Company: WFC-PC
Filing Date: 2025-06-06
Form Type: S-3
Source: 0001193125-25-137239
Chunk: 186

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-06-06
Form: S-3
Chunk 186
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 with Consent of Holders.We and the unit agent, with the consent of the holders of not less than a majority of all series of outstanding units affected, voting as one class, may modify the rights of the holders of the units of each series so affected or the terms of any purchase contracts included in any of those series of units and the terms of the unit agreement relating to the purchase contracts of each series so affected. However, we and the unit agent may not make any of the following modifications without the consent of the holder of each outstanding unit affected by the modification:

| ● |     | impair the right to institute suit for the enforcement of any purchase contract; |

| ● |     | materially adversely affect the holders’ rights under any purchase contract; |

| ● |     | reduce the percentage of purchase contracts constituting part of outstanding units the consent of whose owners is                                                                                           
 required for the modification of the provisions of the unit agreement relating to those purchase contracts or for the waiver of any defaults under the unit agreement relating to those purchase contracts; |

| ● |     | materially adversely affect the holders’ units or the terms of the unit agreement (other than terms related 
 to the first three clauses above); or                                                                       |

| ● |     | reduce the percentage of outstanding units the consent of whose owners is required for the modification of the 
 provisions of the unit agreement (other than terms related to the first three clauses above).                  |

Modifications of any debt securities included in units may only be made in accordance with the applicable indenture, as described under “Description of Debt Securities—Modification and Waiver.” Merger, Consolidation, Sale, Lease or Conveyance .The unit agreement provides that we will not merge or consolidate with any other person and will not sell, lease or convey all or substantially all of our assets to any person unless:

| ● |     | we will be the continuing corporation; or |

| ● |     | the successor corporation or person that acquires all or substantially all of our assets: |

| ● |     | will be a corporation organized under the laws of the United States, a state of the United States or the District 
 of Columbia; and                                                                                                  |

| ● |     | will expressly assume all of our obligations under the unit agreement; and |

| ● |     | immediately after the merger, consolidation, sale, lease or conveyance, we, that person or that successor                     
 corporation will not be in default in the performance of the covenants and conditions of the unit agreement applicable to