Document:

WELLS FARGO & COMPANY 8-K

Exhibit
4.11

[Face
of Note]

 

Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
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 in such other name as requested by an authorized representative of DTC (and any payment is made to Cede
& Co. or 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 inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

 

	CUSIP
NO. 95001HGP0	 	FACE AMOUNT: $______
	REGISTERED
NO. __	 	 

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A 

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

Principal
at Risk Securities Linked to the Lowest Performing of the Dow Jones Industrial Average®, the Russell 2000®
Index and the Nasdaq-100 Index® due January 5, 2024

 

WELLS
FARGO FINANCE LLC, a limited liability company duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under and as defined in the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the
Maturity Payment Amount (as defined below) on the Stated Maturity Date (as defined below), unless this Security is redeemed prior
to the Stated Maturity Date as provided below under “Optional Redemption,” and to pay Contingent Coupon Payments (as
defined below) on the Face Amount of this Security to the extent provided herein on the Contingent Coupon Payment Dates specified
herein at the Contingent Coupon Rate (as defined below) until the earlier of the Stated Maturity Date and the Optional Redemption
Date (as defined below), if any. The “Initial Stated Maturity Date” shall be January 5, 2024. If the Final
Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the “Stated Maturity Date.”
If the Final Calculation Day is postponed, the “Stated Maturity Date” shall be the later of (i) the Initial
Stated Maturity Date and (ii) three Business Days (as defined below) after the last Final Calculation Day as postponed.

 

“Face
Amount” shall mean, when used with respect to this Security, the amount
set forth on the face of this Security as its “Face Amount.”

 

Optional
Redemption

 

The
Company may, at its option, redeem this Security, in whole but not in part, on any Optional Redemption Date (as defined below)
by giving notice to the Holder hereof on or before the Calculation Day (as defined below) immediately preceding that Optional
Redemption Date. If this

 

     

     

    

 

Security is redeemed, the Holder hereof will receive the Optional Redemption Price (as defined below)
plus a final Contingent Coupon Payment (as defined below), if any, on the applicable Optional Redemption Date. Unless the Company
defaults in the payment of the Optional Redemption Price plus the final Contingent Coupon Payment, if any, this Security will
cease to be outstanding on such Optional Redemption Date, no additional Contingent Coupon Payments will be payable on this Security
and the Holder hereof will have no further rights under this Security after such Optional Redemption Date. The “Optional
Redemption Price” is equal to the Face Amount of this Security. The “Optional Redemption Dates” shall
be the Contingent Coupon Payment Dates (as defined below) following each Calculation Day scheduled to occur from September 2020
to September 2023, inclusive.

 

Payment
of Contingent Coupon Payments, the Maturity Payment Amount and the Optional Redemption Price

 

On
each quarterly Contingent Coupon Payment Date, the Company shall pay a Contingent Coupon Payment if, and only if, the Closing
Level (as defined below) of the Lowest Performing Index (as defined below) on the related Calculation Day is greater than or equal
to its Threshold Level (as defined below). A “Contingent Coupon Payment,” if payable as provided herein, shall
be equal to (i) the product of the Face Amount of this Security and the Contingent Coupon Rate, (ii) divided by 4. The
“Contingent Coupon Payment Dates” shall be the third Business Day following each Calculation Day, as each such
Calculation Day may be postponed as herein provided, provided that the Contingent Coupon Payment Date with respect to the Final
Calculation Day will be the Stated Maturity Date. If a Calculation Day is postponed with respect to one or more Indices, the related
Contingent Coupon Payment Date will be three Business Days after the last Calculation Day as postponed. The “Contingent
Coupon Rate” is 15.25% per annum. Any Contingent Coupon Payments will be rounded to the nearest cent, with one-half
cent rounded upward. If a Contingent Coupon Payment Date is postponed, the Contingent Coupon Payment, if any, due on that Contingent
Coupon Payment Date will be made on that Contingent Coupon Payment Date as so postponed with the same force and effect as if it
had been made on the originally scheduled Contingent Coupon Payment Date, with no additional amount accruing or payable as a result
of the postponement.

 

Any
Contingent Coupon Payment so payable, and punctually paid or duly provided for, on any Contingent Coupon Payment Date will, as
provided in the 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 Contingent Coupon Payment next preceding such Contingent Coupon Payment
Date. The Regular Record Date for a Contingent Coupon Payment Date shall be the date one Business Day prior to such Contingent
Coupon Payment Date. 

 

Any
Contingent Coupon Payment not punctually paid or duly provided for will forthwith cease to be payable to the 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 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 the Indenture.

 

    2 

     

    

 

Payment
of any Contingent Coupon Payment on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota; provided, however, that, at the option of the Company, payment
of any Contingent Coupon Payment may be paid by check mailed to the Person entitled thereto at such Person’s last address
as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person. Payments
of any Contingent Coupon Payment and the Maturity Payment Amount or the Optional Redemption Price, as applicable, on this Security
at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose
in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. Notwithstanding
the foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, any payments on this
Security will be made to the Depositary by wire transfer of immediately available funds. 

 

Payment
of the Maturity Payment Amount or the Optional Redemption Price, as applicable, and any Contingent Coupon Payments on this Security
will be made 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.

 

Definitions
Relating to Maturity Payment Amount, the Optional Redemption Price and Contingent Coupon Payments

 

If
this Security is not redeemed prior to the Stated Maturity Date as provided above under “Optional Redemption,” the
“Maturity Payment Amount” of this Security will equal:

 

		•	if
                                         the Ending Level of the Lowest Performing Index on the Final Calculation Day (as defined
                                         below) is greater than or equal to its Threshold Level: the Face Amount; or

 

		•	if
                                         the Ending Level of the Lowest Performing Index on the Final Calculation Day is less
                                         than its Threshold Level:

 

 

 

All
calculations with respect to the Maturity Payment Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths
rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Maturity Payment Amount will be rounded to the nearest cent,
with one-half cent rounded upward.

 

“Index”
shall mean each of the Dow Jones Industrial Average, the Russell 2000 Index and the Nasdaq-100 Index.

 

The
“Pricing Date” shall mean March 30, 2020.

 

The
“Lowest Performing Index” for any Calculation Day will be the Index with the lowest Performance Factor on that
Calculation Day (as such Calculation Day may be postponed for one or more Indices).

 

    3 

     

    

 

The
“Performance Factor” with respect to an Index on any Calculation Day is its Closing Level on such Calculation
Day divided by its Starting Level (expressed as a percentage).

 

The
“Starting Level” with respect to the Dow Jones Industrial Average is 22327.48, its Closing Level on the Pricing
Date, with respect to the Russell 2000 Index is 1158.317, its Closing Level on the Pricing Date, and with respect to the Nasdaq-100
Index is 7889.006, its Closing Level on the Pricing Date.

 

The
“Ending Level” of an Index will be its Closing Level on the Final Calculation Day.

 

The
“Threshold Level” with respect to the Dow Jones Industrial Average is 15629.236, which is equal to 70% of its
Starting Level, with respect to the Russell 2000 Index is 810.8219, which is equal to 70% of its Starting Level, and with respect
to the Nasdaq-100 Index is 5522.3042, which is equal to 70% of its Starting Level.

 

The
“Closing Level” with respect to each Index on any Trading Day means the official closing level of that Index
reported by the relevant Index Sponsor on such Trading Day, as obtained by the Calculation Agent on such Trading Day from the
licensed third-party market data vendor contracted by the Calculation Agent at such time; in particular, taking into account the
decimal precision and/or rounding convention employed by such licensed third-party market data vendor on such date, subject to
the provisions set forth below under “—Market Disruption Events,” “—Adjustments to an Index”
and “—Discontinuance of an Index.”

 

“Index
Sponsor” shall mean the sponsor or publisher of an Index.

 

“Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in New York, New York.

 

The
“Calculation Days” shall be the 30th day of each March, June, September and December, commencing
June 2020 and ending September 2023, and the Final Calculation Day. If any such day is not a Trading Day with respect to any Index,
such Calculation Day for each Index will be postponed to the next succeeding day that is a Trading Day with respect to each Index.
A Calculation Day for an Index is also subject to postponement due to the occurrence of a Market Disruption Event (as defined
below) with respect to such Index on such Calculation Day. The “Final Calculation Day” is January 2, 2024.
If a Market Disruption Event occurs or is continuing with respect to an Index on any Calculation Day, then such Calculation Day
for such Index will be postponed to the first succeeding Trading Day for such Index on which a Market Disruption Event for such
Index has not occurred and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth
Trading Day for such Index after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation
Day for such Index. If a Calculation Day has been postponed eight Trading Days for an Index after the originally scheduled Calculation
Day and a Market Disruption Event occurs or is continuing with respect to such Index on such eighth Trading Day, the Calculation
Agent will determine the Closing Level of such Index on such eighth Trading Day in accordance with the formula for and method
of calculating the Closing Level of such Index last in effect prior to commencement of the Market Disruption Event, using the
closing price (or, with respect to any

 

    4 

     

    

 

relevant security, if a Market Disruption Event has occurred with respect to such security,
its good faith estimate of the value of such security at the Scheduled Closing Time of the Relevant Stock Exchange for such security
or, if earlier, the actual closing time of the regular trading session of such Relevant Stock Exchange) on that day of each security
included in such Index. As used herein, “closing price” means, with respect to any security on any date, the
Relevant Stock Exchange traded or quoted price of such security as of the Scheduled Closing Time of the Relevant Stock Exchange
for such security or, if earlier, the actual closing time of the regular trading session of such Relevant Stock Exchange. Notwithstanding
the postponement of a Calculation Day for an Index due to a Market Disruption Event with respect to such Index on such Calculation
Day, the originally scheduled Calculation Day will remain the Calculation Day for any Index not affected by a Market Disruption
Event on such day.

 

“Calculation
Agent Agreement” shall mean the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the Calculation
Agent, as amended from time to time.

 

“Calculation
Agent” shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among
other things, whether a Contingent Coupon Payment will be made, the Optional Redemption Price, if any, and the Maturity Payment
Amount, if any, which term shall, unless the context otherwise requires, include its successors under such Calculation Agent Agreement.
The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may
appoint a different Calculation Agent from time to time after the initial issuance of this Security without the consent of the
Holder of this Security and without notifying the Holder of this Security.

 

Certain
Definitions 

 

A
“Trading Day” with respect to an Index means a day, as determined by the Calculation Agent, on which (i) the
Relevant Stock Exchanges with respect to each security underlying such Index are scheduled to be open for trading for their respective
regular trading sessions and (ii) each Related Futures or Options Exchange with respect to such Index is scheduled to be
open for trading for its regular trading session.

 

The
“Relevant Stock Exchange” for any security underlying an Index means the primary exchange or quotation system
on which such security is traded, as determined by the Calculation Agent.

 

The
“Related Futures or Options Exchange” for an Index means an exchange or quotation system where trading has
a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to
such Index.

 

Adjustments
to an Index

 

If
at any time the method of calculating an Index or a Successor Equity Index, or the closing level thereof, is changed in a material
respect, or if an Index or a Successor Equity Index is in any other way modified so that such index does not, in the opinion of
the Calculation Agent, fairly represent the level of such index had those changes or modifications not been made, then the Calculation
Agent will, at the close of business in New York, New York, on each date that the closing level of such index is to be calculated,
make such calculations and adjustments as, in the

 

    5 

     

    

 

good faith judgment of the Calculation Agent, may be necessary in order to arrive
at a level of an index comparable to such Index or Successor Equity Index as if those changes or modifications had not been made,
and the Calculation Agent will calculate the closing level of such Index or Successor Equity Index with reference to such index,
as so adjusted. Accordingly, if the method of calculating an Index or Successor Equity Index is modified so that the level of
such index is a fraction or a multiple of what it would have been if it had not been modified (e.g., due to a split or
reverse split in such equity index), then the Calculation Agent will adjust such Index or Successor Equity Index in order to arrive
at a level of such index as if it had not been modified (e.g., as if the split or reverse split had not occurred).

 

Discontinuance
of an Index

 

If
an Index Sponsor discontinues publication of an Index, and such Index Sponsor or another entity publishes a successor or substitute
equity index that the Calculation Agent determines, in its sole discretion, to be comparable to such Index (a “Successor
Equity Index”), then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company,
the Calculation Agent will substitute the Successor Equity Index as calculated by the relevant Index Sponsor or any other entity
for purposes of calculating the Closing Level of such Index on any date of determination. Upon any selection by the Calculation
Agent of a Successor Equity Index, the Company will cause notice to be given to the Holder of this Security.

 

In
the event that an Index Sponsor discontinues publication of an Index prior to, and the discontinuance is continuing on, a Calculation
Day and the Calculation Agent determines that no Successor Equity Index is available at such time, the Calculation Agent will
calculate a substitute Closing Level for such Index in accordance with the formula for and method of calculating such Index last
in effect prior to the discontinuance, but using only those securities that comprised such Index immediately prior to that discontinuance.
If a Successor Equity Index is selected or the Calculation Agent calculates a level as a substitute for such Index, the Successor
Equity Index or level will be used as a substitute for such Index for all purposes, including the purpose of determining whether
a Market Disruption Event exists.

 

If
on a Calculation Day an Index Sponsor fails to calculate and announce the level of an Index, the Calculation Agent will calculate
a substitute Closing Level of such Index in accordance with the formula for and method of calculating such Index last in effect
prior to the failure, but using only those securities that comprised such Index immediately prior to that failure; provided
that, if a Market Disruption Event occurs or is continuing on such day with respect to such Index, then the provisions set
forth above under the definition of “Calculation Days” shall apply in lieu of the foregoing.

 

Market
Disruption Events 

 

A
“Market Disruption Event” with respect to an Index means any of the following events as determined by the Calculation
Agent in its sole discretion:

 

		(A)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by the Relevant Stock Exchanges or otherwise relating to securities which then comprise
                                         20% or more of the level of such Index or any Successor Equity

 

    6 

     

    

 

		 	 Index at any time during
                                         the one-hour period that ends at the Close of Trading on that day, whether by reason
                                         of movements in price exceeding limits permitted by those Relevant Stock Exchanges or
                                         otherwise.

 

		(B)	The
                                         occurrence or existence of a material suspension of or limitation imposed on trading
                                         by any Related Futures or Options Exchange or otherwise in futures or options contracts
                                         relating to such Index or any Successor Equity Index on any Related Futures or Options
                                         Exchange at any time during the one-hour period that ends at the Close of Trading on
                                         that day, whether by reason of movements in price exceeding limits permitted by the Related
                                         Futures or Options Exchange or otherwise.

 

		(C)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, securities that then comprise 20% or more of the level of such
                                         Index or any Successor Equity Index on their Relevant Stock Exchanges at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

 

		(D)	The
                                         occurrence or existence of any event, other than an early closure, that materially disrupts
                                         or impairs the ability of market participants in general to effect transactions in, or
                                         obtain market values for, futures or options contracts relating to such Index or any
                                         Successor Equity Index on any Related Futures or Options Exchange at any time during
                                         the one-hour period that ends at the Close of Trading on that day.

 

		(E)	The
                                         closure on any Exchange Business Day of the Relevant Stock Exchanges on which securities
                                         that then comprise 20% or more of the level of such Index or any Successor Equity Index
                                         are traded or any Related Futures or Options Exchange with respect to such Index or any
                                         Successor Equity Index prior to its Scheduled Closing Time unless the earlier closing
                                         time is announced by the Relevant Stock Exchange or Related Futures or Options Exchange,
                                         as applicable, at least one hour prior to the earlier of (1) the actual closing time
                                         for the regular trading session on such Relevant Stock Exchange or Related Futures or
                                         Options Exchange, as applicable, and (2) the submission deadline for orders to be entered
                                         into the Relevant Stock Exchange or Related Futures or Options Exchange, as applicable,
                                         system for execution at such actual closing time on that day.

 

		(F)	The
                                         Relevant Stock Exchange for any security underlying such Index or Successor Equity Index
                                         or any Related Futures or Options Exchange with respect to such Index or Successor Equity
                                         Index fails to open for trading during its regular trading session.

 

    7 

     

    

 

For
purposes of determining whether a Market Disruption Event has occurred with respect to an Index:

 

		(1)	the
                                         relevant percentage contribution of a security to the level of such Index or any Successor
                                         Equity Index will be based on a comparison of (x) the portion of the level of such
                                         Index attributable to that security and (y) the overall level of such Index or Successor
                                         Equity Index, in each case immediately before the occurrence of the Market Disruption
                                         Event;

 

		(2)	the
                                         “Close of Trading” on any Trading Day for such Index or any Successor
                                         Equity Index means the Scheduled Closing Time of the Relevant Stock Exchanges with respect
                                         to the securities underlying such Index or Successor Equity Index on such Trading Day;
                                         provided that, if the actual closing time of the regular trading session of any such
                                         Relevant Stock Exchange is earlier than its Scheduled Closing Time on such Trading Day,
                                         then (x) for purposes of clauses (A) and (C) of the definition of “Market
                                         Disruption Event” above, with respect to any security underlying such Index or
                                         Successor Equity Index for which such Relevant Stock Exchange is its Relevant Stock Exchange,
                                         the “Close of Trading” means such actual closing time and (y) for purposes
                                         of clauses (B) and (D) of the definition of “Market Disruption Event”
                                         above, with respect to any futures or options contract relating to such Index or Successor
                                         Equity Index, the “Close of Trading” means the latest actual closing time
                                         of the regular trading session of any of the Relevant Stock Exchanges, but in no event
                                         later than the Scheduled Closing Time of the Relevant Stock Exchanges;

 

		(3)	the
                                         “Scheduled Closing Time” of any Relevant Stock Exchange or Related
                                         Futures or Options Exchange on any Trading Day for such Index or any Successor Equity
                                         Index means the scheduled weekday closing time of such Relevant Stock Exchange or Related
                                         Futures or Options Exchange on such Trading Day, without regard to after hours or any
                                         other trading outside the regular trading session hours; and

 

		(4)	an
                                         “Exchange Business Day” means any Trading Day for such Index or any
                                         Successor Equity Index on which each Relevant Stock Exchange for the securities underlying
                                         such Index or any Successor Equity Index and each Related Futures or Options Exchange
                                         with respect to such Index or any Successor Equity Index are open for trading during
                                         their respective regular trading sessions, notwithstanding any such Relevant Stock Exchange
                                         or Related Futures or Options Exchange closing prior to its Scheduled Closing Time.

 

Calculation
Agent

 

The
Calculation Agent will determine whether a Contingent Coupon Payment will be made, the Optional Redemption Price, if any, and
the Maturity Payment Amount, if any. In addition, the Calculation Agent will (i) determine if adjustments are required to
the Closing Level of an Index under the circumstances described in this Security, (ii) if publication of an Index is discontinued,
select a Successor Equity Index or, if no Successor Equity Index is available, determine the Closing Level of such Index under
the circumstances described in this Security, and (iii) determine whether a Market Disruption Event has occurred.

 

    8 

     

    

 

The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall
be a broker-dealer, bank or other financial institution) with respect to this Security.

 

All
determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent
and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security.

 

Redemption
and Repayment

 

This
Security is not subject to repayment at the option of the Holder hereof prior to January 5, 2024. This Security is subject to
redemption prior to January 5, 2024 as set forth under “Optional Redemption” above. This Security is not entitled
to any sinking fund.

 

Acceleration

 

If
an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Maturity
Payment Amount (calculated as set forth in the next two sentences) of this Security may
be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder
hereof upon any acceleration permitted under the Indenture will be equal to the Maturity Payment Amount hereof calculated as provided
herein, plus a portion of a final Contingent Coupon Payment, if any. The Maturity Payment Amount and any final Contingent Coupon
Payment will be calculated as though the date of acceleration were the Final Calculation Day. The final Contingent Coupon Payment,
if any, will be prorated from and including the immediately preceding Contingent Coupon Payment Date to but excluding the date
of acceleration.

 

__________________

 

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 by the Trustee referred to on the reverse hereof by manual signature
or its duly authorized agent under the Indenture 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.

 

[The
remainder of this page has been left intentionally blank]

 

    9 

     

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

 

DATED:

 

	 

	WELLS FARGO FINANCE LLC

	 

	 

	 

	 

	By:

	 

	 

	 

	 

	 

	 
	Its:

 

	 

	Attest:

	 

	 

	 

	 

	 

	 
	Its: 

 

TRUSTEE’S
CERTIFICATE OF 

AUTHENTICATION 

This
is one of the Securities of the  

series
designated therein described 

in
the within-mentioned Indenture.

 

	CITIBANK,
                                         N.A.,

	 

	as
                                         Trustee

	 

	 

	 

	 

	By:

	 

	 

	 

	Authorized
                                         Signature

	 

	 

	 

	 

	OR

	 

	 

	 

	 

	WELLS
                                         FARGO BANK, N.A.,

	 

	as
                                         Authenticating Agent for the Trustee

	 

	 

	 

	 

	By:

	 

	 

	 

	Authorized
                                         Signature

	 

 

    10 

     

    

 

[Reverse
of Note]

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

Principal
at Risk Securities Linked to the Lowest Performing of the Dow Jones Industrial Average®, the Russell 2000®
Index and the Nasdaq-100 Index® due January 5, 2024

 

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 an indenture dated as of April 25, 2018, as amended or supplemented from time to
time (herein called the “Indenture”), among the Company, as issuer, Wells Fargo & Company, as guarantor
(the “Guarantor”) and Citibank, N.A., 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 Guarantor,
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 of the Securities designated as Medium-Term
Notes, Series A, of the Company. The amount payable on the Securities of this series may be determined by reference to
the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing,
or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different
times or not at all and be denominated in different currencies.

 

The
Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented
by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities
issued to and registered in the names of, the beneficial owners or their nominees.

 

The
Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security.

 

Guarantee

 

The
Securities of this series are fully and unconditionally guaranteed by the Guarantor as and to the extent set forth in the Indenture.

 

Modification
and Waivers 

 

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 Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture
at any time by the

 

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Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions
permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain
provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance
by the Company or the Guarantor with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences
may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series. Solely
for the purpose of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders
of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in the requisite aggregate
principal amount, the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof
as the “Face Amount” hereof. Any such consent or waiver by the Holder of this
Security shall be conclusive and binding upon 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.

 

Defeasance

 

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company or the Guarantor with certain conditions set forth therein, shall not apply to this Security. The remaining
provisions of Section 401 of the Indenture shall apply to this Security.

 

Authorized
Denominations

 

This
Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which
is an integral multiple of $1,000.

 

Registration
of Transfer

 

Upon
due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis,
Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for
an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject
to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental
charge imposed in connection therewith.

 

This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days
after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines
that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z)
an Event of Default with respect to the Securities

 

    12 

     

    

 

represented hereby has occurred and is continuing. If this Security is exchangeable
pursuant to the preceding sentence, it shall be exchangeable for definitive Securities in registered form, bearing interest at
the same rate, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating
a like amount. 

 

This
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary
or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will not be entitled
to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under
the Indenture.

 

Prior
to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the
Company, the Guarantor 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 Guarantor, the Trustee nor any such agent shall
be affected by notice to the contrary.

 

Obligation
of the Company Absolute

 

No
reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Contingent Coupon Payments, if any, and the Maturity
Payment Amount or the Optional Redemption Price, as applicable, on this Security at the
times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security.

 

No
Personal Recourse

 

No
recourse shall be had for the payment of any Contingent Coupon Payments or the Maturity
Payment Amount or the Optional Redemption Price, as applicable, 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 or director, as such, past, present or future, of the Company or any successor
corporation or of the Guarantor or 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 issuance hereof, expressly waived and released.

 

Defined
Terms

 

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

 

Governing
Law

 

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws.

 

    13 

     

    

 

 

ABBREVIATIONS

 

 The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	TEN
                                         COM

	--

	as
                                         tenants in common

	 

	 

	 

	TEN
                                         ENT

	--

	as
                                         tenants by the entireties

	 

	 

	 

	JT
                                         TEN

	--

	as
                                         joint tenants with right

	 

	 

	of
                                         survivorship and not

	 

	 

	as
                                         tenants in common

 

	UNIF
                                         GIFT MIN ACT

	--

	 

	Custodian

	 

	 

	 

	(Cust)

	 

	(Minor)

 

Under
Uniform Gifts to Minors Act

 

	 

	 

	(State)

	 

 

Additional
abbreviations may also be used though not in the above list.

 

FOR
VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

 

Please
Insert Social Security or 

Other
Identifying Number of Assignee

 

	 

	 

	 

	 

	 

	 

	 

(Please
print or type name and address including postal zip code of Assignee)

  

    14 

     

    

 

the
within Security of WELLS FARGO FINANCE LLC and does hereby irrevocably constitute and appoint __________________ attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises.

 

	Dated:

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

 

NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.

 

    15WELLS FARGO & COMPANY 8-K

Exhibit
4.12

 

[Face
of Note]

 

Unless
this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”),
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 in such other name as requested by an authorized representative of DTC (and any payment is made to Cede
& Co. or 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 inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

 

	CUSIP
    NO. 95002W628	PRINCIPAL
    AMOUNT: $__________

ISIN
NO. US95002W6286

REGISTERED
NO. ___

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A

 

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

STEP Income
Securities® Linked to the Common Stock of Netflix, Inc.

WELLS
FARGO FINANCE LLC, a limited liability company duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under and as defined in the Indenture hereinafter
referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the
Redemption Amount (as defined below) on April 9, 2021 (the “Stated Maturity Date”) and to pay Interest Payments
(as defined below) on the Principal Amount of this Security on the Interest Payment Dates specified herein at the Interest Rate
(as defined below).

 

Any
payments on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company
for such purpose.

 

“Principal
Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this Security as its
“Principal Amount.”

 

Payment
of Interest Payments and the Redemption Amount

 

On
each Interest Payment Date, the Company shall pay an Interest Payment. An “Interest Payment” shall be computed
on the basis of a 360-day year of twelve 30-day months. The “Interest Payment Dates” shall be July 9, 2020,
October 9, 2020, January 9, 2021 and the Stated Maturity Date. The “Interest Rate” is 11.50% per annum. Interest
Payments will be rounded to the nearest cent, with one-half cent rounded upward. Each Interest Payment will include interest accrued
from, and including, April 2, 2020 or the most recent Interest Payment Date to, but excluding, the next Interest

 

     

     

    

 

Payment
Date. If a scheduled Interest Payment Date falls on a day that is not a Business Day (as defined below), the Interest Payment
due on that Interest Payment Date will be made on the next succeeding Business Day with the same force and effect as if it had
been made on the originally scheduled Interest Payment Date, and no additional interest will accrue as a result of the delayed
payment.

 

An
Interest Payment so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the 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 next preceding such Interest Payment Date. The Regular Record Date for an
Interest Payment Date shall be the date one Business Day prior to such Interest Payment Date.

 

An
Interest Payment not punctually paid or duly provided for will forthwith cease to be payable to the 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 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 the Indenture.

 

Payment
of the Interest Payments on this Security will be made in immediately available funds at the office or agency of the Company maintained
for that purpose in the City of Minneapolis, Minnesota; provided, however, that, at the option of the Company, payment of Interest
Payments may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security
Register or by wire transfer to such account as may have been designated by such Person. Payments of the Interest Payment and
the Redemption Amount on this Security at Maturity will be made against presentation of this Security at the office or agency
of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained
by the Company for such purpose. Notwithstanding the foregoing, for so long as this Security is a Global Security registered in
the name of the Depositary, any payments on this Security will be made to the Depositary by wire transfer of immediately available
funds.

 

Payment
of the Interest Payments and the Redemption Amount on this Security will be made 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.

 

Definitions
Relating to Redemption Amount and Interest Payments

 

The
“Redemption Amount” of this Security will equal:

 

		•	if
                                         the Ending Value is greater than or equal to the Step Level: Principal Amount + Step
                                         Payment;

 

		•	if
                                         the Ending Value is less than the Step Level but greater than or equal to the Threshold
                                         Value: the Principal Amount; or

 

    2 

     

    

 

		•	if
                                         the Ending Value is less than the Threshold Value: the Principal Amount minus:

 

 

 

All
calculations with respect to the Redemption Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths
rounded upward (e.g., 0.000005 would be rounded to 0.00001); and the Redemption Amount will be rounded to the nearest cent, with
one-half cent rounded upward.

 

“Underlying
Stock” shall mean the common stock of Netflix, Inc.

 

“Underlying
Company” shall mean Netflix, Inc.

 

The
“Pricing Date” shall mean March 26, 2020.

 

The
“Starting Value” is 354.80, the Volume Weighted Average Price on the Pricing Date.

 

The
“Volume Weighted Average Price” shall mean the volume weighted average price (rounded to two decimal places)
shown on page “AQR” on Bloomberg L.P. for trading in shares of the Underlying Stock taking place from approximately
9:30 a.m. to 4:05 p.m. on all U.S. exchanges.

 

The
“Ending Value” will be the Closing Market Price (as defined below) of the Underlying Stock on the Valuation
Date multiplied by the Price Multiplier (as defined below), subject to the provisions set forth below under “Market Disruption
Events” and “Anti-Dilution Adjustments.”

 

The
“Threshold Value” is 354.80, which is equal to 100.00% of the Starting Value.

 

The
“Step Payment” is 8.50% of the Principal Amount.

 

The
“Step Level” is 395.60, which is equal to 111.50% of the Starting Value (rounded to two decimal places).

 

The
“Valuation Date” is April 1, 2021, subject to the provisions set forth below under “Market Disruption
Events.” If there is a Market Disruption Event on the scheduled Valuation Date, the Valuation Date will be the immediately
succeeding Trading Day (as defined below) during which no Market Disruption Event occurs or is continuing; provided that the Ending
Value will be determined (or, if not determinable, estimated) by the Calculation Agents in a commercially reasonable manner on
a date no later than the second scheduled Trading Day prior to the Stated Maturity Date, regardless of the occurrence of a Market
Disruption Event on that second scheduled Trading Day.

 

“Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions
are authorized or required by law or regulation to close in New York, New York.

 

    3 

     

    

 

“Joint
Calculation Agency Agreement” shall mean the Joint Calculation Agency Agreement dated as of October 5, 2018 among the
Company, Wells Fargo & Company, as guarantor (the “Guarantor”), and the Calculation Agents, as amended
from time to time.

 

“Calculation
Agents” shall mean the Persons that have entered into the Joint Calculation Agency Agreement with the Company and the
Guarantor providing for, among other things, the determination of the Ending Value, the Price Multiplier, the Closing Market Price,
the Step Payment and the Redemption Amount, any Market Disruption Events, any anti-dilution adjustments, any successor Underlying
Stock, Business Day and Trading Days, which term shall, unless the context otherwise requires, include their successors under
such Joint Calculation Agency Agreement. The initial Calculation Agents shall be Wells Fargo Securities, LLC and BofA Securities,
Inc. Pursuant to the Joint Calculation Agency Agreement, the Company may appoint a different Calculation Agent from time to time
after the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder
of this Security.

 

A
“Trading Day” means a day on which trading is generally conducted (or was scheduled to have been generally
conducted, but for the occurrence of a Market Disruption Event) on the New York Stock Exchange (the “NYSE”),
the Nasdaq Stock Market, the Chicago Board Options Exchange, and in the over-the-counter market for equity securities in the United
States, or any successor exchange or market, or in the case of a security traded on one or more non-U.S. securities exchanges
or markets, on the principal non-U.S. securities exchange or market for such security.

 

The
“Closing Market Price” for one share of the Underlying Stock (or one unit of any other security for which a
Closing Market Price must be determined) on any Trading Day means any of the following:

 

●          if
the Underlying Stock (or such other security) is listed or admitted to trading on a national securities exchange, the last reported
sale price, regular way (or, in the case of The Nasdaq Stock Market, the official closing price), of the principal trading session
on that day on the principal U.S. securities exchange registered under the Exchange Act on which the Underlying Stock (or such
other security) is listed or admitted to trading;

 

●          if
the Underlying Stock (or such other security) is not listed or admitted to trading on any national securities exchange but is
included in the OTC Bulletin Board, the last reported sale price of the principal trading session on the OTC Bulletin Board on
that day;

 

●          if
the Underlying Stock (or such other security) is issued by a foreign issuer and its closing price cannot be determined as set
forth in the two bullet points above, and the Underlying Stock (or such other security) is listed or admitted to trading on a
non-U.S. securities exchange or market, the last reported sale price, regular way, of the principal trading session on that day
on the primary non-U.S. securities exchange or market on which the Underlying Stock (or such other security) is listed or admitted
to trading (converted to U.S. dollars using such exchange rate as the Calculation Agents, in their sole discretion, determine
to be commercially reasonable); or

 

●          if
the Closing Market Price cannot be determined as set forth in the prior bullets, the mean, as determined by the Calculation Agents,
of the bid prices for the Underlying Stock (or

 

    4 

     

    

 

such
other security) obtained from as many dealers in that security, but not exceeding three, as will make the bid prices available
to the Calculation Agents. If no such bid price can be obtained, the Closing Market Price will be determined (or, if not determinable,
estimated) by the Calculation Agents in their sole discretion in a commercially reasonable manner.

 

The
initial “Price Multiplier” for the Underlying Stock will be one. The Price Multiplier for the Underlying Stock
will be subject to adjustment for certain corporate events relating to the Underlying Stock described below under “Anti-Dilution
Adjustments.”

 

Market
Disruption Events

 

As
to the Underlying Stock (or any “successor Underlying Stock,” which is the common equity securities or the
ADRs (as defined below) of a Successor Entity (as defined below)), a “Market Disruption Event” means any of
the following events, as determined by the Calculation Agents in their sole discretion:

 

		(A)	the
                                         suspension of or material limitation on trading, in each case, for more than two consecutive
                                         hours of trading, or during the one-half hour period preceding the close of trading,
                                         of the shares of the Underlying Stock (or the successor to the Underlying Stock) on the
                                         primary exchange where such shares trade, as determined by the Calculation Agents (without
                                         taking into account any extended or after-hours trading session);

 

		(B)	the
                                         suspension of or material limitation on trading, in each case, for more than two consecutive
                                         hours of trading, or during the one-half hour period preceding the close of trading,
                                         on the primary exchange that trades options contracts or futures contracts related to
                                         the shares of the Underlying Stock (or successor to the Underlying Stock) as determined
                                         by the Calculation Agents (without taking into account any extended or after-hours trading
                                         session), in options contracts or futures contracts related to the shares of the Underlying
                                         Stock (or successor to the Underlying Stock); or

 

		(C)	the
                                         determination that the scheduled Valuation Date is not a Trading Day by reason of an
                                         extraordinary event, occurrence, declaration, or otherwise.

 

For
the purpose of determining whether a Market Disruption Event has occurred:

 

		(1)	a
                                         limitation on the hours in a Trading Day and/or number of days of trading will not constitute
                                         a Market Disruption Event if it results from an announced change in the regular business
                                         hours of the relevant exchange;

 

		(2)	a
                                         decision to permanently discontinue trading in the relevant futures or options contracts
                                         relating to such shares will not constitute a Market Disruption Event;

 

		(3)	a
                                         suspension in trading in a futures or options contract on the shares of the Underlying
                                         Stock (or successor Underlying Stock), by a major securities market by reason of (a)
                                         a price change violating limits set by that securities market, (b) an imbalance of orders

 

    5 

     

    

 

	 	 	relating
                                         to those contracts, or (c) a disparity in bid and ask quotes relating to those contracts,
                                         will each constitute a suspension of or material limitation on trading in futures or
                                         options contracts relating to the Underlying Stock; 

 

		(4)	subject
                                         to paragraph (3) above, a suspension of or material limitation on trading on the relevant
                                         exchange will not include any time when that exchange is closed for trading under ordinary
                                         circumstances; and

 

		(5)	for
                                         the purpose of clause (A) above, any limitations on trading during significant market
                                         fluctuations under NYSE Rule 80B, or any applicable rule or regulation enacted or promulgated
                                         by the NYSE or any other self-regulatory organization or the SEC of similar scope as
                                         determined by the Calculation Agents, will be considered “material.”

 

Anti-Dilution
Adjustments 

 

As
to the Underlying Stock (or successor Underlying Stock), the Calculation Agents, in their sole discretion, may adjust the Price
Multiplier (and as a result, the Ending Value), and any other terms of this Security, if an event described below occurs after
the Pricing Date and on or before the Valuation Date and if the Calculation Agents determine that such an event has a diluting
or concentrative effect on the theoretical value of the shares of the Underlying Stock or successor Underlying Stock.

 

The
Price Multiplier resulting from any of the adjustments specified below will be rounded to the eighth decimal place with five one-billionths
being rounded upward. No adjustments to the Price Multiplier will be required unless the adjustment would require a change of
at least 0.1% in the Price Multiplier then in effect. Any adjustment that would require a change of less than 0.1% in the Price
Multiplier which is not applied at the time of the event may be reflected at the time of any subsequent adjustment that would
require a change of the Price Multiplier.

 

No
adjustments to the Price Multiplier for the Underlying Stock or any other terms of this Security will be required other than those
specified below. However, the Calculation Agents may, at their sole discretion, make additional adjustments or adjustments that
differ from those described herein to the Price Multiplier or any other terms of this Security to reflect changes to the Underlying
Stock if the Calculation Agents determine that the adjustment is appropriate to ensure an equitable result.

 

The
Calculation Agents will be solely responsible for the determination of any adjustments to the Price Multiplier for the Underlying
Stock or any other terms of this Security and of any related determinations with respect to any distributions of stock, other
securities or other property or assets, including cash, in connection with any corporate event described below; their determinations
and calculations will be conclusive absent a determination of a manifest error.

 

No
adjustments are required to be made for certain other events, such as offerings of common equity securities by the Underlying
Company for cash or in connection with the occurrence of a partial tender or exchange offer for the Underlying Stock by the Underlying
Company.

 

Following
certain corporate events relating to the Underlying Stock, where the Underlying Company is not the surviving entity, any payment
received on this Security may be based on the

 

    6 

     

    

 

equity
securities of a successor to the Underlying Company or any cash or any other assets distributed to holders of the Underlying Stock
in such corporate event.

 

Following
an event that results in an adjustment to the Price Multiplier for the Underlying Stock or any of the other terms of this Security,
the Calculation Agents may (but is not required to) provide the Holder of this Security with information about that adjustment
as they deem appropriate, depending on the nature of the adjustment. Upon written request by the Holder of this Security, the
Calculation Agents will provide the Holder of this Security with information about such adjustment. 

 

Anti-Dilution
Adjustments to Underlying Stocks that Are Common Equity

 

The
Calculation Agents, in their sole discretion and as they deem reasonable, may adjust the Price Multiplier for the Underlying Stock
and other terms of this Security, and hence the Ending Value, as a result of certain events related to the Underlying Stock, which
include, but are not limited to, the following:

 

Stock
Splits and Reverse Stock Splits. If the Underlying Stock is subject to a stock split or reverse
stock split, then once such split has become effective, the Price Multiplier will be adjusted such that the new Price Multiplier
will equal the product of: 

 

		●	the
                                         prior Price Multiplier; and

 

		●	the
                                         number of shares that a holder of one share of the Underlying Stock before the effective
                                         date of the stock split or reverse stock split would have owned immediately following
                                         the applicable effective date.

 

Stock
Dividends. If the Underlying Stock is subject to (i) a stock
dividend (i.e., an issuance of additional shares of Underlying Stock) that is given ratably to all holders of the Underlying Stock
or (ii) a distribution of additional shares of the Underlying Stock as a result of the triggering of any provision of the organizational
documents of the Underlying Company, then, once the dividend has become effective and the Underlying Stock is trading ex-dividend,
the Price Multiplier will be adjusted on the ex-dividend date such that the new Price Multiplier will equal the prior Price Multiplier
plus the product of: 

 

		●	the
                                         prior Price Multiplier; and 

 

		●	the
                                         number of additional shares issued in the stock dividend with respect to one share of
                                         the Underlying Stock; 

 

provided
that no adjustment will be made for a stock dividend for which the number of shares of the Underlying Stock paid or distributed
is based on a fixed cash equivalent value, unless such distribution is an Extraordinary Dividend (as defined below).

 

Extraordinary
Dividends. There will be no adjustments to the Price Multiplier to reflect any cash dividends
or cash distributions paid with respect to the Underlying Stock other than Extraordinary Dividends, as described below, and distributions
described under the section entitled “—Reorganization Events” below.

 

    7 

     

    

 

An
“Extraordinary Dividend” means, with respect to a cash dividend or other distribution with respect to the Underlying
Stock, a dividend or other distribution that the Calculation Agents determine, in their sole discretion, is not declared or otherwise
made according to the Underlying Company’s then existing policy or practice of paying such dividends on a quarterly or other
regular basis. If an Extraordinary Dividend occurs, the Price Multiplier will be adjusted on the ex-dividend date so that the
new Price Multiplier will equal the product of:

 

	●	the
                                         prior Price Multiplier; and 

 

	●	a
                                         fraction, the numerator of which is the Closing Market Price per share of the Underlying
                                         Stock on the Trading Day preceding the ex-dividend date and the denominator of which
                                         is the amount by which the Closing Market Price per share of the Underlying Stock on
                                         that preceding Trading Day exceeds the Extraordinary Dividend Amount. 

 

The
“Extraordinary Dividend Amount” with respect to an Extraordinary Dividend will equal:

 

		●	in
                                         the case of cash dividends or other distributions that constitute regular dividends,
                                         the amount per share of the Underlying Stock of that Extraordinary Dividend minus the
                                         amount per share of the immediately preceding non-Extraordinary Dividend for that share;
                                         or

 

		●	in
                                         the case of cash dividends or other distributions that do not constitute regular dividends,
                                         the amount per share of the Underlying Stock of that Extraordinary Dividend.

 

To
the extent an Extraordinary Dividend is not paid in cash, the value of the non-cash component will be determined by the Calculation
Agents, whose determination will be conclusive. A distribution on the Underlying Stock described in the section “—Issuance
of Transferable Rights or Warrants” or clause (a), (d) or (e) of the section entitled “—Reorganization Events”
below that also constitutes an Extraordinary Dividend will only cause an adjustment under those respective sections. 

 

Issuance
of Transferable Rights or Warrants. If the Underlying Company issues transferable rights or
warrants to all holders of record of the Underlying Stock to subscribe for or purchase the Underlying Stock, including new or
existing rights to purchase the Underlying Stock under a shareholder rights plan or arrangement, then the Price Multiplier will
be adjusted on the Trading Day immediately following the issuance of those transferable rights or warrants so that the new Price
Multiplier will equal the prior Price Multiplier plus the product of:

 

		●	the
                                         prior Price Multiplier; and

 

		●	the
                                         number of shares of the Underlying Stock that can be purchased with the cash value of
                                         those warrants or rights distributed on one share of the Underlying Stock.

 

    8 

     

    

 

The
number of shares that can be purchased will be based on the Closing Market Price of the Underlying Stock on the date the new Price
Multiplier is determined. The cash value of those warrants or rights, if the warrants or rights are traded on a registered national
securities exchange, will equal the closing price of that warrant or right. If the warrants or rights are not traded on a registered
national securities exchange, the cash value will be determined by the Calculation Agents and will equal the average of the bid
prices obtained from three dealers at 3:00 p.m., New York time on the date the new Price Multiplier is determined, provided that
if only two of those bid prices are available, then the cash value of those warrants or rights will equal the average of those
bids and if only one of those bids is available, then the cash value of those warrants or rights will equal that bid.

 

Reorganization
Events

 

If
after the Pricing Date and on or prior to the Valuation Date of this Security, as to the Underlying Stock:

 

	 	(a)	there
                                         occurs any reclassification or change of the Underlying Stock, including, without limitation,
                                         as a result of the issuance of tracking stock by the Underlying Company;

	 	 	 
	 	(b)	the
                                         Underlying Company, or any surviving entity or subsequent surviving entity of the Underlying
                                         Company (a “Successor Entity”), has been subject to a merger, combination,
                                         or consolidation and is not the surviving entity;

	 	 	 
	 	(c)	any
                                         statutory exchange of securities of the Underlying Company or any Successor Entity with
                                         another corporation occurs, other than under clause (b) above;

	 	 	 
	 	(d)	the
                                         Underlying Company is liquidated or is subject to a proceeding under any applicable bankruptcy,
                                         insolvency, or other similar law;

	 	 	 
	 	(e)
	the
                                         Underlying Company issues to all of its shareholders securities of an issuer other than
                                         the Underlying Company, including equity securities of an affiliate of the Underlying
                                         Company, other than in a transaction described in clauses (b), (c), or (d) above;

	 	 	 
	 	(f)
	a
                                         tender or exchange offer or going-private transaction is consummated for all the outstanding
                                         shares of the Underlying Company;

	 	 	 
	 	(g)
	there
                                         occurs any reclassification or change of the Underlying Stock that results in a transfer
                                         or an irrevocable commitment to transfer all such outstanding shares of the Underlying
                                         Stock to another entity or person;

	 	 	 
	 	(h)
	the
                                         Underlying Company or any Successor Entity is the surviving entity of a merger, combination,
                                         or consolidation, that results in the outstanding Underlying Stock (other than Underlying
                                         Stock owned or controlled by the other party to such transaction) immediately prior to
                                         such event collectively representing less than 50% of the outstanding Underlying Stock
                                         immediately following such event; or

 

    9 

     

    

 

	 	 	 
	 	(i)
	the
                                         Underlying Company ceases to file the financial and other information with the SEC in
                                         accordance with Section 13(a) of the Exchange Act (an event in clauses (a) through (i),
                                         a “Reorganization Event”),

 

then,
on or after the date of the occurrence of a Reorganization Event, the Calculation Agents shall, in their sole discretion, make
an adjustment to the Price Multiplier or to the method of determining the Redemption Amount or any other terms of this Security
as the Calculation Agents, in their sole discretion, determine appropriate to account for the economic effect on this Security
of that Reorganization Event (including adjustments to account for changes in volatility, expected dividends, stock loan rate,
or liquidity relevant to the Underlying Stock or to this Security), which may, but need not, be determined by reference to the
adjustment(s) made in respect of such Reorganization Event by an options exchange to options on the relevant Underlying Stock
traded on that options exchange and determine the effective date of that adjustment. If the Calculation Agents determine that
no adjustment that they could make will produce a commercially reasonable result, then the Calculation Agents may cause the Stated
Maturity Date of this Security to be accelerated to the fifth business day following the date of that determination and the Redemption
Amount payable to the Holder of this Security will be calculated as though the date of early repayment were the Stated Maturity
Date of this Security and as though the Valuation Date were the fifth Trading Day prior to the date of acceleration.

 

If
the Underlying Company ceases to file the financial and other information with the Securities and Exchange Commission in accordance
with Section 13(a) of the Exchange Act, as contemplated by clause (i) above, and the Calculation Agents determine in their sole
discretion that sufficiently similar information is not otherwise available to the Holder of this Security, then the Calculation
Agents may cause the Stated Maturity Date of this Security to be accelerated to the fifth Business Day following the date of that
determination and the Redemption Amount payable to the Holder of this Security will be calculated as though the date of early
repayment were the Stated Maturity Date of this Security, and as though the Valuation Date were the fifth Trading Day prior to
the date of acceleration. If the Calculation Agents determine that sufficiently similar information is available to the Holder
of this Security, the Reorganization Event will be deemed to have not occurred.

 

If
this Security is accelerated as described in the two preceding paragraphs, the Holder of this Security will also receive an Interest
Payment representing the amount of interest accrued on this Security from the immediately preceding Interest Payment Date or,
if none, the Pricing Date, until the date that the Redemption Amount is paid. However, upon any such acceleration, the Holder
of this Security will not be entitled to any interest that would have accrued after the date of acceleration.

 

Alternative
Anti-Dilution and Reorganization Adjustments

 

The
Calculation Agents may elect at their discretion to not make any of the adjustments to the Price Multiplier for the Underlying
Stock or to the other terms of this Security, including the method of determining the Redemption Amount, but may instead make
adjustments, in their discretion, to the Price Multiplier for the Underlying Stock or any other terms of this Security (such as
the Starting Value) that will reflect the adjustments to the extent practicable made by the Options Clearing Corporation on options
contracts on the Underlying Stock or any successor common stock.

 

    10 

     

    

 

Anti-Dilution
Adjustments to Underlying Stocks that Are ADRs

 

For
purposes of the anti-dilution adjustments set forth above, if the Underlying Stock is an ADR (an “Underlying ADR”),
the Calculation Agents will consider the effect of any of the relevant events on the Underlying ADR, and adjustments will be made
as if the Underlying ADR was the Underlying Stock described above. For example, if the stock represented by the Underlying ADR
is subject to a two-for-one stock split, and assuming an initial Price Multiplier of one, the Price Multiplier for the Underlying
ADR would be adjusted so that it equals two. With respect this Security linked to an Underlying ADR (or an Underlying Stock issued
by a non-U.S. Underlying Company), the term “dividend” means the dividends
paid to holders of the Underlying ADR (or the Underlying Stock issued by the non-U.S. Underlying Company), and such dividends
may reflect the netting of any applicable foreign withholding or similar taxes that may be due on dividends paid to a U.S. person.

 

The
Calculation Agents may determine not to make an adjustment if:

 

(A)        holders
of the Underlying ADR are not eligible to participate in any of the events that would otherwise require anti-dilution adjustments
as set forth above if this Security had been linked directly to the common shares of the Underlying Company represented by the
Underlying ADR; or 

 

(B)         to
the extent that the Calculation Agents determine that the Underlying Company or the depositary for the ADRs has adjusted the number
of common shares of the Underlying Company represented by each share of the Underlying ADR, so that the market price of the Underlying
ADR would not be affected by the corporate event.

 

If
the Underlying Company or the depositary for the ADRs, in the absence of any of the events described above, elects to adjust the
number of common shares of the Underlying Company represented by each share of the Underlying ADR, then the Calculation Agents
may make the appropriate anti-dilution adjustments to reflect such change. The depositary for the ADRs may also make adjustments
in respect of the ADRs for share distributions, rights distributions, cash distributions and distributions other than shares,
rights, and cash. Upon any such adjustment by the depositary, the Calculation Agents may adjust the Price Multiplier or other
terms of this Security as the Calculation Agents determine commercially reasonable to account for that event.

 

Delisting
of ADRs or Termination of ADR Facility

 

If
the Underlying Stock is an Underlying ADR and such Underlying ADR is no longer listed or admitted to trading on a U.S. securities
exchange registered under the Exchange Act or included in the OTC Bulletin Board Service operated by the Financial Industry Regulatory
Authority, Inc., or if the ADR facility between the Underlying Company and the ADR depositary is terminated for any reason, then,
on and after the date that the Underlying ADR is no longer so listed or admitted to trading or the date of such termination, as
applicable (the “termination date”), the Underlying
Stock will be deemed to be the Underlying Company’s common equity securities rather than the Underlying ADR. The Calculation
Agents will determine the price of the Underlying Stock by reference to those common shares. Under such circumstances, the Calculation
Agents may modify any terms of this Security as they deem necessary, in their sole

 

    11 

     

    

 

 discretion, to ensure an equitable result. On and after the termination date, for all
purposes, the Closing Market Price of the Underlying Company’s common shares on their primary exchange will be converted
to U.S. dollars using such exchange rate as the Calculation Agents, in their sole discretion, determine to be commercially reasonable.

 

Calculation
Agents

 

The
Calculation Agents have the sole discretion to make all determinations regarding this Security as described in this Security,
including determinations regarding the Starting Value, the Threshold Value, the Step Level, the Step Payment, the Ending Value,
the Price Multiplier, the Closing Market Price, the Redemption Amount, any Market Disruption Events, any anti-dilution adjustments,
a Successor Underlying Stock, Business Days and Trading Days. Absent manifest error, all determinations of the Calculation Agents
will be conclusive for all purposes and final and binding on the Holder hereof and the Company, without any liability on the part
of the Calculation Agents.

 

The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall
be a broker-dealer, bank or other financial institution) with respect to this Security.

 

Redemption
and Repayment

 

This
Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to April
9, 2021. This Security is not entitled to any sinking fund.

 

Acceleration

 

If
an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Redemption
Amount (calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with
the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted under the Indenture
will be equal to the Redemption Amount described under “Determination of Redemption Amount,” determined as if the
date of acceleration were the Valuation Date, plus accrued and unpaid interest to, but excluding, the date of acceleration. The
payment of the Redemption Amount of this Security may also be accelerated as set forth above under “Anti-Dilution Adjustments—Reorganization
Events.”

 

 

 

 

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 by the Trustee referred to on the reverse hereof by manual signature
or its duly authorized agent under the Indenture 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.

 

[The
remainder of this page has been left intentionally blank]

 

    12 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

 

DATED:

 

	 

	WELLS
                                         FARGO FINANCE LLC

	 

	 

	 

	 

	By:

	 

	 

	 

	 

	 

	 
	Its:

 

	 

	Attest:

	 

	 

	 

	 

	 

	 
	Its: 

 

TRUSTEE’S
CERTIFICATE OF

AUTHENTICATION

This
is one of the Securities of the

series
designated therein described

in
the within-mentioned Indenture.

 

	CITIBANK,
                                         N.A.,

	 

	as
                                         Trustee

	 

	 

	 

	 

	By:

	 

	 

	 

	Authorized
                                         Signature

	 

	 

	 

	 

	OR

	 

	 

	 

	 

	WELLS
                                         FARGO BANK, N.A.,

	 

	as
                                         Authenticating Agent for the Trustee

	 

	 

	 

	 

	By:

	 

	 

	 

	Authorized
                                         Signature

	 

  

 

    13 

     

    

[Reverse
of Note]

 

WELLS
FARGO FINANCE LLC

 

MEDIUM-TERM
NOTE, SERIES A

 

Fully
and Unconditionally Guaranteed by Wells Fargo & Company

 

STEP Income
Securities® Linked to the Common Stock of Netflix, Inc.

 

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 an indenture dated as of April 25, 2018, as amended or supplemented from time to
time (herein called the “Indenture”), among the Company, as issuer, the Guarantor and Citibank, N.A., 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 Guarantor, 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 of the Securities designated as Medium-Term
Notes, Series A, of the Company. The amount payable on the Securities of this series may be determined by reference to the performance
of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities, currencies, statistical
measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure
or may bear interest at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable
at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated
in different currencies.

 

The
Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented
by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities
issued to and registered in the names of, the beneficial owners or their nominees.

 

The
Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of
interest against a Holder of this Security.

 

Guarantee

 

The
Securities of this series are fully and unconditionally guaranteed by the Guarantor as and to the extent set forth in the Indenture.

 

    14 

     

    

 

Modification
and Waivers 

 

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 Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture
at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions
permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain
provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance
by the Company or the Guarantor with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences
may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series. Solely for the purpose of determining whether any consent,
waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given
or taken by the Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security
will be deemed to be equal to the amount set forth on the face hereof as the “Principal Amount” hereof. Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon 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.

 

Defeasance

 

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company or the Guarantor with certain conditions set forth therein, shall not apply to this Security. The remaining
provisions of Section 401 of the Indenture shall apply to this Security.

 

Authorized
Denominations

 

This
Security is issuable only in registered form without coupons in denominations of $10 or any amount in excess thereof which is
an integral multiple of $10.

 

Registration
of Transfer

 

Upon
due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis,
Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for
an equal aggregate Principal Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject
to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental
charge imposed in connection therewith.

 

This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that
it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing
agency registered under the Securities

 

    15 

     

    

 

Exchange
Act of 1934, as amended, and a successor depositary is not appointed within 90 days after the Company receives such notice
or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable
for definitive Securities in registered form and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities
represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall
be exchangeable for definitive Securities in registered form, having the same date of issuance, Stated Maturity Date and other
terms and of authorized denominations aggregating a like amount.

 

This
Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary
or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will not be entitled
to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under
the Indenture.

 

Prior
to due presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the
Company, the Guarantor 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 Guarantor, the Trustee nor any such agent shall
be affected by notice to the contrary.

 

Obligation
of the Company Absolute

 

No
reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the Redemption Amount and the Interest Payments at the times, place and rate,
and in the coin or currency, herein prescribed, except as otherwise provided in this Security.

 

No
Personal Recourse

 

No
recourse shall be had for the payment of the Redemption Amount or the Interest Payments, 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 or director, as such, past, present or future, of the Company or any successor corporation or of the Guarantor
or 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 issuance
hereof, expressly waived and released.

 

Defined
Terms

 

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

 

Governing
Law

 

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws.

 

    16 

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	TEN
                                         COM

	--

	as
                                         tenants in common

	 

	 

	 

	TEN
                                         ENT

	--

	as
                                         tenants by the entireties

	 

	 

	 

	JT
                                         TEN

	--

	as
                                         joint tenants with right

	 

	 

	of
                                         survivorship and not

	 

	 

	as
                                         tenants in common

 

	UNIF
                                         GIFT MIN ACT

	--

	 

	Custodian

	 

	 

	 

	(Cust)

	 

	(Minor)

 

Under
Uniform Gifts to Minors Act

 

	 

	 

	(State)

	 

 

Additional
abbreviations may also be used though not in the above list.

 

FOR
VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

 

Please
Insert Social Security or 

Other
Identifying Number of Assignee

 

	 

	 

	 

	 

	 

	 

	 

(Please
print or type name and address including postal zip code of Assignee)

  

    17 

     

    

the
within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and appoint __________________ attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises.

 

	Dated:

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

	 

 

NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.

 

    18

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