Document:

Exhibit 4.1

    Exhibit
      4.1

    
 

    SUPPLEMENTAL
      INDENTURE NO. 1

    

    THIS
      SUPPLEMENTAL INDENTURE NO. 1,
      dated
      as of November 10, 2006 (the “Supplemental
      Indenture No. 1”),
      between CIGNA
      CORPORATION,
      a
corporation
      duly organized and existing under the laws of the State of Delaware (the
“Company”),
      and
U.S.
      BANK NATIONAL ASSOCIATION,
      a
      national banking association duly organized and existing under the laws of
      the
      United States of America, as trustee (the “Trustee”). 

    

    RECITALS:

    

    WHEREAS,
      the Company and the Trustee are parties to a Senior Indenture, dated as of
      August 16, 2006 (the “Base
      Indenture”
and
      as
      amended by this Supplemental Indenture No. 1, the “Indenture”),
      relating to the issuance from time to time by the Company of its Securities
      on
      terms to be specified at the time of issuance;

    

    WHEREAS,
      Section 901(7) of the Base Indenture provides that the Company may enter into
      a
      supplemental indenture to establish the terms and provisions of a series of
      Securities issued pursuant to the Indenture;

    

    WHEREAS,
      the Company desires to issue a series of Securities, and has duly authorized
      the
      creation and issuance of such Securities and the execution and delivery of
      this
      Supplemental Indenture No. 1 to modify the Base Indenture and provide certain
      additional provisions as hereinafter described;

    

    WHEREAS,
      the parties hereto deem it advisable to enter into this Supplemental Indenture
      No. 1 for the purpose of establishing the terms of such Securities, providing
      for the rights, obligations and duties of the Trustee with respect to such
      Securities and amending certain provisions of the Base Indenture;
      and

    

    WHEREAS,
      all conditions and requirements of the Base Indenture necessary to make this
      Supplemental Indenture No. 1 a valid, binding and legal instrument in accordance
      with its terms have been performed and fulfilled by the parties
      hereto.

    

    NOW,
      THEREFORE, for and in consideration of the premises and other good and valuable
      consideration, receipt of which is hereby acknowledged by the parties hereto,
      the parties hereto agree as follows:

    

    ARTICLE
      I

    THE
      SENIOR NOTES

    

    Section
      1.01  Title
      of Securities.
      There
      shall be a series of Securities designated the “6.150% Senior Notes due 2036” of
      the Company (the “Senior
      Notes”).

     

    Section
      1.02  Limitation
      of Aggregate Principal Amount.
      The
      aggregate principal amount of the Senior Notes shall initially be limited to
      $250,000,000 (except for Securities

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    authenticated
      and delivered upon registration of transfer of, or in exchange for, or in lieu
      of, Senior Notes pursuant to Sections 304, 305, 306, 906 or 1107 of the
      Indenture and except for any Securities which, pursuant to Section 303 of the
      Indenture, are deemed never to have been authenticated and delivered
      thereunder). The Company may, without the consent of the Holders of the Senior
      Notes, issue additional Senior Notes having the same interest rate, maturity
      date, CUSIP number and other terms (other than issue date and issue price)
      (“Additional
      Senior Notes”).
      Any
      Additional Senior Notes, together with the Senior Notes, will constitute a
      single series of Securities under the Indenture. No Additional Senior Notes
      may
      be issued if an Event of Default under the Indenture has occurred and is
      continuing with respect to the Senior Notes.

     

    Section
      1.03  Principal
      Payment Date.
      The
      principal amount of the Senior Notes outstanding (together with any accrued
      and
      unpaid interest) shall be payable in a single installment on November 15, 2036,
      which date shall be the Stated Maturity of the Senior Notes.

     

    Section
      1.04  Interest
      and Interest Rates.
      The rate
      of interest on each Senior Note shall be 6.150% per annum, accruing from
      November 10, 2006, or from the most recent Interest Payment Date to which
      interest has been paid or duly provided for, payable semiannually in arrears
      on
      May 15 and November 15 of each year commencing May 15, 2007 until the principal
      thereof is paid or made available for payment. The amount of interest payable
      on
      any Interest Payment Date shall be computed on the basis of a 360-day year
      of
      twelve 30-day months. The amount of interest payable for any period shorter
      than
      a full monthly period shall be computed on the basis of the actual number of
      calendar days elapsed in such a period. In the event that any Interest Payment
      Date, Redemption Date, Maturity or Stated Maturity of any Senior Note is not
      a
      Business Day, then payment of interest or principal (and premium, if any)
      payable on such date will be made on the next succeeding day that is a Business
      Day (and without any interest or other payment in respect of any such delay).
      The interest so payable in respect of any Senior Note, and punctually paid
      or
      duly provided for, on any Interest Payment Date will be paid to the Person
      in
      whose name such Senior Note (or one or more Predecessor Securities) is
      registered at the close of business on the fifteenth calendar day (whether
      or
      not a Business Day) prior to such Interest Payment Date (the “Regular
      Record Date”).
      Any
      such interest not punctually paid or duly provided for in respect of any Senior
      Note shall forthwith cease to be payable to the registered Holder on such
      Regular Record Date and may either be paid to the Person in whose name such
      Senior Note (or one or more Predecessor Securities) is registered at the close
      of business on a Special Record Date to be fixed by the Trustee for the payment
      of such Defaulted Interest, notice whereof shall be given to the Holders of
      the
      Senior Notes not less than 10 calendar days prior to such Special Record Date,
      or be paid at any time in any other lawful manner not inconsistent with the
      requirements of any securities exchange on which the Senior Notes may be listed,
      and upon such notice as may be required by such exchange.

     

    Section
      1.05  Place
      of Payment.
      The
      place where the Senior Notes may be presented or surrendered for payment, where
      the Senior Notes may be surrendered for registration of transfer or exchange
      and
      where notices and demand to or upon the Company in respect of the Senior Notes
      and the Indenture may be served shall be the Corporate Trust Office of the
      Trustee or the Paying Agent’s office maintained for that purpose in the Borough
      of Manhattan, City of New York.

     

     

    
      
        
        

      

      
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    Section
      1.06  Optional
      Redemption. 

     

    (a)  The
      Company may redeem the Senior Notes, at any time, and from time to time, in
      whole or in part, at
      a
      redemption price equal to the greater of (i) 100% of the principal amount of
      such Senior Notes to be redeemed and (ii) the sum of the present values of
      the
      remaining scheduled payments of principal and interest (excluding interest
      accrued to the Redemption Date) on the Senior Notes to be redeemed from the
      Redemption Date to the Stated Maturity date discounted to the Redemption Date
      on
      a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months)
      at the Treasury Rate, plus 25 basis points, plus, in each case, accrued and
      unpaid interest on the Senior Notes to the Redemption Date (the “Redemption
      Price”).
      Unless the Company defaults in payment of the Redemption Price, interest will
      cease to accrue on the Senior Notes called for redemption on and after the
      Redemption Date.

     

    (b)  The
      Treasury Rate shall be calculated on the third Business Day preceding the
      Redemption Date.

     

    (c)  Notice
      of
      redemption shall be given in accordance with Section 1104 of the Indenture.
      If
      less than all of the Senior Notes then Outstanding are to be redeemed, the
      Trustee will select the particular Senior Notes or portions thereof in
      accordance with Section 1103 of the Indenture.

     

    (d)  For
      the
      purposes of this Section 1.06 of Supplemental Indenture No. 1, the terms below
      are defined as follows:

     

    “Comparable
      Treasury Issue”
means
      the United States Treasury Security selected by an Independent Investment Banker
      as having a maturity comparable to the remaining term of the Senior Notes to
      be
      redeemed that would be utilized, at the time of selection and in accordance
      with
      customary financial practice, in pricing new issues of corporate debt securities
      of comparable maturity to the remaining term of the Senior Notes to be
      redeemed.

    

    “Comparable
      Treasury Price”
means,
      with respect to any Redemption Date for any Senior Notes, the average of all
      Reference Treasury Dealer Quotations obtained.

    

    “Independent
      Investment Banker”
means
      one of the Reference Treasury Dealers appointed by the Trustee after
      consultation with the Company.

    

    “Primary
      Treasury Dealer”
means
      a
      primary U.S. Government securities dealer in New York City.

    

    “Reference
      Treasury Dealer”
means
      Barclays Capital Inc. and its successors and J.P. Morgan Securities Inc. and
      its
      successors; provided, however, that if any Reference Treasury Dealer ceases
      to
      be a Primary Treasury Dealer, the Company will substitute therefor another
      Primary Treasury Dealer.

    

    “Reference
      Treasury Dealer Quotations”
means,
      with respect to each Reference Treasury Dealer and any Redemption Date, the
      average, as determined by the Trustee, of the bid and asked 

     

     

    
      
        
        

      

      
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    prices
      for the Comparable Treasury Issue (expressed in each case as a percentage of
      its
      principal amount) quoted in writing to the Trustee by that Reference Treasury
      Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding
      such Redemption Date.

    

    “Treasury
      Rate”
means,
      with respect to any Redemption Date, (1) the yield, under the heading which
      represents the average for the immediately preceding week, appearing in the
      most
      recently published statistical release designated “H.15(519)” or any successor
      publication which is published weekly by the Board of Governors of the Federal
      Reserve System and which establishes yields on actively traded United States
      Treasury securities adjusted to constant maturity under the caption “Treasury
      Constant Maturities,” for the maturity corresponding to the Comparable Treasury
      Issue (if no maturity is within three months before or after the maturity date
      for the Senior Notes, yields for the two published maturities most closely
      corresponding to the Comparable Treasury Issue will be determined and the
      Treasury Rate shall be interpolated or extrapolated from such yields on a
      straight line basis, rounding to the nearest month) or (2) if such release
      (or
      any successor release) is not published during the week preceding the
      calculation date or does not contain such yields, the rate per annum equal
      to
      the semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue,
      calculated using a price for the Comparable Treasury Issue (expressed as a
      percentage of its principal amount) equal to the Comparable Treasury Price
      for
      such Redemption Date.

     

    Section
      1.07  Sinking
      Fund Obligations.
      The
      Company has no obligation to redeem or purchase any Senior Notes pursuant to
      any
      sinking fund or analogous requirement or upon the happening of a specified
      event
      or at the option of a Holder thereof. 

     

    Section
      1.08  Denomination.
      The
      Senior Notes shall be issuable only in registered form without coupons and
      in
      denominations of $2,000 and multiples of $1,000 in excess thereof.

     

    Section
      1.09  Currency.
      Principal and interest on the Senior Notes shall be payable in such coin or
      currency of the United States of America that at the time of payment is legal
      tender for payment of public and private debts.

     

    Section
      1.10  Senior
      Notes to be Issued in Global Form.
      The
      Senior Notes will be permanently represented by one or more securities in global
      form (the “Global
      Note”).
      The
      Company hereby designates The Depository Trust Company as the initial Depositary
      for the Global Note. 

     

    Section
      1.11  Form
      of Senior Notes.
      The
      Senior Notes shall be substantially in the form attached as Annex
      A
      hereto.

     

    Section
      1.12  Security
      Registrar and Paying Agent for the Senior Notes.
      The
      Trustee shall serve initially as the Security Registrar and the Paying
      Agent.

     

     

    Section
      1.13  Defeasance.
      The
      provisions of Section 1006 of the Indenture shall apply to the Senior
      Notes.

     

     

    
      
        
        

      

      
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    ARTICLE
      II

    MISCELLANEOUS

    

    Section
      2.01  Integral
      Part; Effect of Supplement on Indenture.
      This
      Supplemental Indenture No. 1 constitutes an integral part of the Indenture.
      Except for the amendments and supplements made by this Supplemental Indenture
      No. 1, the Base Indenture shall remain in full force and effect as
      executed.

     

    Section
      2.02  General
      Definitions.
      For
      purposes of this Supplemental Indenture No. 1:

     

    (a)  Capitalized
      terms used herein without definition shall have the meanings specified in the
      Base Indenture;

     

    (b)  All
      references to Articles and Sections, unless otherwise specified, refer to the
      corresponding Articles and Sections of the Base Indenture; and

     

    (c)  The
      terms
“herein,” “hereof,” “hereunder” and other words of similar import refer to this
      Supplemental Indenture No. 1.

     

    Section
      2.03  Adoption,
      Ratification and Confirmation.
      The
      Indenture, as supplemented by this Supplemental Indenture No. 1, is in all
      respects hereby adopted, ratified and confirmed.

     

    Section
      2.04  Trustee
      Not Responsible for Recitals.
      The
      recitals in this Supplemental Indenture No. 1 are made by the Company, and
      the
      Trustee assumes no responsibility for the correctness of such recitals. The
      Trustee makes no representations as to the validity or sufficiency of this
      Supplemental Indenture No. 1. 

     

    Section
      2.05  Counterparts.
      This
      Supplemental Indenture No. 1 may be executed in multiple counterparts, each
      of
      which shall be regarded for all purposes as an original and all of which shall
      constitute but one and the same instrument.

     

    Section
      2.06  Governing
      Law.
      This
      Supplemental Indenture No. 1 and the Senior Notes shall be governed by and
      construed in accordance with the laws of the State of New York applicable to
      agreements made or instruments entered into, in each case, performed in said
      state.

    

     

    [signature
      page follows]

    

    

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      the
      Company and the Trustee have executed this Supplemental Indenture No. 1 as
      of
      the date first above written.

    

    

    CIGNA
      CORPORATION

     

    
      	 	
              By:

            	
              /s/
                Mordecai Schwartz

            

    

    Name:
      Mordecai Schwartz

    Title:
      Senior Vice President and Treasurer

    

    

    

    U.S.
      BANK
      NATIONAL ASSOCIATION

     

    
      	 	
              By:

            	
              /s/
                Paul J. Schmalzel

            

    

    Name:
      Paul J. Schmalzel

    Title:
      Vice President

    

    

    
      
        
        

      

      
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    ANNEX
      A

    FORM
      OF
      GLOBAL NOTE

    

    

    UNLESS
      THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
      TRUST COMPANY, TO THE COMPANY 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 IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE
      TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), 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. 

    

    THIS
      SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE AND IS
      REGISTERED IN THE NAME OF CEDE & CO. THIS SECURITY MAY NOT BE EXCHANGED IN
      WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFERS OF THIS GLOBAL
      SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
      THAN NOMINEES OF CEDE & CO. OR A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
      NOMINEE. 

    

    CIGNA
      CORPORATION

    6.150%
      Senior Note Due 2036

    

    

    CUSIP:
      125509BH1

     

    
      	
              No.
                11/07/2006-01 

            	
               

            	
               

            	
               

            	
              Principal
                Amount $250,000,000

            

    

    

    

    CIGNA
      CORPORATION, a Delaware corporation (herein called the “Company”), which term
      includes any successor Person under the Indenture hereinafter referred to,
      for
      value received, hereby promises to pay to CEDE & CO., or its registered
      assigns, the principal sum of Two Hundred Fifty Million Dollars ($250,000,000)
      upon presentation and surrender of this Security on November 15, 2036 and to
      pay
      interest thereon accruing from November 10, 2006 or from the most recent
      Interest Payment Date to which interest has been paid or duly provided for,
      semi-annually in arrears on May 15 and November 15 of each year, commencing
      May
      15, 2007, at the rate of 6.150% per annum, until the principal hereof is paid
      or
      made available for payment. The interest so payable, and punctually paid or
      duly
      provided for, on any Interest Payment Date will, as provided in such Indenture,
      be paid to the Person in whose name this Security (or one or more Predecessor
      Securities) is registered at the close of business on the Regular Record Date
      for such interest payment, which shall be the close of business on the fifteenth
      calendar day (whether or not a Business Day) prior to such Interest Payment
      Date. Any such interest not 

     

     

    
      
        
        

      

      
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    punctually
      paid or duly provided for shall forthwith cease to be payable to the registered
      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
      Securities of this series not less than 10 calendar days prior to such Special
      Record Date, or be paid at any time in any other lawful manner not inconsistent
      with the requirements of any securities exchange on which the Securities of
      this
      series may be listed, and upon such notice as may be required by such exchange,
      all as more fully provided in said Indenture.

     

    Payment
      of the principal of (and premium, if any) and interest on this Security will
      be
      made at the office or agency of the Company maintained for that purpose in
      the
      Borough of Manhattan, City of New York, in such coin or currency of the United
      States of America as at the time of payment is legal tender for payment of
      public and private debts; provided,
      however,
      that at
      the option of the Company payment of interest may be made by check mailed to
      the
      address of the Person entitled thereto as such address shall appear in the
      Security Register.

     

    Reference
      is hereby made to the further provisions of this Security set forth on the
      reverse hereof, which further provisions shall for all purposes have the same
      effect as if set forth at this place.

     

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

    

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

    

     

    
      	
               

               

              [SEAL]

               

            	 
	 	
              CIGNA
                CORPORATION

               

              By:_________________________________

              Name:
                Mordecai Schwartz

              Title:
                Senior Vice President and Treasurer

            
	
              Attest:

               

              ________________________________

               

              Name:
                Christine A. Reuther

              Title:
                Assistant Corporate Secretary

            	 

    

    

    

    

    
      
        
        

      

      
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    TRUSTEE’S
      CERTIFICATE OF AUTHENTICATION

    

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

    

    U.S.
      BANK
      NATIONAL ASSOCIATION, as Trustee

    

    

    By:
      ___________________________

    Authorized
      Signatory:

    

    

    

     

    

    
      
        
        

      

      
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    [REVERSE
      SIDE OF SECURITY]

    

    CIGNA
      CORPORATION

    6.150%
      Senior Notes due 2036

    

    This
      Security is one of a duly authorized issue of securities of the Company (herein
      called the “Securities”), issued and to be issued in one or more series under a
      Senior Indenture, dated as of August 16, 2006, as supplemented by a Supplemental
      Indenture No. 1, dated as of November 10, 2006 (as so supplemented, the
“Indenture”), between the Company, as issuer, and U.S. Bank National
      Association, as trustee (herein called the “Trustee”, which term includes any
      successor trustee under the Indenture), to which Indenture and all indentures
      supplemental thereto reference is hereby made for a statement of the respective
      rights, 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 on the face hereof, initially limited in aggregate
      principal amount to $250,000,000, subject to future issuances of additional
      Securities pursuant to Section 301 of the Indenture.

     

    The
      Securities of this series are subject to redemption upon not less than 30
      calendar days’ nor more than 60 calendar days’ notice by mail, at any time, and
      from time to time, in whole or in part, at a redemption price equal to the
      greater of (i) 100% of the principal amount of such Securities to be redeemed
      and (ii) the sum of the present values of the remaining scheduled payments
      of
      principal and interest (excluding interest accrued to the Redemption Date)
      on
      the Securities to be redeemed from the Redemption Date to the Stated Maturity
      date discounted to the Redemption Date on a semi-annual basis (assuming a
      360-day year consisting of twelve 30-day months) at the Treasury Rate, plus
      25
      basis points, plus, in each case, accrued and unpaid interest on the Securities
      to the Redemption Date. 

     

    “Treasury
      Rate”
means,
      with respect to any Redemption Date, (1) the yield, under the heading which
      represents the average for the immediately preceding week, appearing in the
      most
      recently published statistical release designated “H.15(519)” or any successor
      publication which is published weekly by the Board of Governors of the Federal
      Reserve System and which establishes yields on actively traded United States
      Treasury securities adjusted to constant maturity under the caption “Treasury
      Constant Maturities,” for the maturity corresponding to the Comparable Treasury
      Issue (if no maturity is within three months before or after the maturity date
      for the Senior Notes, yields for the two published maturities most closely
      corresponding to the Comparable Treasury Issue will be determined and the
      Treasury Rate shall be interpolated or extrapolated from such yields on a
      straight line basis, rounding to the nearest month) or (2) if such release
      (or
      any successor release) is not published during the week preceding the
      calculation date or does not contain such yields, the rate per annum equal
      to
      the semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue,
      calculated using a price for the Comparable Treasury Issue (expressed as a
      percentage of its principal amount) equal to the Comparable Treasury Price
      for
      such Redemption Date.

     

    The
      Treasury Rate shall be calculated on the third Business Day preceding the
      Redemption Date.

     

     

    
      
        
        

      

      
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    “Comparable
      Treasury Issue”
means
      the United States Treasury Security selected by an Independent Investment Banker
      as having a maturity comparable to the remaining term of the Senior Notes to
      be
      redeemed that would be utilized, at the time of selection and in accordance
      with
      customary financial practice, in pricing new issues of corporate debt securities
      of comparable maturity to the remaining term of the Senior Notes to be
      redeemed.

    

    “Comparable
      Treasury Price”
means,
      with respect to any Redemption Date for any Senior Notes, the average of all
      Reference Treasury Dealer Quotations obtained.

    

    “Independent
      Investment Banker”
means
      one of the Reference Treasury Dealers appointed by the Trustee after
      consultation with the Company.

    

    “Primary
      Treasury Dealer”
means
      a
      primary U.S. Government securities dealer in New York City.

    

    “Reference
      Treasury Dealer”
means
      Barclays Capital Inc. and its successors and J.P. Morgan Securities Inc. and
      its
      successors; provided, however, that if any Reference Treasury Dealer ceases
      to
      be a Primary Treasury Dealer, the Company will substitute therefor another
      Primary Treasury Dealer.

    

    “Reference
      Treasury Dealer Quotations”
means,
      with respect to each Reference Treasury Dealer and any Redemption Date, the
      average, as determined by the Trustee, of the bid and asked prices for the
      Comparable Treasury Issue (expressed in each case as a percentage of its
      principal amount) quoted in writing to the Trustee by that Reference Treasury
      Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding
      such Redemption Date.

     

    Unless
      the Company defaults in payment of the Redemption Price, interest will cease
      to
      accrue on the Securities of this series called for redemption on and after
      the
      Redemption Date. In the event of redemption of this Security in part only,
      a new
      Security or Securities of this series for the unredeemed portion hereof will
      be
      issued in the name of the Holder hereof upon the cancellation
      hereof.

     

    If
      an
      Event of Default with respect to Securities of this series shall occur and
      be
      continuing, the principal of the Securities of this series may be declared
      due
      and payable in the manner and with the effect provided in 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 rights of the Holders of the Securities of each series to be affected under
      the Indenture at any time by the Company and the Trustee with the consent of
      the
      Holders of not less than a majority in aggregate principal amount of the
      Securities at the time Outstanding of each series to be affected. The Indenture
      also contains provisions permitting the Holders of specified percentages in
      aggregate principal amount of the Securities of each series at the time
      Outstanding, on behalf of the Holders of all Securities of such series, to
      waive
      compliance by the Company 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
      

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    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, or the right
      of
      the Holder of this Security, which is absolute and unconditional, to pay, or,
      in
      the case of the Holder of this Security, to receive payment of, the principal
      of
      (and premium, if any) and interest on this Security at the times, place and
      rate, and in the coin or currency, herein prescribed.

     

    As
      provided in the Indenture and subject to certain limitations therein set forth,
      the transfer of this Security is registrable in the Security Register, upon
      surrender of this Security for registration of transfer at the office or agency
      of the Company in any place where the principal of (and premium, if any) and
      interest on this Security are payable, duly endorsed by, or accompanied by
      a
      written instrument of transfer in form satisfactory to the Company and the
      Security Registrar duly executed by, the Holder hereof or such Holder’s attorney
      duly authorized in writing; and thereupon one or more new Securities of this
      series and of like tenor, of authorized denominations and for the same aggregate
      principal amount, will be issued to the designated transferee or
      transferees.

     

    The
      Securities of this series are issuable only in registered form without coupons
      in denominations of $2,000 and multiples of $1,000 in excess thereof. As
      provided in the Indenture and subject to certain limitations therein set forth,
      Securities of this series are exchangeable for other Securities of this series,
      of a like tenor and aggregate principal amount but of a different authorized
      denomination, as requested by the Holder surrendering the same.

     

    No
      service charge shall be made for any such registration of transfer or exchange,
      but the Company or the Trustee may require payment of a sum sufficient to cover
      any tax or other governmental charge that may be imposed in connection with
      any
      registration of transfer or exchange of Securities, other than exchanges
      pursuant to Section 304, 906 or 1107 of the Indenture not involving any
      transfer.

     

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

     

    The
      Indenture provides that the Company, at the Company’s option, (a) will be
      discharged from any and all obligations in respect of the Securities (except
      for
      certain obligations to register the transfer or exchange of Securities, replace
      stolen, lost or mutilated Securities, maintain paying agencies and hold moneys
      for payment in trust) or (b) need not comply with certain restrictive covenants
      of the Indenture, in each case if the Company deposits, in trust, with the
      Trustee money, or U.S. Government Obligations (or Foreign Government Obligations
      if the Securities are denominated in a foreign currency or currencies) which
      through the payment of interest thereon and principal thereof in accordance
      with
      their terms will provide money, in an 

     

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    amount
      sufficient to pay all the principal (including any mandatory sinking fund
      payments) of, and (premium, if any) and interest on, the Securities on the
      dates
      such payments are due in accordance with the terms of such Securities, and
      certain other conditions are satisfied.

     

    No
      recourse shall be had for the payment of the principal of (and premium, if
      any)
      or interest on this Security, or for any claim based hereon, or otherwise in
      respect hereof, or based on or in respect of the Indenture or any indenture
      supplemental thereto, against any incorporator, stockholder, officer, employee,
      agent or director, as such, past, present or future, of the Company or of any
      successor corporation, whether by virtue of any constitution, statute or rule
      of
      law, or by the enforcement of any assessment or penalty or otherwise, all such
      liability being, by the acceptance hereof and as part of the consideration
      for
      the issue hereof, expressly waived and released.

     

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

     

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    ASSIGNMENT
      FORM

    
      	
               

            	
               

            	
               

            
	
              I
                or we assign and transfer this Security to:
                ________________________________________________________________________________________

            
	
               
                

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              Insert
                social security or other identifying number of assignee

            
	
               

            	
               

            	
               

            
	
              ___________________________________________________________________________________________________________

            
	
               

            	
               

            	
               

            
	
              Print
                or type name, address and zip code of assignee

            
	
               

            	
               

            	
               

            
	
              
                ___________________________________________________________________________________________________________

              

            
	
               

            	
               

            	
               

            
	
              
                ___________________________________________________________________________________________________________

              

            
	
               

            	
               

            	
               

            
	
              and
                irrevocably appoint
                                                                                  
                , as agent, to transfer this Security on the books of the
                Company.

            

    

    The
      agent
      may substitute another to act for him. 

    
      	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Date:

            	
              ____________________

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               
                

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               
                

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
              Signed

            	
               

            	
              _______________________________________

            
	
               
                

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
               
                

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
              (Sign
                exactly as name appears on the other side of this
                Security)

            

    

    Signature
      Guarantee*:
                                        

    
      	 
	
              *    The
                Holder’s signature must be guaranteed by a member firm of a registered
                national securities exchange or of the National Association of Securities
                Dealers, Inc., a commercial bank or trust company having an office
                or
                correspondent in the United States or an “eligible guarantor institution”
                as defined by Rule l7Ad-15 under the Exchange
                Act.

            

    

     

    8Exhibit 10.1 - Technology Option Agreement.

Exhibit 10.1

	
MemPore/FirstBingo

	
Technology Option Agreement

	
p.1

TECHNOLOGY OPTION AGREEMENT

	
B E T W E E N :

	 	
MEMPORE CORP.

	 	
a corporation under the Canada Business Corporations Act 

	 	
("MemPore")

	
	 	
- and - 
	 
	
	 	
FIRSTBINGO.COM

	 	
a corporation under the law of Nevada, U.S.A.

	 	
(the "Developer")

WHEREAS MemPore and the Developer wish to set out the terms under which the Developer will explore opportunities, and hold an option, for commercial use of MemPore's technology;

THEREFORE in consideration of the mutual covenants contained herein and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each of the parties hereto), the parties hereto agree as follows:

	
1. 
	
Definitions.  In this Agreement:

	
	
 
	
"Client" means a person anywhere in the world who may want to use MemPore's technology in the Specified Field.

	
	
 
	
"Mempore's Membranes" are membranes made by or for MemPore using Mempore's proprietary technology and trade secrets.  The technology for MemPore's Membranes contains trade secrets and is not offered to be licensed.

	
	
 
	
"MemPore's System" means a system for the separation by membranes of components of crude petroleum using designs or concepts developed by MemPore, whether patented or not.

	
	
 
	
"Prototype A" means one of MemPore's Systems that exists at the date of this Agreement, suitable for processing very small quantities of crude oil.

	
	
 
	
"Prototype B" means one of MemPore's Systems that is under construction at the date of this Agreement and that will incorporate 3 to 5 square metres of membrane.

	
	
 
	
"Prototype C" means one of MemPore's Systems that would incorporate about 120 square metres of membrane, and can be considered a demonstration unit.

	
	
 
	
"Specified Field" means the refining of crude petroleum.

	
	
 
	
"Term" means the period during which this Agreement is in effect, which shall be the six months from October 1, 2006 to March 31, 2007.

	 
	
2. 
	
Appointment.  MemPore grants, and the Developer accepts, the sole right for the Term to explore the interest of Clients in MemPore's System for use in the Specified Field.  During the Term, MemPore will not, directly or indirectly, approach, encourage, or engage any other person with regard to locating Clients, and MemPore will not itself seek Clients, but MemPore is absolutely unrestricted in activities outside the Specified Field.

	 
	
3. 
	
No Agency.  The Developer is not an agent of MemPore and has no authority to commit or bind MemPore in any matter, and shall never give any person a different impression.

 

	
MemPore/FirstBingo

	
Technology Option Agreement

	
p.2

	
4. 
	
MemPore's Obligations.  MemPore shall, upon request by the Developer and in a reasonable time frame to be negotiated amongst all participants:

	 	
at MemPore's expense:

	 	
* 
	
process quantities of petroleum supplied by Clients through Developer, to demonstrate Prototypes A and B;

	 	
* 
	
receive Clients at MemPore's facilities in Ottawa and demonstrate MemPore's Systems to them;

	 	
* 
	
allow and facilitate video recording by the Developer of MemPore's in operation;

	 	
* 
	
provide a spokesperson to answer question on-camera;

	 	
* 
	
provide the Developer and Clients with technical information, but only under assurances of confidentiality, and in any case MemPore's trade secrets need not be disclosed.

	 	
at the Developer's expense:

	 	
* 
	
travel to meet Clients and to give demonstrations of MemPore's Systems;

	 	
* 
	
process quantities of petroleum supplied by Clients through Developer, to demonstrate Prototype C.

	 	 	 
	
5.
	
Development Agreement.  The parties shall negotiate at any time during the Term to enter into a Development Agreement that will provide funding towards MemPore's activities in carrying out:

	 	
(a)
	
accelerated construction of Prototype B and assessment of its flux rate and fractionation, fro an incremental cost of about $25,000;

	 	
(b)
	
construction and demonstration of Prototype C and assessment of its flux rate and fractionation, for which MemPore will propose a budget; and

	 	
(c)
	
an engineering estimate of the costs and economics of a commercial plant.

	 	
If the Development Agreement is not concluded during the Term, the parties shall have no further obligation to enter into any new agreement.

	 	 
	
6.
	
Commercial Option.  The Developer is hereby granted an option, conditional on the parties signing the Development Agreement during the Term, that will be in effect for six months after the conclusion of the work in clause 6(c) above. This option gives the Developer the exclusive right to negotiate an exclusive (as modified in Section 7) right and license (the "Commercial License") limited to the Specified Field:

	 	
(a)
	
to use MemPore's System in any facility owned wholly or partly be the Developer;

	 	
(b)
	
to supply MemPore's System, manufactured by MemPore, to any third party; and 

	 	
(c)
	
to solicit Clients to which MemPore will supply any or all of: MemPore's Systems; commissioning of plants using MemPore's Systems, with continuing trouble-shooting service; creation of operating manuals and the training of users for MemPore's Systems.

	 	
The parties expect that MemPore will receive an up-front licensing fee for entering into the Commercial License, and a share of between 15% and 25% of the Developer's future net revenues from the Developer's dealings in any arrangement with MemPore's Systems.  If the option expires without a Commercial License granted to the Developer, the funding provided under the Development Agreement will be refundable, without interest, but only out of MemPore's earnings from any other license within the Specified Field.  Refund payments will be made quarterly and each will be limited to one-half of such earnings in the quarter-year.

 

 

 

	
MemPore/FirstBingo

	
Technology Option Agreement

	
p.3

	
7.
	
Exclusivity Under the Commercial Option.  The exclusive right of the Developer does not exclude MemPore from dealing directly with Petronas, Malaysia's national petroleum corporation, pursuant to discussions already under way.

	 	 
	
8.
	
Exclusivity of Certain Clients.  The Developer may identify certain Clients as having serious interest in MemPore's System.  Such identification will be deemed to occur if the Client meets MemPore in a face-to-face meeting during the Term.  Such identification may also be made by providing MemPore during the Term with copies of letters sent from the Client (not just to the Client) that indicate active negotiation relating to MemPore's System.  Mempore shall not enter into any contract (either directly or through an affiliate of the Client or of MemPore) with such an identified Client until more than eighteen (18) months after termination of this Agreement.  This Section 8 survives termination of this Agreement.

	 	 
	
9.
	
Confidentiality.  MemPore, in its discretion, will disclose information about its technology and its business to the Developer.  The Developer shall assume that all such information is confidential, unless MemPore in writing designates certain information as non-confidential.  The Developer may disclose MemPore's confidential information to Clients to the extent necessary for attracting Clients, but shall ensure that the Clients are obliged to maintain the confidentiality and obliged to not use the information for any purpose other than dealing with MemPore, and shall obtain agreements to that effect or shall mark documents and utter statements to explicitly apply confidentiality to MemPore's information.  The Developer is not in any way permitted to use MemPore's information for its own purposes.  The Developer may provide MemPore with information supplied by Clients that is identified as confidential, and MemPore shall assume the obligation of confidentiality according to terms stated at that time. This Section 9 survives termination of this Agreement.

	 	 
	
10.
	
Upon termination of this Agreement, the Developer shall at once deliver or cause to be delivered or cause to be delivered to MemPore all records, books, documents, photographs, models, prototypes, samples, and all other property belonging to MemPore, including but not limited to all confidential information of MemPore however recorded or stored, which are in the possession or control of the Developer.  Upon termination of this Agreement, MemPore shall return to the Developer or to Clients any information that was explicitly subject to such an obligation to return.  MemPore may retain one copy of any video recording made by the Developer to show MemPore's system, and is licensed to use it in any manner.

	 	 
	
11.
	
Any amendments to, or waivers of terms of, this Agreement shall be in writing and shall be duly executed by each of the parties hereto.  No waiver of any provision of this Agreement shall be deemed or shall constitute a waiver of any other provision (whether or not similar) nor shall such waiver constitute a continuing waiver unless otherwise expressly provided.

	 	 
	
12.
	
This Agreement shall enure to the benefit of and shall be binding upon each of MemPore and the Developer and upon their respective successors.

	 	 
	
13.
	
This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario, and the parties attorn to the exclusive jurisdiction of the courts of Ontario in case of any litigation concerning this Agreement.

 

 

 

	
MemPore/FirstBingo

	
Technology Option Agreement

	
p.4

	
14.
	
In the event that any provision herein or part thereof is deemed unlawful, void, invalid or unenforceable by a court of competent jurisdiction, the remaining provisions, or parts thereof, shall be and remain in full force and effect and shall be read and construed as if the unlawful, void, invalid or unenforceable provision(s) had been deleted from this Agreement.

	 	 
	
15.
	
All notices given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given if delivered by hand, or by bonded courier addressed as follows:

	 	 
	 	 	
MemPore
	 	
The Developer
	 
	 	 	
MemPore Corp.
	
FirstBingo.Com

	 	 	
66 Queen Street, 4th Floor
	
120 Adelaide Street West, Suite 1214

	 	 	
Ottawa, ON K1P 5C6
	
Toronto, Ontario, M5H 1T1

	 	 
	 	
or to such other address as may be given in writing by either party hereto to the other, and shall be deemed to have been received if delivered, on the date of delivery, and if delivered by bonded courier, on the first business day following the courier's delivery thereof.

	 	 
	
16.
	
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but both of which together shall constitute a single agreement.

	 	 
	
IN WITNESS WHEREOF each of the parties hereto has entered into this Agreement as of the date and year of the last signature below:

	 
	
MEMPORE CORP.
	
FIRSTBINGO.COM

	 	 
	
per: OLEH KUTOWY
	
per: RICHARD WACHTER

	
Oleh Kutowy, President
	 	
Richard Wachter, President
	 
	
Date:  October 6, 2006
	
Date:  October 6, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]