Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 65

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 65
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 | a reduction in the percentage of outstanding debt securities required to consent to a modification or amendment                                                                      
 of the applicable indenture or required to consent to a waiver of compliance with certain provisions of the applicable indenture or certain defaults under the applicable indenture; |

| ● |     | a reduction in the requirements contained in the applicable indenture for quorum or voting; |

| ● |     | a limitation of a holder’s right, if any, to repayment of debt securities at the holder’s option; |

| ● |     | in the case of subordinated debt securities convertible into common stock, a limitation of any right to convert 
 the subordinated debt securities; and                                                                           |

| ● |     | a modification of any of the foregoing requirements contained in the applicable indenture. (Section 902) |

Under each of the indentures, the holders of at least a majority of the aggregate principal amount of the outstanding debt securities of all series of debt securities affected by a particular covenant or condition, acting as one class, may, on behalf of all holders of such series of debt securities, waive compliance by us with any covenant or condition contained in the applicable indenture unless we specify that such covenant or condition cannot be so waived at the time we establish the series. The senior indenture provides that compliance with the covenant relating to Principal Subsidiary Banks described above under “—Covenants Contained in Indentures” can be waived in this manner. (Section 1008 of the senior indenture, Section 1005 of the subordinated indenture) 45

In addition, under each of the indentures, the holders of a majority in aggregate principal amount of the outstanding debt securities of any series of debt securities may, on behalf of all holders of that series, waive any past default under the applicable indenture, except:

| ● |     | a default in the payment of the principal of or any premium or interest on any debt securities of that series; or |

| ● |     | a default under any provision of the applicable indenture which itself cannot be modified or amended without the 
 consent of the holders of each outstanding debt security of that series. (Section 513)                           |

Events of Default and Covenant Breaches Unless otherwise specified in the applicable prospectus supplement, an “ event of default,” when used in the senior indenture with respect to any series of senior debt securities, means any of the following:

| (1) | failure to pay interest on any senior debt security of that series for