Company: WFC-PC
Filing Date: 2025-08-26
Form Type: S-3/A
Source: 0001193125-25-188722
Chunk: 177

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-26
Form: S-3/A
Chunk 177
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 applicable indenture, unless the procedures, 
 including notice to us and the trustee, described in such indenture have been complied with; and                 |

| ● |     | in the case of a failure by us to observe or perform any of our obligations under the unit agreement relating to 
 any purchase contracts included in the unit, unless:                                                             |

| ● |     | owners of not less than 25% of the affected purchase contracts have (a) requested the unit agent to                                             
 institute that action or proceeding in its own name as unit agent under the unit agreement and (b) offered the unit agent reasonable indemnity; |

| ● |     | the unit agent has failed to institute that action or proceeding within 60 days of that request by the owners 
 referred to above; and                                                                                        |

| ● |     | the owners of a majority of the outstanding affected units have not given directions to the unit agent 
 inconsistent with those of the owners referred to above.                                               |

If these conditions have been satisfied, any owner of an affected unit may then, but only then, institute an action or proceeding. Notwithstanding the above, the owner of any unit or purchase contract will have the unconditional right to purchase or sell, as the case may be, purchase contract property under the purchase contract and to institute suit for the enforcement of that right. Absence of Protections against All Potential Actions of Wells Fargo.There are no covenants or other provisions in the unit agreement providing for a put right or increased interest or otherwise that would afford holders of units additional protection in the event of a recapitalization transaction, a change of control of Wells Fargo or a highly leveraged transaction. Modification without Consent of Holders.We and the unit agent may amend the unit agreement and the terms of the purchase contracts and the purchase contract certificates without the consent of the holders to:

| ● |     | cure any ambiguity; |

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| ● |     | correct or supplement any defective or inconsistent provision; |

| ● |     | add to our covenants or the covenants of the unit agent; |

| ● |     | change or eliminate any provisions of the unit agreement so long as no units are outstanding or the change does 
 not affect any unit outstanding; or                                                                             |

| ● |     | amend the terms in any other manner which we may deem necessary or desirable and which will not adversely affect 
 the interests of the affected holders in any material respect.                                                   |

Modification with Consent of Holders.We and the unit agent, with the consent