equal to the closing price of the Company’s stock on the date of grant. The term of such option
shall be ten (10) years, subject to earlier expiration in the event of the termination of
Executive’s service with the Company. Subject to the terms of the Plan and the Grant Agreement (as
defined below), during your employment with the Company the option will vest and become exercisable
as follows: (a) 25% of the option shares will become exercisable in a lump sum on the one year
anniversary of the Effective Date; and (b) the remaining 75% will become exercisable in thirty six
(36) equal, successive monthly installments commencing on the thirteen month anniversary of the
Effective Date.

          (b) Exercise of Options. The stock options granted pursuant to Section 5(a) above
shall be subject to the Company’s standard form of stock option agreements

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(the “Grant Agreement”), copies of which must be executed by Executive as a condition of the
grant and exercise.

     6. Expenses. During the term of his employment, Executive shall be authorized to
incur necessary and reasonable travel, entertainment and other business expenses in connection with
his duties hereunder. The Company shall reimburse Executive for such expenses upon presentation of
an itemized account and appropriate supporting documentation, all in accordance with the Company’s
generally applicable policies.

     7. Term of Employment.

          (a) Basic Rule. Executive’s employment with the Company shall be “at will,” and
either Executive or the Company may terminate Executive’s employment at any time, for any reason,
with or without Cause. Any contrary representations, which may have been made to Executive shall
be superseded by this Agreement. This Agreement shall constitute the full and complete agreement
between Executive and the Company on the “at will” nature of Executive’s employment, which may only
be changed in an express written agreement signed by Executive and a duly authorized member of the
Board of Directors. Executive’s employment shall terminate automatically in the event of his death
or permanent disability.

          (b) Rights Upon Termination. Except as expressly provided in Sections 7 and 8, upon
the termination of Executive’s employment, Executive shall only be entitled to the compensation,
benefits and reimbursements described in Sections 2, 3, 4 and 6 for the period preceding the
effective date of the termination. The payments in full under this Agreement shall discharge all
responsibilities of the Company to Executive.

          (c) Termination of Agreement. This Agreement shall terminate when all obligations of
the parties hereunder have been satisfied. The termination of this Agreement shall not limit or
otherwise affect any of Executive’s obligations under Section 10, which shall survive the
termination of this Agreement.

     8. Termination Benefits. If Executive’s employment with the Company is terminated at
any time by the Company without Cause or by Executive for Good Reason, then Executive shall be
entitled to receive the following severance and other benefits:

(a) Severance. The Company shall continue to pay Executive’s Base Compensation until the
earlier of the following dates: (A) the date which is six (6) months from the date of termination,
or (B) the date that Executive accepts other full time employment (as applicable, the “Severance
End Date”). In addition, within fifteen (15) days after the termination, Executive shall be
entitled to receive payment of a prorata portion of the Annual Bonus amount for the calendar year
of termination.

          (b) Health Benefits. In the event Executive elects to continue his health insurance
coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the
termination of his employment, then the Company shall pay Executive’s monthly premium under COBRA
until the Severance End Date.

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          (c) Option Acceleration. In the event that Executive’s employment is terminated
within twelve (12) months following a Change in Control, as defined below, 50% of his outstanding,
unvested options as of the date of termination shall immediately vest, provided, however, that if
the date of termination is on or prior to the first year anniversary of the Effective Date, then
the options granted in Section 5(a) above will be deemed to have vested on a monthly basis over 48
months commencing on the Effective Date.

          (d) Definitions.

               (i) Cause. For all purposes under this Agreement, “Cause” shall mean:

                    (a) Any material breach of this Agreement or the Employee Proprietary Information Agreement
between Executive and the Company;

                    (b) Commission of any act of gross negligence, willful misconduct or fraud with respect to the
Company or any of its affiliates causing material harm to the business, assets or reputation of the
Company or any of its affiliates;

                    (c) Conviction (including plea of no contest) of a felony or crime involving moral turpitude;

                    (d) Executive’s unauthorized use or disclosure of the confidential information or trade
secrets of the Company or any of its affiliates which use causes material harm to the Company or
any of its affiliates; or

                    (e) Material misappropriation of the assets of the Company.

               (ii) Change of Control. For all purposes under this Agreement, “Change of Control”
shall mean:

                    (a) The closing of a consolidation or merger of the Company with or into any other corporation
or corporations in which the holders of the Company’s outstanding shares immediately before such
consolidation or merger do not, immediately after such consolidation or merger, retain stock
representing a majority of the voting power of the surviving corporation of such consolidation or
merger;

                    (b) The approval by the Company shareholders of a plan of complete liquidation of the Company;

                    (c) A sale of all or substantially all of the assets of the Company; or

                    (d) Any transaction (or series of related transactions involving a person or entity, or group
of affiliated persons or entities) in which in excess of fifty percent (50%) of the Company’s
outstanding voting power is transferred.

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               (iii) Good Reason. For all purposes under this Agreement, “Good Reason” shall mean any
of the following are undertaken without Executive’s prior written consent:

                    (a) Any material and substantial adverse change in the Executive’s title, position or
authority within the Company;

                    (b) Any material decrease in Executive’s compensation package or benefits;

                    (c) The death or permanent disability of Executive;

                    (d) A relocation of your business office to a location more than fifty (50) miles from
the location at which you performed your duties as of the effective date of the Change of
Control, except for required travel by you on the Company’s business to an extent
substantially consistent with your business travel obligations prior to the effective date
of the Change of Control.

                    (e) A material breach by the Company of any provision of a material agreement between
you and the Company concerning the terms and conditions of your employment provided,
however, that Executive shall first provide the Company’s CEO or Board of Directors with
detailed, written notice of breach and afford the Company a thirty (30) day opportunity to
cure such breach.

               (e) Release. In partial consideration of Executive’s receipt of any benefits under
this Section 8, Executive shall execute a Release (the “Release”), in a form mutually acceptable to
both the Company and the Executive, which shall among other terms and conditions include a release
of Executive’s rights and claims in existence at the time of such execution of the Release and
shall exclude any continuing obligations the Company may have to Executive following his
termination of employment under this Agreement, any stock option agreement or any other agreement
providing for obligations to survive his termination of employment.

     9. Limitation on Payments.

             (a) Limitation. In the event that the accelerated vesting, severance and other
benefits provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute
payments” within the meaning of Section 280G of the Internal Revenue Code (the “Code”) and (ii)
would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then
Executive’s accelerated vesting, severance and other benefits under this Agreement shall be either
(x) delivered in full or, (y) delivered in a manner that would result in no portion of such
benefits being subject to the Excise Tax (with cash payments being reduced before stock option
compensation), whichever of the foregoing amounts, taking into account the applicable federal,
state and local income taxes and the Excise Tax, results in the receipt by Executive on an
after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of
such benefits may be taxable under Section 4999 of the Code.

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          (b) Determination by Accountants. Unless the Company and Executive otherwise agree in
writing, any determination required under this Section 9, including whether and to what extent the
payments to Executive shall be reduced and the assumptions to be utilized in arriving at such
determination, shall be made by the nationally recognized certified public accounting firm used by
the Company immediately prior to the Change of Control or, if such firm declines to serve, such
other nationally recognized certified public accounting firm as may be designated by Executive (the
“Accountants”). Such determination shall be made as soon as practicable following the Change of
Control. The Accountants shall provide detailed supporting calculations both to the Company and
Executive at such time as is requested by the Company. For purpose of making the calculations
required by this Section 9, the Accountants may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the
application of Section 280G and 4999 of the Code. The Company and Executive shall furnish to the
Accountants such information and documents as the Accountants may reasonably request in order to
make a determination under this Section 9. The Company shall bear all costs the Accountants may
reasonably incur in connection with any calculations by this Section 9.

     10. Non-Disclosure; Restrictive Covenants.

          (a) As a condition of employment, Executive has entered into a Proprietary Information
Agreement with the Company, which is incorporated herein by reference (the “Proprietary Information
Agreement”).

          (b) Because the Executive acknowledges and agrees that, in conjunction with his employment
with the Company, he will have access to confidential and trade secret information of the Company,
the following restrictive covenant is necessary to protect the interests and continued success of
the Company. Except as otherwise expressly consented to in writing by the Company, during the time
period that begins on the Effective Date and ends twelve (12) months from the date of termination
of Executive’s employment (the “Restricted Period”), the Executive shall not, directly or
indirectly, acting as an employee, owner, shareholder, partner, joint venturer, officer, director,
agent, salesperson, consultant, advisor, investor or principal of any corporation or other business
entity:

               (i) request or otherwise attempt to induce or influence, directly or indirectly, any customer
or supplier, or prospective customer or supplier, of the Company, or other persons sharing a
business relationship with the Company, to cancel, limit or postpone their business with the
Company, or otherwise take action which might be to the material disadvantage of the Company; or

               (ii) hire or solicit for employment or other business relationship, or induce or actively
attempt to influence, any employee, officer , director or other business associate of the Company
to terminate his or her employment or discontinue such person’s consultant, contractor or other
business association with the Company.

          (c) If the Executive violates any of the restrictions contained in this section, the
Restricted Period shall be increased by the period of time from the commencement of any such
violation until the time such violation shall be cured by the Executive to the

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satisfaction of the Company, and the Company may withhold any and all payments otherwise due
and owing to the Executive under this Agreement, if any, other than Base Salary.

          (d) The Executive acknowledges that, due to the nature of the Company’s business, the scope of
the provisions set forth in Section 10(b) are reasonable and necessary for the protection of the
business and goodwill of the Company. The Executive agrees that any breach of Section 10 will
cause the Company substantial harm and therefore, in the event of any such breach, in addition to
such other remedies that may be available, the Company shall have the right to seek a temporary
restraining order, preliminary injunctive relief and permanent injunctive relief.

     11. Successors.

          (a) Company’s Successors. This Agreement shall be binding upon any successor (whether
direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise)
to all or substantially all of the Company’s business and/or assets. For all purposes under this
Agreement, the term “Company” shall include any successor to the Company’s business and/or assets
that becomes bound by this Agreement.

          (b) Executive’s Successors. This Agreement and all rights of Executive hereunder
shall inure to the benefit of, and be enforceable by, Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

     12. Miscellaneous Provisions.

          (a) Notice. Notices and all other communications contemplated by this Agreement shall
be in writing and shall be deemed to have been duly given when personally delivered or when mailed
by overnight courier, U.S. registered or certified mail, return receipt requested and postage
prepaid. In the case of Executive, mailed notices shall be addressed to him at the home address
which he most recently communicated to the Company in writing. In the case of the Company, mailed
notices shall be addressed to its corporate headquarters, and all notices shall be directed to the
attention of its Secretary.

          (b) Modifications and Waivers. No provision of this Agreement shall be modified,
waived or discharged unless the modification, waiver or discharge is agreed to in writing and
signed by Executive and by an authorized officer of the Company (other than Executive). No waiver
by either party of any breach of, or of compliance with, any condition or provision of this
Agreement by the other party shall be considered a waiver of any other condition or provision or of
the same condition or provision at another time.

          (c) Whole Agreement. This Agreement supercedes any prior offer letters, employment
agreements or the like previously entered into between the Executive and the Company. No other
agreements, representations or understandings (whether oral or written) which are not expressly set
forth in this Agreement have been made or entered into by either party with respect to the subject
matter of this Agreement. This Agreement, the Proprietary Information Agreement, and any stock
option agreement and Company stock plan between

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Executive and the Company contain the entire understanding of the parties with respect to the
subject matter hereof.

          (d) Withholding Taxes. All payments made under this Agreement shall be subject to
reduction to reflect taxes or other charges required to be withheld by law.

          (e) Choice of Law and Jurisdiction. This Agreement shall be construed, interpreted
and the rights of the parties determined in accordance with the laws of the State of California,
without giving effect to any choice or conflict of law provision or rule (whether in the State of
California or any other jurisdiction) that would cause the application of laws of any jurisdictions
other than those of the State of California. The parties hereby consent to the exclusive
jurisdiction of the state and federal courts located within the County of Santa Clara, California
for the resolution of all disputes arising under this Agreement or otherwise related to the
employment of the Executive with the Company.

          (f) Severability. The invalidity or unenforceability of any provision or provisions
of this Agreement shall not affect the validity or enforceability of any other provision hereof,
which shall remain in full force and effect.

          (g) No Assignment. This Agreement and all rights and obligations of Executive
hereunder are personal to Executive and may not be transferred or assigned by Executive at any
time. The Company may assign its rights under this Agreement to any entity that assumes the
Company’s obligations hereunder in connection with any sale or transfer of all or a substantial
portion of the Company’s assets to such entity.

          (h) Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

[remainder of this page intentionally left blank]

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     IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year first above written.

	 	 	 	 	 
	 	 	EXECUTIVE
	 
	 	 	 	 
	 	 	 
	 	 	THOMAS J. MUISE
	 
	 	 	 	 
	 	 	KNOVA SOFTWARE, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Bruce Armstrong, CEO

SIGNATURE PAGE TO EMPLOYMENT AGREEMENT

 

 

EXHIBIT A

CURRENT BOARD MEMBERSHIPS

None.Exhibit 4.1

 

Exhibit 4.1

SECOND AMENDMENT

TO

THE NATIONAL CITY CREDIT CARD MASTER TRUST

POOLING AND SERVICING AGREEMENT

          THIS SECOND AMENDMENT TO THE NATIONAL CITY CREDIT CARD MASTER TRUST POOLING AND SERVICING
AGREEMENT, dated as of August 3, 2005 (this “Amendment”), is by and between NATIONAL CITY
BANK, a national banking association, as Seller and Servicer, and THE BANK OF NEW YORK (DELAWARE),
a Delaware banking corporation (“BNY DE”), as Trustee.

          WHEREAS, the Seller and Servicer and The Bank of New York, a New York banking corporation, as
trustee (in such capacity, the “Prior Trustee”) of the National City Credit Card Master
Trust (the “Trust”), have executed that certain Pooling and Servicing Agreement, dated as
of June 1, 1995, as amended and restated as of July 1, 2000 (as amended and supplemented through
the date hereof and as the same may be further amended, supplemented or otherwise modified and in
effect from time to time, the “Pooling and Servicing Agreement”);

          WHEREAS, the Seller and Servicer and the Prior Trustee have executed certain supplements to
the Pooling and Servicing Agreement that are outstanding on the date hereof as described on
Schedule 1 attached hereto (collectively, the “Series Supplements”);

          WHEREAS, the Seller and Servicer and the Prior Trustee have executed certain Assignments of
Receivables in Additional Accounts (collectively, the “Assignments”) and Reassignments of
Receivables in Removed Accounts (collectively, the “Reassignments” and, together with the
Assignments, the “Assignments and Reassignments”);

          WHEREAS, the Seller and Servicer, the Prior Trustee and BNY DE have executed an Agreement of
Resignation, Appointment and Acceptance of Trustee, dated as of August 3, 2005, pursuant to which
the Prior Trustee resigned and was discharged as trustee of the Trust, and BNY DE was appointed as
successor trustee of the Trust (in such capacity, the “Trustee”) and accepted such
appointment, thereby becoming fully vested with all rights, powers, duties and obligations of the
Prior Trustee; and

          WHEREAS, the Seller and Servicer and the Trustee wish to amend the Pooling and Servicing
Agreement, the Series Supplements and the Assignments and Reassignments as provided herein.

          NOW THEREFORE, in consideration of the premises and the agreements contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree to amend the provisions of the Pooling and Servicing Agreement, the Series
Supplements and the Assignments and Reassignments as follows:

 

 

          SECTION 1. Amendment to Section 2.01. Section 2.01 of the Pooling and Servicing
Agreement shall be and hereby is amended by adding the following paragraph at the end of such
Section:

     The Trust created by this Agreement is named “National City Credit Card Master Trust”
and is separate and distinct from the Seller, the Servicer, and each Certificateholder. It
is the intention of the parties hereto that the Trust constitute a common law trust under
the laws of the State of Delaware (as opposed to a trust created under Chapter 38 of Title
12 of the Delaware Code) and that this Agreement constitute the governing instrument of such
Trust. The Trust, and the Trustee on its behalf, shall engage only in Permitted Activities.

          SECTION 2. Amendment to Section 4.01. Section 4.01 of the Pooling and Servicing
Agreement shall be and hereby is amended by adding the following text after the first sentence of
such Section.

The interest represented by any Certificate shall constitute personal property, and no
Certificateholder shall have an interest in specific property of the Trust. No creditor of
any Certificateholder shall have any right to obtain possession of, or otherwise exercise
legal or equitable remedies with respect to, the property of the Trust, provided, however,
that this sentence shall not limit any rights expressly provided to the Certificateholders
pursuant to this Agreement or any Supplement hereto. None of the Seller, the Servicer, or
any Certificateholder shall have any liability for the expenses or liabilities of the Trust
except as specifically set forth in this Agreement.

     SECTION 3. Amendment to Section 12.01. Section 12.01 of the Pooling and Servicing
Agreement shall be and hereby is amended by adding the following text at the end of such Section:

The Trust shall not be terminated or revoked except in accordance with this Section
12.01. The dissolution, termination, bankruptcy, conservatorship, or receivership
of the Seller, the Servicer, or any Certificateholder shall not result in the
termination or dissolution of the Trust.

     SECTION 4. Amendment of Section 13.04. Section 13.04 of the Pooling and Servicing
Agreement shall be and hereby is amended by changing the caption of such Section to “Governing
Law; Submission to Jurisdiction; Agent for Service of Process” and deleting the text of such
Section in its entirety and inserting the following text in its place:

Governing Law; Submission to Jurisdiction; Agent for Service of Process. This
Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to principles of conflict of laws. The parties hereto declare that
it is their intention that this Agreement shall be regarded as made under the laws of the
State of Delaware and that the laws of said State shall be applied in interpreting its
provisions in all cases where legal interpretation shall be required. Each of the parties
hereto agrees (a) that this Agreement involves at least $100,000.00, and (b) that this
Agreement has been entered into by the parties hereto in express reliance upon 6 Del.
C.

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§ 2708. Each of the parties hereto hereby irrevocably and unconditionally agrees (a)
to
be subject to the jurisdiction of the courts of the State of Delaware and of the federal
courts sitting in the State of Delaware, and (b)(1) to the extent such party is not
otherwise subject to service of process in the State of Delaware, to appoint and maintain an
agent in the State of Delaware as such party’s agent for acceptance of legal process, and
(2) that, to the fullest extent permitted by applicable law, service of process may also be
made on such party by prepaid certified mail with a proof of mailing receipt validated by
the United States Postal Service constituting evidence of valid service, and that service
made pursuant to (b)(1) or (2) above shall, to the fullest extent permitted by applicable
law, have the same legal force and effect as if served upon such party personally within the
State of Delaware.

     SECTION 5. Addition of Section 13.17. The Pooling and Servicing Agreement is hereby
amended by adding the following Section 13.17 at the end of Article XIII of the Pooling and
Servicing Agreement:

     Section 13.17 Intention of Parties. For purposes of complying with the requirements
of the Asset-Backed Securities Facilitation Act of the State of Delaware, 6 Del. C. §
2701A, et seq. (the “Securitization Act”), each of the parties hereto
hereby agrees that:

     (a) Any property, assets or rights purported to be transferred, in whole or in part, by
the Seller pursuant to this Agreement (including each Assignment) shall be deemed to no
longer be the property, assets or rights of the Seller;

     (b) None of the Seller, its creditors or, in any insolvency proceeding with respect to
the Seller or the Seller’s property, a bankruptcy trustee, receiver, debtor, debtor in
possession or similar person, to the extent the issue is governed by Delaware law, shall
have any rights, legal or equitable, whatsoever to reacquire (except pursuant to a provision
of this Agreement), reclaim, recover, repudiate, disaffirm, redeem or recharacterize as
property of the Seller any property, assets or rights purported to be transferred, in whole
or in part, by the Seller pursuant to this Agreement (including each Assignment);

     (c) In the event of a bankruptcy, receivership or other insolvency proceeding with
respect to the Seller or the Seller’s property, to the extent the issue is governed by
Delaware law, such property, assets and rights shall not be deemed to be part of the
Seller’s property, assets, rights or estate; and

     (d) The transactions contemplated by this Agreement shall constitute a “securitization
transaction” as such term is used in the Securitization Act.

          SECTION 6. Amendment of Exhibit B. Exhibit B of the Pooling and Servicing Agreement
is hereby amended and restated in its entirety as set forth in Schedule 2 attached hereto.

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          SECTION 7. Amendment of Exhibit C. Exhibit C of the Pooling and Servicing Agreement
is hereby amended and restated in its entirety as set forth in Schedule 3 attached hereto.

          SECTION 8. Amendment to the Series Supplements. By executing this Amendment, the
parties hereto acknowledge and agree that this Amendment hereby amends the Series Supplements by
changing the caption of Section 9.03 of each of the Series Supplements to “Governing Law;
Submission to Jurisdiction; Agent for Service of Process” and deleting the text of Section 9.03
of each of the Series Supplements and inserting in its place the text of the amendment set forth in
Section 4 hereof; provided that, the term “Agreement” shall be deleted wherever it
appears in such amendments to Section 9.03 of the Series Supplements and “Supplement” shall be
inserted in its place.

          SECTION 9. Amendment to the Assignments.

          (a) By executing this Amendment, the parties hereto acknowledge and agree that this Amendment
hereby amends the Assignments by changing the caption of Section 8 of each of the Assignments to
“Governing Law; Submission to Jurisdiction; Agent for Service of Process” and deleting the
text of Section 8 of each of the Assignments and inserting in its place the text of the amendment
set forth in Section 4 hereof; provided that, the term “Agreement” shall be deleted
wherever it appears in such amendments to Section 8 of the Assignments and “Assignment” shall be
inserted in its place.

          (b) Section 2 of each of the Assignments shall be and hereby is amended by deleting the first
sentence thereof in its entirety, and inserting in its place the following:

     The Seller has delivered to the Trustee a computer file, microfiche list or
printed list containing a true and complete schedule identifying all Additional
Accounts designated hereby specifying for each such Account, as of the Addition
Cut-Off Date, its account number, the aggregate amount outstanding in such Account
and the aggregate amount of Principal Receivables outstanding in such Account, which
computer file, microfiche list or printed list shall be marked as Schedule 1 to this
Assignment, shall be incorporated into and made a part of this Assignment and the
Agreement, and shall supplement Schedule 1 to the Agreement.

          SECTION 10. Amendment to the Reassignments.

          (a) By executing this Amendment, the parties hereto acknowledge and agree that this Amendment
hereby amends the Reassignments by changing the caption of Section 7 of each of the Reassignments
to “Governing Law; Submission to Jurisdiction; Agent for Service of Process” and deleting
the text of Section 7 of each of the Reassignments and inserting in its place the text of the
amendment set forth in Section 4 hereof; provided that, the term “Agreement” shall
be deleted wherever it appears in such amendments to Section 7 of the Reassignments and
“Reassignment” shall be inserted in its place.

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          (b) Section 2 of each of the Reassignments shall be and hereby is amended by deleting the
first sentence thereof in its entirety, and inserting in its place the following:

     The Removal Seller has delivered to the Trustee a computer file, microfiche
list or printed list containing a true and complete schedule identifying all
Accounts the Receivables of which are being removed from the Trust,
specifying for each such Account, as of the Removal Notice Date, its account
number, the aggregate amount outstanding in such Account and the aggregate amount of
Principal Receivables in such Account, which computer file, microfiche list or
printed list shall be marked as Schedule 1 to this Reassignment, shall be
incorporated into and made a part of this Reassignment and the Agreement, and shall
supplement Schedule 1 to the Agreement.

          SECTION 11. Continuation. Each of the parties hereto hereby agrees that, from and
after the effective date of this Amendment, the Trust heretofore created under the laws of the
State of New York shall continue as a common law trust under and pursuant to the provisions of the
Pooling and Servicing Agreement, as amended by this Amendment, and the laws of the State of
Delaware.

          SECTION 12. Effectiveness. The amendments provided for by this Amendment shall become
effective upon receipt by the Trustee of the following:

          (a) Notification in writing from each Rating Agency to the effect that the terms of this
Amendment will not result in a reduction or withdrawal of the rating of any outstanding Series or
Class of Investor Certificates for which it is a Rating Agency.

          (b) An Officer’s Certificate from the Seller delivered to the Trustee to the effect that the
terms of this Amendment will not adversely affect in any material respect the interests of any
Investor Certificateholder, and Opinions of Counsel as provided under Sections 13.01 and 13.02 of
the Pooling and Servicing Agreement.

          (c) Counterparts of this Amendment, duly executed by the parties hereto.

          SECTION 13. Pooling and Servicing Agreement, Series Supplements and Assignments and
Reassignments in Full Force and Effect as Amended. Except as specifically amended or waived
hereby, all of the terms and conditions of the Pooling and Servicing Agreement, the Series
Supplements and the Assignments and Reassignments shall remain in full force and effect. All
references to the Pooling and Servicing Agreement, the Series Supplements and the Assignments and
Reassignments in any other document or instrument shall be deemed to mean such Pooling and
Servicing Agreement, Series Supplement and Assignment and Reassignment as amended by this
Amendment. This Amendment shall not constitute a novation of the Pooling and Servicing Agreement,
the Series Supplements or the Assignments and Reassignments, but shall constitute an amendment
thereof. The parties hereto agree to be bound by the terms and obligations of the Pooling and
Servicing Agreement, the Series Supplements and the Assignments and Reassignments, as amended by
this Amendment, as though the terms and obligations of the Pooling and Servicing Agreement, the
Series Supplements and the Assignments and Reassignments were set forth herein.

5

 

          SECTION 14. Counterparts. This Amendment may be executed in any number of
counterparts and by separate parties hereto on separate counterparts, each of which when executed
shall be deemed an original, but all such counterparts taken together shall constitute one and the
same instrument.

          SECTION 15. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.

          SECTION 16. Defined Terms and Section References. Capitalized terms used herein and
not otherwise defined shall have the meanings assigned to such terms in the Pooling and Servicing
Agreement. All Section or subsection references herein shall mean Sections or subsections of the
Pooling and Servicing Agreement, except as otherwise provided herein.

6

 

     IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have caused this Amendment to be
duly executed by their respective officers as of the day and year first above written.

	 	 	 	 	 
	 	NATIONAL CITY BANK,

  as Seller and Servicer

 	 
	 	By:  	/s/ Russell A,. Cronin, Jr.
 	 
	 	 	Name:  	Russell A. Cronin, Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	THE BANK OF NEW YORK (DELAWARE),

  not in its individual capacity but solely as

  Trustee

 	 
	 	By:  	/s/ Kristine K. Gullo
 	 
	 	 	Name:  	Kristine K. Gullo 	 
	 	 	Title:  	Vice President 	 

7

 

	 	 	 	 	 

SCHEDULE 1

List of Outstanding Series Supplements

Series 2000-1 Supplement dated as of August 24, 2000

Series 2001-1 Supplement dated as of January 31, 2001

Series 2002-1 Supplement dated as of January 31, 2002

 

 

SCHEDULE 2

EXHIBIT B

FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS

(As required by Section 2.08 of the Pooling

and Servicing Agreement)

          This ASSIGNMENT No. [___] OF RECEIVABLES IN ADDITIONAL ACCOUNTS (the “Assignment”),
dated as of [___],1 is executed by and among NATIONAL CITY BANK, as Seller and
Servicer (the “Seller” and “Servicer”) THE BANK OF NEW YORK (DELAWARE), a banking
corporation organized and existing under the laws of the State of Delaware (in such capacity, the
“Trustee”), pursuant to the Amended and Restated Pooling and Servicing Agreement referred
to below.

     WHEREAS, the Seller, the Servicer and the Trustee are parties to the Pooling and Servicing
Agreement, dated as of June 1, 1995, as amended and restated as of July 1, 2000 (as may be amended
and supplemented from time to time, the “Agreement”);

     WHEREAS, pursuant to the Agreement, the Seller wishes to designate Additional Accounts owned
by the Seller to be included as Accounts and to convey the Receivables of such Additional Accounts,
whether now existing or hereafter created, to the Trustee as part of the corpus of the Trust (as
each such term is defined in the Agreement); and

     WHEREAS, the Trustee is willing to accept such designation and conveyance subject to the terms
and conditions hereof.

     NOW, THEREFORE, the Seller, the Servicer and the Trustee hereby agree as follows:

     1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed
to them in the Agreement unless otherwise defined herein.

     “Addition Date” shall mean, with respect to the Additional Accounts designated hereby,
[___, ___].

     “Addition Cut-Off Date” shall mean, with respect to the Additional Accounts designated
hereby, [___, ___].

     2. Designation of Additional Accounts. On or before the Document Delivery Date, the
Seller will deliver to the Trustee a computer file, microfiche list or printed list containing a
true and complete schedule identifying all Additional Accounts designated hereby specifying for
each such Account, as of the Addition Cut-Off Date, its account number, the aggregate amount
outstanding in such Account and the aggregate amount of Principal Receivables outstanding in

 

			
	1	 	To be dated as of the applicable Addition Date.

 

 

such Account, which computer file, microfiche list or printed list shall be marked as Schedule
1 to this Assignment, shall be incorporated into and made a part of this Assignment and the
Agreement, and shall supplement Schedule 1 to the Agreement.

     3. Conveyance of Receivables. (a) The Seller does hereby sell, transfer, assign, set
over and otherwise convey to the Trustee, on behalf of the Trust, for the benefit of the
Certificateholders, all its right, title and interest in, to and under the Receivables of the
Additional Accounts designated hereby existing at the close of business on the Addition Date and
thereafter created from time to time until the termination of the Trust, all monies due or to
become due and all amounts received with respect thereto and all proceeds (including “proceeds” as
defined in the UCC) thereof. The foregoing does not constitute and is not intended to result in
the creation or assumption by the Trust, the Trustee, any Investor Certificateholder or any Series
Enhancer of any obligation of the Servicer, the Seller or any other Person in connection with the
Accounts, the Receivables or under any agreement or instrument relating thereto, including any
obligation to Obligors, merchant banks, merchants clearance systems, VISA, MasterCard or insurers.

          (a) The Seller agrees to record and file, at its own expense, financing statements (and
continuation statements when applicable) with respect to the Receivables now existing in the
Additional Accounts designated hereby, meeting the requirements of applicable state law in such
manner and in such jurisdictions as are necessary to perfect, and maintain perfection of, the sale
and assignment of such Receivables to the Trustee, and to deliver a file-stamped copy of each such
financing statement or other evidence of such filing to the Trustee on or prior to the Addition
Date. The Trustee shall be under no obligation whatsoever to file such financing or continuation
statements or to make any other filing under the UCC in connection with such sale and assignment.

          (b) In connection with such sale, the Seller further agrees, at its own expense, on or prior
to the date of this Assignment, to indicate in the appropriate computer files that Receivables
created in connection with the Additional Accounts and designated hereby have been conveyed to the
Trustee pursuant to the Agreement and this Assignment for the benefit of the Certificateholders.

          (c) The Seller does hereby grant to the Trustee a security interest in all of its right, title
and interest in and to the Receivables now existing and hereafter created in the Additional
Accounts designated hereby, all monies due or to become due and all amounts received with respect
thereto and all “proceeds” (including “proceeds” as defined in the UCC) thereof. This Assignment
constitutes a security agreement under the UCC.

     4. Acceptance by Trustee. The Trustee hereby acknowledges its acceptance, on behalf
of the Trust, of all right, title and interest to the property, now existing and hereafter created,
conveyed to the Trustee pursuant to Sections 3(a) and 3(d) of this Assignment, and declares that it
shall maintain such right, title and interest, upon the trust set forth in the Agreement for the
benefit of all Certificateholders. The Trustee further acknowledges that, prior to or
simultaneously with the execution and delivery of this Assignment, the Seller delivered to the
Trustee the computer file, microfiche list or printed list described in Section 2 of this
Assignment.

 

 

     5. Representations and Warranties of the Seller. The Seller hereby represents and
warrants to the Trustee, on behalf of the Trust, as of the date of this Assignment and as of the
Addition Date that:

          (a) Legal Valid and Binding Obligation. This Assignment constitutes a legal, valid
and binding obligation of the Seller, enforceable against the Seller in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’
rights in general and the rights of creditors of national banking associations and except as such
enforceability may be limited by general principles of equity (whether considered in a suit at law
or in equity);

          (b) Eligibility of Accounts. Each Additional Account designated hereby is an Eligible
Account;

          (c) Insolvency. As of each of the Addition Cut-Off Date and the Addition Date, no
Insolvency Event with respect to the Seller has occurred and the transfer by the Seller of
Receivables arising in the Additional Accounts to the Trustee has not been made in contemplation of
the occurrence thereof;

          (d) Pay Out Event. The Seller reasonably believes that (i) the addition of the
Receivables arising in the Additional Accounts will not, based on the facts known to the Seller,
then or thereafter cause a Pay Out Event to occur with respect to any Series and (ii) no selection
procedure was utilized by the Seller which would result in the selection of Additional Accounts
(from among the available Eligible Accounts owned by the Seller) that would be materially adverse
to the interests of the Investor Certificateholders of any Series as of the Addition Date;

          (e) Security Interest. This Assignment constitutes a valid sale, transfer and
assignment to the Trustee of all right, title and interest of the Seller in the Receivables now
existing or hereafter created in the Additional Accounts designated hereby, all monies due or to
become due and all amounts received with respect thereto and the “proceeds” (including “proceeds”
as defined in the UCC as in effect in the States of New York, Delaware and [other applicable
states]) thereof, or, if this Assignment does not constitute a sale of such property, it
constitutes a grant of a “security interest” (as defined in the UCC as in effect in the States of
New York, Delaware and [other applicable states]) in such property to the Trustee, which, in the
case of existing Receivables and the proceeds thereof, is enforceable upon execution and delivery
of this Assignment, and which will be enforceable with respect to such Receivables hereafter
created and the proceeds thereof upon such creation. Upon the filing of the financing statements
described in Section 3 of this Assignment and, in the case of the Receivables hereafter created and
the proceeds thereof, upon the creation thereof, the Trustee shall have a first priority perfected
security or ownership interest in such property; provided, however, that such security interest in
proceeds shall remain perfected after twenty days from their receipt by the Seller only to the
extent that such proceeds are identifiable cash proceeds (subject to Section 9-315 of the UCC);

          (f) No Conflict. The execution and delivery by the Seller of this Assignment, the
performance of the transactions contemplated by this Assignment and the fulfillment of the

 

 

terms hereof applicable to the Seller, will not conflict with or violate any Requirements of
Law applicable to the Seller or conflict with, result in any breach of any of the material terms
and provisions of, or constitute (with or without notice or lapse of time or both) a material
default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to
which the Seller is a party or by which it or its properties are bound;

          (g) No Proceedings. There are no proceedings or investigations, pending or, to the
best knowledge of the Seller, threatened against the Seller before any court, regulatory body,
administrative agency or other tribunal or governmental instrumentality (i) asserting the
invalidity of this Assignment, (ii) seeking to prevent the consummation of any of the transactions
contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable
judgment of the Seller, would materially and adversely affect the performance by the Seller of its
obligations under this Assignment, (iv) seeking any determination or ruling that would materially
and adversely affect the validity or enforceability of this Assignment or (v) seeking to affect
adversely the income tax attributes of the Trust under the federal, or applicable state income or
franchise tax laws; and

          (h) All Consents. All authorizations, consents, orders or approvals or other actions
of any Person or of any court or other governmental authority required to be obtained by the Seller
in connection with the execution and delivery of this Assignment by the Seller and the performance
of the transactions contemplated by this Assignment by the Seller, have been obtained except where
the failure to obtain such authorizations, consents, orders or approvals would not have a material
adverse effect on the Investor Certificateholders.

     6. Ratification of Agreement. As supplemented by this Assignment, the Agreement is in
all respects ratified and confirmed and the Agreement as so supplemented by this Assignment shall
be read, taken and construed as one and the same instrument.

     7. Counterparts. This Assignment may be executed in two or more counterparts, and by
different parties on separate counterparts, each of which shall be an original, but all of which
shall constitute one and the same instrument.

     8. Governing Law; Submission to Jurisdiction; Agent for Service of Process. This
Assignment shall be governed by and construed in accordance with the laws of the State of Delaware,
without regard to principles of conflict of laws. The parties hereto declare that it is their
intention that this Assignment shall be regarded as made under the laws of the State of Delaware
and that the laws of said State shall be applied in interpreting its provisions in all cases where
legal interpretation shall be required. Each of the parties hereto agrees (a) that this Assignment
involves at least $100,000.00, and (b) that this Assignment has been entered into by the parties
hereto in express reliance upon 6 Del. C. § 2708. Each of the parties hereto hereby
irrevocably and unconditionally agrees (a) to be subject to the jurisdiction of the courts of the
State of Delaware and of the federal courts sitting in the State of Delaware, and (b)(1) to the
extent such party is not otherwise subject to service of process in the State of Delaware, to
appoint and maintain an agent in the State of Delaware as such party’s agent for acceptance of
legal process, and (2) that, to the fullest extent permitted by applicable law, service of process
may also be made on such party by prepaid certified mail with a proof of mailing receipt validated
by the United States Postal Service constituting evidence of valid service, and that

 

 

service made pursuant to (b)(1) or (2) above shall, to the fullest extent permitted by
applicable law, have the same legal force and effect as if served upon such party personally within
the State of Delaware.

     IN WITNESS WHEREOF, the Seller, the Servicer and the Trustee have caused this Assignment to be
duly executed by their respective officers as of the day and year first above written.

	 	 	 	 	 
	 	NATIONAL CITY BANK, as 

  Seller and Servicer

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	THE BANK OF NEW YORK (DELAWARE), as 

  Trustee

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SCHEDULE 3

EXHIBIT C

FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS

(As required by Section 2.09 of the Pooling

and Servicing Agreement)

          This REASSIGNMENT No. [___] OF RECEIVABLES (the “Reassignment”), dated as of
[___],2 is executed by and among National City Bank, as Seller (the “Removal
Seller” and as “Servicer”) and THE BANK OF NEW YORK (DELAWARE), a banking corporation
organized and existing under the laws of the State of Delaware (the “Trustee”), pursuant to
the Pooling and Servicing Agreement referred to below.

     WHEREAS, the Removal Seller, the Servicer and the Trustee are parties to the Pooling and
Servicing Agreement, dated as of June 1, 1995, as amended and restated as of July 1, 2000 (as may
be amended and supplemented from time to time, the “Agreement”);

     WHEREAS, pursuant to the Agreement, the Removal Seller wishes to remove from the Trust all
Receivables in certain designated Accounts owned by the Removal Seller (the “Removed
Accounts”) and to cause the Trustee to reconvey the Receivables of such Removed Accounts,
whether now existing or hereafter created, from the Trustee to the Removal Seller; and

     WHEREAS, the Trustee is willing to accept such designation and to reconvey the Receivables in
the Removed Accounts subject to the terms and conditions hereof;

     NOW, THEREFORE, the Seller, the Servicer and the Trustee hereby agree as follows:

     1. Defined Terms. All terms defined in the Agreement and used herein shall have such
defined meanings when used herein, unless otherwise defined herein.

     “Removal Date” shall mean, with respect to the Removed Accounts designated hereby,
[___], [___].

     “Removal Notice Date” shall mean, with respect to the Removed Accounts, [___],
[___].

     2. Designation of Removed Accounts. On or before the date that is 10 Business Days
after the Removal Date, the Removal Seller will deliver to the Trustee a computer file, microfiche
list or printed list containing a true and complete schedule identifying all Accounts the
Receivables of which are being removed from the Trust, specifying for each such Account, as of the
Removal Notice Date, its account number, the aggregate amount outstanding in such Account and the
aggregate amount of Principal Receivables in such Account, which computer

 

			
	2	 	To be dated as of the Removal Date.

 

 

file, microfiche list or printed list shall be marked as Schedule 1 to this Reassignment,
shall be incorporated into and made a part of this Reassignment and the Agreement, and shall
supplement Schedule 1 to the Agreement.

     3. Conveyance of Receivables. (a) The Trustee does hereby transfer, assign, set over
and otherwise convey to the Removal Seller, without recourse, on and after the Removal Date, all
right, title and interest of the Trustee in, to and under the Receivables existing at the close of
business on the Removal Date and thereafter created from time to time in the Removed Accounts
designated hereby, all monies due or to become due and all amounts received with respect thereto
and all proceeds thereof.

          (a) In connection with such transfer, the Trustee agrees to execute and deliver to the Removal
Seller on or prior to the date this Reassignment is delivered, applicable UCC termination
statements with respect to the Receivables existing at the close of business on the Removal Date
and thereafter created from time to time in the Removed Accounts reassigned hereby and the proceeds
thereof, evidencing the release by the Trustee of its interest in the Receivables in the Removed
Accounts, and meeting the requirements of applicable state law, in such manner and such
jurisdictions as are necessary to terminate such interest.

     4. Representations and Warranties of the Removal Seller. The Removal Seller hereby
severally represents and warrants to the Trustee, on behalf of the Trust, as of the Removal Date:

          (a) Legal Valid and Binding Obligation. This Reassignment constitutes a legal, valid
and binding obligation of the Removal Seller, enforceable against the Removal Seller, in accordance
with its terms, except as such enforceability may be limited by applicable insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect affecting the
enforcement of creditors’ rights in general and the rights of creditors of national banking
associations and except as such enforceability may be limited by general principles of equity
(whether considered in a suit at law or in equity);

          (b) Pay Out Event. The Removal Seller reasonably believes that (i) the removal of the
Receivables existing in the Removed Accounts will not, based on the facts known to the Removal
Seller, then or thereafter cause a Pay Out Event to occur with respect to any Series and (ii) no
selection procedure was utilized by the Removal Seller which would result in a selection of Removed
Accounts that would be materially adverse to the interests of the Investor Certificateholders of
any Series as of the Removal Date; and

          (c) List of Removed Accounts. The list of Removed Accounts delivered pursuant to
Section 2.09(c) of the Agreement, as of the Removal Date, is true and complete in all material
respects.

     5. Ratification of Agreement. As supplemented by this Reassignment, the Agreement is
in all aspects ratified and confirmed and the Agreement as so supplemented by this Reassignment
shall be read, taken and construed as one and the same instrument.

     6. Counterparts. This Reassignment may be executed in two or more counterparts, and
by different parties on separate counterparts, each of which shall be an original, but all of

 

 

which shall constitute one and the same instrument.

     7. Governing Law; Submission to Jurisdiction; Agent for Service of Process. This
Reassignment shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to principles of conflict of laws. The parties hereto declare that it is
their intention that this Reassignment shall be regarded as made under the laws of the State of
Delaware and that the laws of said State shall be applied in interpreting its provisions in all
cases where legal interpretation shall be required. Each of the parties hereto agrees (a) that
this Reassignment involves at least $100,000.00, and (b) that this Reassignment has been entered
into by the parties hereto in express reliance upon 6 Del. C. § 2708. Each of the parties
hereto hereby irrevocably and unconditionally agrees (a) to be subject to the jurisdiction of the
courts of the State of Delaware and of the federal courts sitting in the State of Delaware, and
(b)(1) to the extent such party is not otherwise subject to service of process in the State of
Delaware, to appoint and maintain an agent in the State of Delaware as such party’s agent for
acceptance of legal process, and (2) that, to the fullest extent permitted by applicable law,
service of process may also be made on such party by prepaid certified mail with a proof of mailing
receipt validated by the United States Postal Service constituting evidence of valid service, and
that service made pursuant to (b)(1) or (2) above shall, to the fullest extent permitted by
applicable law, have the same legal force and effect as if served upon such party personally within
the State of Delaware.

     IN WITNESS WHEREOF, the Removal Seller, the Servicer and the Trustee have caused this
Reassignment to be duly executed by their respective officers as of the day and year first above
written.

	 	 	 	 	 
	 	NATIONAL CITY BANK, as 

  Removal Seller and Servicer

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	THE BANK OF NEW YORK (DELAWARE), as 

  Trustee

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:

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