Document:

seriesmexhibit4_8.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 4.8

	WELLS FARGO & COMPANY

CERTIFICATE OF DESIGNATIONS
	  
	Pursuant to Section 151(g) of the
	General Corporation Law
	of the State of Delaware

CLASS A PREFERRED STOCK, SERIES M

(Without Par Value)

     WELLS FARGO & COMPANY, a corporation organized and existing under the laws of the State of Delaware (the “Corporation”), HEREBY CERTIFIES that, pursuant to authority conferred upon the Board of Directors of the Corporation (the “Board of Directors”) by the provisions of the Restated Certificate of Incorporation of the Corporation, as amended, which authorizes the issuance of not more than 20,000,000 shares of Preferred Stock, without par value, and pursuant to authority conferred upon the Securities Committee of the Board of Directors (the “Committee”) in accordance with Section 141(c) of the General Corporation Law of the State of Delaware (the “General Corporation Law”), the following resolutions were duly adopted by the Committee pursuant to the written consent of the Committee duly adopted on November 20, 2008, in accordance with Section 141(f) of the General Corporation Law:

     RESOLVED, that pursuant to the authority vested in the Committee and in accordance with the resolutions of the Board of Directors dated October 2, 2008, the provisions of the Restated Certificate of Incorporation, the By-laws of the Corporation and applicable law, a series of Preferred Stock, no par value, of the Corporation be and hereby is created, and that the designation and number of shares of such series, and the voting and other powers, designations, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions thereof, of the shares of such series, are as follows:

     Section 1. Designation. The shares of such series of Preferred Stock shall be designated Class A Preferred Stock, Series M, with no par value and a liquidation preference of $1,000 per share (hereinafter referred to as the “Series M Preferred Stock”). Each share of Series M Preferred Stock shall be identical in all respects to every other share of Series M Preferred Stock. Series M Preferred Stock will rank equally with Parity Stock with respect to the distribution of assets in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation, if any, and will rank senior to Common Stock with respect to the payment of dividends and the distribution of assets in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.

     Section 2. Number of Shares. The number of shares of Series M Preferred Stock shall be 10. Such number may not be increased or decreased without the consent of the holders of at least 66-2/3% of the then issued and outstanding shares of Series M Preferred Stock.

     Section 3. Definitions. As used herein with respect to Series M Preferred Stock:

     “Common Stock” shall mean the common stock, $1-2/3 par value, of the Corporation. 

     “Parity Stock” means any other class or series of stock of the Corporation that ranks on a par with Series M Preferred Stock in the distribution of assets in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.

     “Series M Preferred Stock” shall have the meaning set forth in Section 1.

     Section 4. Dividends. Holders of Series M Preferred Stock shall not be entitled to receive any dividends.

     Section 5. Liquidation Rights.

     (a) Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation, holders of Series M Preferred Stock shall be entitled, before any distribution or payment out of the assets of the Corporation may be made to or set aside for the holders of any Junior Stock and subject to the rights of the holders of any class or series of securities ranking senior to or on parity with Series M Preferred Stock upon liquidation and the rights of the Corporation’s depositors and other creditors, to receive in full a liquidation preference in an amount equal to $1,000 per share. The holder of Series M Preferred Stock shall not be entitled to any further payments in the event of any such voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation other than what is expressly provided for in this Section 5.

     (b) Partial Payment. If the assets of the Corporation are not sufficient to pay in full the liquidation preference to all holders of Series M Preferred Stock and the liquidation preferences of any Parity Stock to all holders of such Parity Stock, the amounts paid to the holders of Series M Preferred Stock and to the holders of all Parity Stock shall be pro rata in accordance with the respective aggregate liquidation preferences of Series M Preferred Stock and all such Parity Stock.

     (c) Residual Distributions. If the liquidation preference has been paid in full to all holders of Series M Preferred Stock and all holders of any Parity Stock, the holders of Common Stock shall be entitled to receive all remaining assets of the Corporation according to their respective rights and preferences.

     (d) Merger, Consolidation and Sale of Assets Not Liquidation. For purposes of this Section 5, the sale, conveyance, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all of the property and assets of the Corporation shall not be deemed a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Corporation, nor shall the merger, consolidation or any other business combination transaction of the Corporation into or with any other corporation or person or the merger, consolidation or any other business combination transaction of any other corporation or person into or with the Corporation be deemed to be a voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Corporation.

     Section 6. Redemption.

	- 2 -

     (a) Optional Redemption. The holders of the shares of Series M Preferred Stock
may, at their option, cause the Corporation to redeem such shares at any time. The Corporation, at the option of the board of directors, may redeem the shares of Series M Preferred Stock at any time. The redemption price for each share of Series M
Preferred Stock shall be $1,000.00.

     (b) Notice by the Corporation of Redemption. Notice of redemption of the shares of
Series M Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the holders of record of such shares at its last address appearing on the books of the Corporation. Such mailing shall be at least 30 days and not more than
60 days before the date fixed for redemption. Any such notice mailed as provided in this Subsection shall be conclusively presumed to have been duly given, whether or not the holders receive such notice. Each notice shall state (i) the redemption
date; and (ii) the place where the Series M Preferred Stock is to be redeemed.

     (c) Notice by Holders of Election to Cause Redemption. Notice by the holders of
redemption of the shares of Series M Preferred Stock shall be mailed by first class mail, postage prepaid, addressed to the Secretary of the Corporation. Such mailing shall be at least 30 days and not more than 60 days before the date fixed for
redemption. Any such notice shall state (i) the redemption date; and (ii) the place where the Series M Preferred Stock is to be redeemed.

     (d) Effectiveness of Redemption. If notice of redemption or the election to cause
redemption, as applicable, has been duly given by the Corporation or by the holders, as applicable, and if on or before the redemption date specified in the notice all funds necessary for the redemption have been set aside by the Corporation,
separate and apart from its other funds, in trust for the benefit of the holders of the share, so as to be and continue to be available therefor, then, notwithstanding that the certificate for the share so called for redemption has not been
surrendered for cancellation, on and after the redemption date such share shall cease to be outstanding, and all rights with respect to such shares shall forthwith on such redemption date cease and terminate, except only the right of the holders
thereof to receive the amount payable on such redemption.

     Section 7. Voting Rights. The holders of Series M Preferred Stock shall have the
following voting rights.

     (a) Each share of Series M Preferred Stock shall entitle the holder thereof to a
number of votes equal to (x) 39.9% of the aggregate voting power of all capital stock outstanding (including the Common Stock and all shares of Series M Preferred Stock) and entitled to vote divided by (y) the number of shares of Series M Preferred
Stock issued and outstanding, in each case as of the applicable record date on all matters submitted to a vote of the shareholders of the Corporation.

     (b) Except as otherwise provided herein, in any other Certificate of Designation
creating a series of Preferred Stock or any similar stock (only with respect to whether such stock votes as one class with the Series M Preferred Stock or votes otherwise), or by law, the holders of shares of Series M Preferred Stock and the holders
of shares of Common Stock and any other capital stock of the Corporation having general voting rights shall vote together as one class on all matters submitted to a vote of shareholders of the Corporation.

- 3 -

     (c) Without the consent of the holders of at least 66-2/3% of the then issued and
outstanding shares of Series M Preferred Stock, voting together as a single class and as a separate class from all other capital stock of the Corporation, the Corporation shall not (1) issue or authorize for issuance any shares of Series M Preferred
Stock or any rights, warrants, options, commitments or securities to acquire any Series M Preferred Stock or such other preferred stock or any securities or other rights or commitments directly or indirectly convertible or exchangeable into any of
the foregoing, or (2) amend in any respect the certificate of incorporation or bylaws so as to adversely affect the rights, preferences, privileges or voting powers of the Series M Preferred Stock, including but not limited to by creating any other
series of preferred stock or other new class or series of capital stock having general voting rights or having the right to vote on the approval or adoption of any other share exchange, reclassification, merger, consolidation or other business
combination transaction involving the Corporation other than any such rights as are currently held by the Parity Stock outstanding as of the date hereof.

     Section 8. Conversion. The holders of Series M Preferred Stock shall not have any
rights to convert such Series M Preferred Stock into shares of any other class of capital stock of the Corporation.

     Section 9. No Sinking Fund. Shares of Series M Preferred Stock are not subject to the operation of a sinking fund.

     Section 10. No Transfer. The holders of the Series M Preferred Stock shall not,
directly or indirectly, (a) grant any proxies or enter into any voting trust or other agreement or arrangement with respect to the voting of the Series M Preferred Stock or (b) acquire, sell, assign, transfer, encumber or otherwise dispose of, or
enter into any contract, option or other arrangement or understanding with respect to the direct or indirect acquisition or sale, assignment, transfer, encumbrance or other disposition of, the Series M Preferred Stock.

- 4 -

IN WITNESS WHEREOF, WELLS FARGO & COMPANY has caused this Certificate of Designations to be signed by Barbara S. Brett, its Senior Vice President and Assistant Treasurer, and Laurel A. Holschuh, its Secretary, this 30th day of December, 2008.

                                                                             WELLS FARGO & COMPANY

                                                                              By:    /s/ Barbara S. Brett            

                                                                                      Barbara S. Brett, Senior Vice President 

                                                                                      and Assistant Treasurer

/s/ Laurel A. Holschuh            

Laurel A. Holschuh, Secretary

- 5 -wellsfargo-form8aseriesjp2.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 4.2

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO WELLS FARGO & COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASUMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

DEPOSITARY SHARES

DR

     DEPOSITARY RECEIPT FOR DEPOSITARY SHARES, EACH 

REPRESENTING 1/40th OF ONE SHARE OF 8.00% NON-CUMULATIVE

PERPETUAL CLASS A PREFERRED STOCK, SERIES J,

OF

WELLS FARGO & COMPANY

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

CUSIP 949746879

SEE REVERSE FOR CERTAIN DEFINITIONS

          U.S. BANK NATIONAL ASSOCIATION, as Depositary (the “Depositary”), hereby certifies that Cede & Co. is the registered owner of DEPOSITARY SHARES (“Depositary Shares”), each Depositary Share representing 1/40th of one share of 8.00% Non-Cumulative Perpetual Class A Preferred Stock, Series J, liquidation preference $1,000 per share, no par value per share (the “Stock”), of WELLS FARGO & COMPANY, a Delaware corporation (the “Corporation”), on deposit with the Depositary, subject to the terms and entitled to the benefits of the Deposit Agreement dated as of December 21, 2007 (the “Deposit Agreement”), among the Corporation as successor to Wachovia Corporation, the Depositary and the holders from time to time of the Depositary Receipts. By accepting this Depositary Receipt, the holder hereof becomes a party to and agrees to be bound by all the terms and conditions of the Deposit Agreement. This Depositary Receipt shall not be valid or obligatory for any purpose or entitled to any benefits under the Deposit Agreement unless it shall have been executed by the Depositary by the manual signature of a duly authorized officer or, if executed in facsimile by the Depositary, countersigned by a Registrar in respect of the Depositary Receipts by the manual signature of a duly authorized officer thereof.

          This Depositary Receipt is transferable in New York, New York.

Dated:

U.S. BANK NATIONAL ASSOCIATION, as Depositary

By: _______________________________________

       Authorized Officer

 

[FORM OF REVERSE OF RECEIPT] 

WELLS FARGO & COMPANY 

          THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH RECEIPTHOLDER WHO SO REQUESTS A COPY OF THE DEPOSIT AGREEMENT AND A COPY OR SUMMARY OF THE CERTIFICATE OF DESIGNATIONS FOR THE 8.00% NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES J, OF WELLS FARGO & COMPANY. ANY SUCH REQUEST IS TO BE ADDRESSED TO THE DEPOSITARY NAMED ON THE FACE OF THIS RECEIPT.

__________________________

          The Corporation will furnish without charge to each receiptholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation, and the qualifications, limitations or restrictions of such preferences and/or rights. Such request may be made to the Corporation or to the Depositary.

EXPLANATION OF ABBREVIATIONS

          The following abbreviations when used in the form of ownership on the face of this certificate shall be construed as though they were written out in full according to applicable laws or regulations. Abbreviations in addition to those appearing below may be used.

	Abbreviation  	  	Equivalent Phrase  	  	Abbreviation 	  	Equivalent Phrase  
	

	  	

	  	

	  	

	JT TEN  	  	As joint tenants, with right  	  	TEN BY ENT  	  	As tenants by the entireties  
	  	  	of survivorship and not as  	  	  	  	  
	  	  	tenants in common  	  	  	  	  
	TEN IN COM  	  	As tenants in common  	  	UNIF GIFT MIN ACT  	  	Uniform Gifts to Minors  
	  	  	  	  	  	  	Act  

	Abbreviation  	  	Equivalent Word	  	Abbreviation	  	   Equivalent Word  	  	     Abbreviation  	  	 Equivalent Word  
	

	  	

	  	

	  	

	  	

	  	

	ADM  	  	Administrator(s),  	  	EX  	  	Executor(s),  	  	PAR  	  	Paragraph  
	  	  	Administratrix  	  	  	  	Executrix  	  	  	  	  
	AGMT  	  	Agreement  	  	FBO  	  	For the benefit of      PL  	  	Public Law  
	ART  	  	Article  	  	FDN  	  	Foundation  	  	TR  	  	(As) trustee(s),  
	  	  	  	  	  	  	  	  	  	  	for, of  
	CH  	  	Chapter  	  	GDN  	  	Guardian(s)  	  	U  	  	Under  
	CUST  	  	Custodian for  	  	GDNSHP  	  	Guardianship  	  	UA  	  	Under  
	  	  	  	  	  	  	  	  	  	  	agreement  
	DEC  	  	Declaration  	  	MIN  	  	Minor(s)  	  	UW  	  	Under will of,  
	  	  	  	  	  	  	  	  	  	  	Of will of,  
	  	  	  	  	  	  	  	  	  	  	Under last will  
	  	  	  	  	  	  	  	  	  	  	& testament  
	EST  	  	Estate, of Estate  	  	  	  	  	  	  	  	  
	  	  	of  	  	  	  	  	  	  	  	  

           For value received, _______________ hereby sell(s), assign(s) and transfer(s) unto

______________________________________________________________________________

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF

ASSIGNEE

Depositary Shares represented by the within Receipt, and do(es) hereby irrevocably constitute and appoint ____________________Attorney to transfer the said Depositary Shares on the books of the within named Depositary with full power of substitution in the premises.

Dated: _____________

	 	                                NOTICE: The signature to

                                the assignment must

                                correspond with the name

                                as written upon the face of

                                this Receipt in every

                                particular, without

                                alteration or enlargement

                                or any change whatsoever.

SIGNATURE GUARANTEED

NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.

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