Document:

Exhibit 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT AGREEMENT
(this “Agreement”), dated as of _______________, 2017, (the “Effective Date”) is made and entered by and
between Legacy Education Alliance, Inc., a Nevada corporation (the “Company”), and Iain Edwards (the
“Executive”).

 

WITNESSETH:

 

WHEREAS Executive
was first engaged by the Company commencing October 1, 2002 (the “Start Date”); and

 

WHEREAS, the
Executive is currently employed as the Company’s Chief Operating Officer and is expected to make major contributions to the
short- and long-term profitability, growth and financial strength of the Company;

 

WHEREAS, the
Company has determined that appropriate arrangements should be taken to encourage the continued attention and dedication of the
Executive to his assigned duties without distraction; and

 

WHEREAS, in
consideration of the Executive’s employment with the Company, the Company desires to provide the Executive with certain compensation
and benefits as set forth in this Agreement in order to ameliorate the financial and career impact on the Executive in the event
the Executive’s employment with the Company is terminated for a reason related to, or unrelated to, a Change in Control (as
defined below) of the Company.

 

NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound
hereby, the Company and the Executive agree as follows:

 

	1.	DEFINITIONS. The definitions set out in Schedule
1 apply to this Agreement and its Schedules.

 

	2.	Employment

 

	2.1	The Company agrees to employ the Executive and the Executive agrees to be employed by the Company
on the terms of this Agreement, with effect from the Effective Date.

 

	2.2	Subject to Clause 15, the Employment will continue until the expiration of not less than six (6)
months’ prior written notice, such notice to be given by either party to the other.

 

     

     

    

 

	3.	Job Title

 

The Company employs the Executive
and the Executive serves the Company as Chief Operating Officer or in such other role of equivalent status as the Chief Executive
Officer (“CEO”) may reasonably decide.

 

	4.	Duties

 

	4.1	Subject to Clause 4.2, the Executive will during the Employment:

 

		(a)	report to the CEO or such other person(s) as the Company may, from time to time, nominate;

 

		(b)	well and faithfully serve the Company and the Group to the best of his ability, use his utmost
endeavours to promote, develop, extend and protect their interests and reputation in all respects, and at all times act in the
best interests of the Company;

 

		(c)	if requested by the CEO, serve as an executive officer of any Company subsidiary or joint venture
company and/or as a fiduciary of any Company, subsidiary or joint venture company benefit plan(s);

 

		(d)	fulfill his duty of loyalty and care to the Company and to promote the business and interests of
the Company above all others and that he will not engage, directly or indirectly, in any other business or occupation during the
term of Employment, except as expressly permitted by the Board. It is understood, however, that the foregoing will not prohibit
Executive from (i) devoting reasonable time to charitable activities and personal investment activities for himself and his family
that do not interfere materially with the performance of his duties hereunder or (ii) serving on the board(s) of any other corporate,
civic or charitable organizations so long as such service is not inconsistent with his fiduciary obligations to the Company or
otherwise conflicts with his obligations under this Agreement.

 

		(e)	comply with the rules, procedures and regulations of the Company from time to time in force;

 

		(f)	comply with all reasonable requests, instructions and directions given or made by the CEO or the
Board;

 

		(g)	promptly and fully make such reports to the CEO and the Board in connection with the affairs of
the Company or any Group Company on such matters and at such times as are reasonably required;

 

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		(h)	promptly and fully disclose to the CEO or the Board any misconduct or breach of duty on his part
(or the part of any other employee or director or officer of the Company or any Group Company) and any information that comes into
his possession which adversely affects the business or interests, or may adversely affect the business or interests, of the Company
or any Group Company, including but not limited to:

 

		(i)	the plans of the Executive, any other employee or director (whether alone or in concert with any
other person):

 

(A) to leave
the Group; or

 

(B) to directly
or indirectly enter into, or to be concerned or interested in, any trade, business or occupation other than the business of the
Group; or

 

		(ii)	the misuse or unauthorised disclosure to a third party by any employee or director of any Confidential
Information belonging to the Company or any Group Company; and

 

		(i)	owe a fiduciary duty to the Company and other Group Companies by virtue of his senior position.

 

	4.2	The Company may at any time:

 

		(a)	appoint another person or persons to act jointly with the Executive in the performance of any of
his duties and the exercise of any of his powers and functions where it is reasonable in the circumstances to do so;

 

		(b)	require the Executive to carry out such special projects or functions or duties as the Company
in its absolute discretion determines to be necessary or appropriate; and

 

		(c)	remove from the Executive any duties which he performs from time to time for the Company or any
Group Company, provided that his remaining duties are still commensurate with his job title, as specified in Clause 3.

 

	4.3.	The Executive will not, without the prior consent of the Board:

 

		(a)	incur, on behalf of the Company or a Group Company, capital expenditure in excess of such sum as
is authorised from time to time by resolution of the Board; and

 

		(b)	enter into, on behalf of the Company or a Group Company, any commitment, contract or arrangement
which is outside the normal course of business or the scope of his normal duties or of an unusual, onerous or long term nature.

 

	5.	Hours of Work

 

The nature of the Executive’s
position is such that his working time cannot be measured or pre-determined and so the Employment falls within regulation 20 of
the Regulations. Accordingly, the Executive is responsible for determining his own hours of work, providing that such hours are
consistent with the proper performance of his duties.

 

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	6.	Conduct During the Employment and Conflicts of Interest

 

		6.1	Other than Current Business Activities, the Executive will not directly or indirectly enter into,
or be concerned or interested in, any trade, business or occupation other than the business of the Group except with the prior
written consent of the Chief Executive Officer of the Company. Such consent may be given subject to any terms or conditions which
the Chief Executive Officer reasonably requires, a breach of which will be deemed to be a breach of the terms of this Agreement;
it is understood, however, that the foregoing will not prohibit Executive from (i) devoting reasonable time to charitable activities
and personal investment activities for himself and his family that do not interfere materially with the performance of his duties
hereunder or (ii) serving on the board(s) of any other corporate, civic or charitable organizations so long as such service is
not inconsistent with his fiduciary obligations to the Company.

 

		6.2	The Executive will:

 

		(a)	avoid situations; and

 

		(b)	not accept gifts in the form of benefits or otherwise from third parties;

 

that could give rise to a conflict
with the interest of the Company. The Executive will promptly notify the CEO of any current matter which does, or is likely to,
or has the potential to, create a conflict of interest between:

 

		(a)	him and the Company and/or any Group Company; or

 

		(b)	him and any client or customer of the Company and/or any Group Company.

 

The Executive will comply with
the reasonable instructions of the Company (in its absolute discretion) to eliminate or minimise such actual or potential conflict
of interests.

 

		7.	Place of Work

 

		7.1	The Executive’s normal place of work is at the Company’s principal UK office from time
to time (which is currently located in Richmond, Greater London) or such other place within the United Kingdom that the Company
may reasonably require for the proper performance of his duties.

 

	7.2	The Executive may be required to travel within the United Kingdom or abroad as necessary for the
proper performance of his duties under the Employment.

 

	8.	Salary

 

	8.1	The Salary, exclusive of bonuses, commissions and other incentive pay, is £180,003.20 gross
per annum. The Salary accrues from day to day and is payable in arrears in equal monthly instalments on or about the last day of
every month. The Salary is subject to normal deductions of tax and national Insurance, as required by law.

 

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	8.2	During this Agreement, and on its termination, the Company may deduct from the Salary, or from
any other sums owed to the Executive, any amount owed by him to the Company or any Group Company including, but not limited to,
any outstanding loans, advances, excess holiday, overpayments, and damage or loss to the Company or any Group Company which the
Company has reasonable grounds to believe has been caused by the Executive.

 

	9.	Bonus

 

	9.1	Executive shall be eligible to receive an annual non-equity incentive bonus (“Annual Incentive
Compensation”) and other long term incentive compensation, all of which are intended to comply with Section 162(m) of the
U.S. Internal Revenue Code of 1986, as amended (the “Code”), under such executive bonus plans and long term incentive
plans as may be established by the Compensation Committee of the Board [or, in the absence of a Compensation
Committee, then a committee of the Board of Directors comprised of not less than two independent directors (in either event, the
“Independent Director Committee”)] in its sole discretion from time to time, subject to the terms and conditions
of such plans. The Annual Incentive Compensation will be based on the achievement of Company and individual performance goals to
be established by the Compensation Committee, with annual target incentive bonuses of not less than 50% of the Base Annual Salary.

 

	9.2	The Compensation Committee of the Board of Director or, in the absence
of a Compensation Committee, then a committee of the Board of Directors comprised of not less than two independent directors (in
either event, the “Independent Director Committee”) may, in its discretion, require reimbursement of all or part of
any Annual Incentive Compensation or other incentive payments to Executive where: (1) the payment of such Annual Incentive Compensation
or other incentive payments to Executive was predicated upon achieving certain financial results that were subsequently the subject
of a material restatement of the Company’s audited financial statement with the need for such restatement having been confirmed
by the Company’s independent auditors; (2) the Company determines Executive engaged in gross negligence or willful misconduct
that substantially caused the need for the restatement; and (3) a lower payment would have been made to Executive based upon the
restated financial results. In each such instance, the Executive shall repay to the Company the amount by which the Executive's
Annual Incentive Compensation or other incentive payments for the relevant period exceeded the lower payments that would have been
made based on the restated financial results; provided, however, that the Executive shall not be required to repay any Annual Incentive
Compensation or other incentive payments, or portion thereof, pursuant to this paragraph if such payments relate to accounting
periods occurring two (2) years (or such longer time period as may be required by law) or more prior to the restatement. Before
the Compensation Committee determines whether Executive engaged in gross negligence or willful misconduct that caused or substantially
caused the need for the substantial restatement, it shall provide to Executive written notice and the opportunity to be heard,
at a meeting of the Independent Director Committee (which may be in-person or telephonic, as determined by the Independent Director
Committee).

 

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	9.3	Any bonus payment or award is non-pensionable.

 

	10.	PENSION

 

The
Company will comply with the employer pension duties in accordance with Part 1 of the Pensions Act 2008.

 

	11.	Insurance Benefits

 

	11.1	The Executive is entitled to participate in the Company’s life assurance scheme, group income
protection insurance scheme and in the private medical insurance scheme subject to the further provisions of this Clause11.

 

	11.2	The Executive’s participation in any such insurance scheme is subject to:

 

		(a)	the prevailing rules of the scheme as amended from time to time;

 

		(b)	the prevailing rules or insurance policy of the relevant insurance provider, as amended from time
to time; and

 

		(c)	the Executive and his spouse or civil partner and his dependent children satisfying the normal
underwriting requirements of the relevant insurance provider and being accepted at standard rates of premium.

 

	11.3	The Company is not liable to provide or pay any benefit to the Executive (or any family member)
under any insurance scheme specified in Clause 11.1 unless it has received payment of the benefit in full from the insurer
under the relevant scheme. This applies regardless of the reasons why the insurer has not made full payment of any benefit. In
such circumstances the Company is not required to pay any compensation in lieu of such benefit or to make alternative arrangements
for benefit in kind.

 

	11.4	The Company is not required to take any steps to obtain the benefit of any insurance scheme specified
in Clause 11.1 (including but not limited to commencing any legal or other proceedings against the insurer) if the relevant
insurer refuses for whatever reason to pay or provide or to continue to pay or provide that benefit to the Executive (or family
member).

 

	11.5	The Company may, in its absolute discretion and at any time, amend or discontinue any benefit or
insurance scheme referred to in Clause 11.1 above, and may change the provider of such benefits; and in such event the Company
shall not be liable to provide equivalent benefits or insurance or to pay compensation in lieu of them. This includes, without
limitation, the right to amend:

 

		(a)	the level or period of benefits;

 

		(b)	any conditions to which the benefits are subject; and

 

		(c)	any excess payments.

 

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	11.6	In lieu of participation by Executive in any insurance scheme available under Clause 11.1, Executive
may elect to receive reimbursement from the Company for family health plan premium payments by Executive to BUPA in an amount not
to exceed £314.74 per calendar month or £3,776.88.74 per calendar year.

 

	11.7	Nothing in this Clause 11:

 

		(a)	gives rise to any express or implied limitation on the ability of the Company to terminate this
Agreement at any time; or

 

		(b)	gives the Executive any right to the continuation of any existing benefits or any right to prospective
benefits following termination of the Employment.

 

	12.	Expenses

 

The Company will reimburse
(or procure the reimbursement of) all reasonable expenses wholly, exclusively and necessarily incurred by the Executive in the
performance of his duties under this Agreement on production of appropriate vouchers or receipts and in accordance with the Company’s
expenses policy, including, but not limited to, (a) mobile phone package, including international calls (currently £110 per
month), and (b) air travel at business class for international flights and domestic flights of more than three (3) hours scheduled
flight time.

 

	13.	Holiday

 

	13.1	In addition to the usual English public and bank holidays, the Executive is entitled to 25 working
days’ paid holiday in each calendar year to be taken at times convenient to the Company. During the first and last calendar
years of the Employment the Executive is entitled to a pro rata proportion of his annual holiday entitlement rounded up to the
nearest whole day.

 

	13.2	The Executive may not carry over accrued but untaken holiday entitlement from one calendar year
to the next. Holiday not taken during the relevant calendar year will be forfeited.

 

	13.3	On termination of the Employment, the Executive will be paid in lieu of accrued but untaken holiday.
The amount of the payment in lieu is calculated on the basis that each day of paid holiday is equivalent to 1/260th of the Salary.
If the Executive has taken more days’ paid holiday than his accrued entitlement, the Company may deduct the appropriate amount
for such excess holiday from any payments due to the Executive. For this purpose each day of paid holiday is calculated on the
basis that it is equivalent to 1/260th of the Salary.

 

	13.4	The Company may require the Executive to use any accrued but untaken holiday during his notice
period, whether or not the Company has exercised its rights to put the Executive on Garden Leave.

 

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	13.5	Holiday entitlement will not accrue during any period during which the Executive is absent from
work for more than three consecutive months, save to the extent that the Executive has a statutory right to holiday accrual under
the Regulations.

 

	14.	Incapacity

 

	14.1	Subject to the Executive’s compliance with the Company’s sickness absence policy, the
Executive will continue to receive his contractual benefits and be paid his full Salary during any period of absence from work
due to illness, accident or other incapacity, up to a maximum aggregate period of 30 working days in either:

 

		(a)	any rolling 12 month period; or

 

		(b)	if the absence is longer than 12 months, any single period of absence. Two or more periods of absence
will be deemed to be a single period of absence unless the Executive has returned to his duties under the Employment full-time
for at least 8 consecutive weeks between absences (excluding other absences).

 

		(c)	Such payment is inclusive of any statutory sick pay to which he may be entitled. The Company may
deduct from such payments the amount of any social security benefits that the Executive receives or may be entitled to receive
and any sums due to the Executive under any group income protection insurance policy.

 

	14.2	For statutory sick pay purposes, the Executive’s working days will be Monday to Friday.

 

	14.3	If required by the Company, the Executive agrees that he will undergo a medical examination by
a doctor appointed by the Company at any time. Any such medical examination is at the Company’s expense. The Executive agrees
that any report produced in connection with any such examination may be disclosed to the Company and the Company may discuss the
contents of the report with the relevant doctor. The Executive further agrees that he will co-operate with the Company’s
reasonable requests to permit his own GP or other medical consultant to disclose his medical records, and to discuss his medical
prognosis with the Company’s nominated doctor.

 

	15.	Termination of Employment

 

	15.1	The Company may terminate the Employment summarily and without notice or pay in lieu of notice
(“Termination for Cause”) in the event that the Executive:

 

		(a)	any intentional breach of Executive's fiduciary duty to the Company, including but not limited
to fraud, dishonesty, embezzlement, and failure to follow lawful directions of the CEO or the Board of Directors;

 

		(b)	Executive's material breach of this Agreement;

 

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		(c)	Executive's gross negligence or willful misconduct in the performance of his duties that materially
adversely affects the Company;

 

		(d)	any material violation by Executive of the Company’s non-discrimination, non-harassment,
or non-retaliation policies or procedures as may be established by the Company from time to time;

 

		(e)	conviction of, or a plea to, a felony (including a plea of nolo contendere);

 

		(f)	Executive's continued failure to perform in any material respect his duties to the Company as specifically
directed by the CEO or the Board;

 

provided, however, that (i)
the Company shall give Executive notice of any circumstances described in (b) or (f) above, which notice shall describe such circumstances
in reasonable detail, and (ii) no for grounds for Termination for Cause shall be deemed to exist thereunder if Executive shall
remedy or cure the relevant circumstances within 20 days from his receipt of such notice. Termination for Cause under clause (ii)
or (vii) shall be effective immediately following expiration of the 20-day cure period as aforesaid; provided Executive has not
previously cured the event of Cause.

 

	15.2	Any delay by the Company in exercising any right of termination under Clause 15.1 does not
constitute a waiver of such right.

 

	15.3	Subject to Clause 15.4 the Company may also terminate the Employment at any time with immediate
effect on the date that it notifies the Executive that it is exercising its right under this Clause 15.3 (“the Notification
Date”). The Company will pay within 28 days following the Notification Date a sum in lieu of all (or any unexpired part)
of his notice to the Executive (“the Notice Compensation”). The Notice Compensation shall be calculated as a
sum that is equal to the Salary that the Executive would have been entitled to receive under this Agreement during the unexpired
part of his applicable notice period; provided however, that if the Employment is terminated pursuant to this Clause 15.4 during
the 18 month period immediately following a Change in Control, the Notice Compensation shall be doubled. If notice has already
been given, the Notice Compensation will be calculated based on that portion of the notice period that has not been worked out.
For the avoidance of doubt the Notice Compensation does not include:

 

		(a)	any bonus or commission payments that might otherwise have been due; or

 

		(b)	any payment in respect of any holiday entitlement or other benefits that would have accrued during
the notice period;

 

during the period
for which the Notice Compensation is paid.

 

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	15.4	If, having exercised its rights under Clause 15.3, the Company becomes aware of any facts
or matters that would have entitled it to dismiss the Executive summarily without notice or pay in lieu of notice, the Company
may, by notifying the Executive in writing, require him to repay the Sum immediately to the Company. The Executive agrees that
the Sum is recoverable by the Company as a debt, and that the Company is released from any continuing obligations under this Agreement
but that the remainder of the Agreement remains in force. The “Sum” means a sum equivalent to the Notice Compensation.

 

	15.5	The Company may, at its discretion, pay the Notice Compensation due under Clause 15.3 in equal
monthly instalments until the end of the period in respect of which the Notice Compensation relates.

 

	15.6	The Executive has no right to receive Notice Compensation unless the Company has exercised its
discretion under Clause 15.3 and has so notified him in writing.

 

	15.7	Nothing in Clause 15.3 prevents the Company from terminating the Employment in breach of this
Agreement and from requiring the Executive to take steps to mitigate his loss.

 

	15.8	Subject to Clause 15.4 the Executive may terminate the Employment
with immediate effect upon a material breach by the Company of this Agreement (including, but not limited to, any material diminution
in the scope of the Executive’s duties or a reduction in the Salary payable hereunder) on the date that it notifies the Company
that it is exercising its right under this Clause 15.8 (“the Notification Date”). The Company will pay
within 28 days following the Notification Date a sum in lieu of all (or any unexpired part) of Executive’s notice to the
Executive (“the Notice Compensation”). The Notice Compensation shall be calculated as a sum that is equal to
the Salary that the Executive would have been entitled to receive under this Agreement during the unexpired part of his applicable
notice period; provided however, that if the Employment is terminated pursuant to this Clause 15.8 during the 18 month period immediately
following a Change in Control, the Notice Compensation shall be doubled. If notice has already been given, the Notice Compensation
will be calculated based on that portion of the notice period that has not been worked out. For the avoidance of doubt the Notice
Compensation does not include:

 

		(a)	any bonus or commission payments that might otherwise have been due; or

 

		(b)	any payment in respect of any holiday entitlement or other benefits that would have accrued during
the notice period;

 

during the period
for which the Notice Compensation is paid.

 

If there is a material breach
of this Agreement by the Company, Executive shall, within 30 days following his knowledge of such breach, deliver written notice
to the Company, which notice shall specify such material breach. No material breach shall be deemed to exist if the Company shall
remedy or cure the relevant circumstances within 20 days of its receipt of such notice.

 

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	15.9	Sums that are payable under Clauses 15.3, 15.5 or 15.8 that are not timely paid shall accrue interest
at the lesser of the English statutory rate or 8% per annum. In addition, in any action or proceeding to collect such sums, the
obligation to pay attorney’s fees shall be governed by the English Rule (i.e., loser pays).

 

	16.	Garden Leave

 

	16.1	Where notice of termination has been served by either party (whether in accordance with Clause 2.2
or otherwise) or if the Executive purports to terminate the Agreement without notice, the Company is under no obligation to provide
work for or assign any duties to the Executive for the whole or any part of the relevant notice period.

 

	16.2	During part or all of any period of Garden Leave the Company may require the Executive:

 

		(a)	not to attend any premises of the Company or any other Group Company;

 

		(b)	to perform none, or part (but not all), of his normal duties, or to undertake other duties or projects
commensurate with his status;

 

		(c)	save in any ordinary social context, to refrain from contacting or dealing with (or attempting
to contact or deal with) any officer, executive, consultant, client, customer, supplier, agent, distributor, shareholder, adviser
or other business contact of the Company or any other Group Company; and

 

		(d)	except for any periods taken as holiday, in accordance with the Company’s usual procedures
or in accordance with Clause 13.4, to remain reasonably available in case the Company wishes him to undertake some work or
to provide information about the business of the Company or any Group Company which is in his knowledge or under his control.

 

	16.3	During Garden Leave the Executive:

 

		(a)	remains in employment and continues to be bound by all obligations owed to the Company and any
Group Company under this Agreement, including without limitation his obligations under Clause 6 and his duties of good
faith, fidelity and reasonable co-operation; and

 

		(b)	continues to receive the Salary and other benefits to which he is entitled under this Agreement
except for any bonus or commission payments.

 

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	17.	Termination by Reconstruction or Amalgamation

 

	17.1	If the Employment terminates:

 

		(a)	by reason of the liquidation of the Company for the purposes of amalgamation or reconstruction;
or

 

		(b)	as part of any arrangement for the amalgamation of the undertaking of the Company not involving
liquidation; or

 

		(c)	as part of any arrangement for the transfer of the whole or part of the undertaking of the Company
to any other Group Company,

 

and the Executive is offered
employment with any concern or undertaking resulting from such amalgamation, reconstruction or transfer, on terms generally not
less favourable than the terms of this Agreement, the Executive will have no claim against the Company in respect of the termination
of his employment by the Company by reason of any of the events specified in this Clause 17.

 

	17.2	`The Executive consents to the transfer of his employment under this Agreement to any other Group
Company at any time during the Employment.

 

	18.	Executive’s Obligations On Termination

 

	18.1	On the termination of the Employment however arising or, if earlier, at any time after the start
of a period of Garden Leave, the Executive will (if so requested by the Company or any Group Company):

 

		(a)	subject to Clause 18.2, immediately deliver to the Company all documents, books, materials,
records, correspondence, papers and information (on whatever information storage media and wherever located) and any other property
relating to the affairs or business of or belonging to the Company or any Group Company which is in his possession or under his
control;

 

		(b)	irretrievably delete any information relating to the affairs and business of or belonging to the
Company or any Group Company stored on any magnetic or optical disk or memory belonging to him and all matter derived from such
sources which is in his possession or under his control outside the premises of the Company or any Group Company;

 

		(c)	immediately deliver to the Company all passwords and encryption codes which he has used in relation
to any document produced or processed by him or in respect of any equipment belonging to the Company or any Group Company; and

 

		(d)	provide a signed statement that he has complied fully with his obligations under this Clause 18.1.

 

	18.2	If the Executive is on Garden Leave he is not required under Clause 18.1 to return any property
provided to him as a contractual benefit until the end of the Garden Leave.

 

	18.3	The Company may withhold any sums owing to the Executive on the termination of the Employment until
the obligations in Clause 18.1 have been complied with and if he does not comply with Clause 18.1, he will be required
to account to the Company for any resulting losses or the whereabouts of any missing documents, information storage devices or
other property belonging to the Group.

 

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	19.	Intellectual Property Rights

 

	19.1	The Executive acknowledges that all Employment IPRs, Employment Inventions and all materials embodying
them will automatically belong to the Company to the fullest extent permitted by law. To the extent that they do not vest in the
Company automatically, and subject to Clause 19.2, the Executive holds them on trust for the Company.

 

	19.2	To the extent that legal title in any Employment IPRs or Employment Inventions does not vest in
the Company by virtue of Clause 19.1, the Executive agrees, immediately upon creation of such rights and inventions, to enter
into a written agreement with the Company to assign to the Company for the consideration of £1 (one pound) all the Employment
IPRs and rights in any Employment Inventions.

 

	19.3	The Executive agrees:

 

		(a)	to give the Company full written details of all Employment Inventions which relate to or are capable
of being used in the business of the Company promptly on their creation;

 

		(b)	at the Company's request and in any event on the termination of the Employment, to give to the
Company all originals and copies of correspondence, documents, papers, prototypes, samples and records on all media which record
or relate to any of the Employment IPRs;

 

		(c)	not to attempt to register any Employment IPR or patent any Employment Invention unless requested
to do so by the Company;

 

		(d)	to keep confidential each Employment Invention unless the Company has consented in writing to its
disclosure by the Executive;

 

		(e)	to notify the Company prior to engaging in any form of co-operation with any third party in connection
with the performance of the Executive’s duties which might result in the creation of Employment IPRs or Employment Inventions.

 

	19.4	The Executive waives all his present and future moral rights which arise under the Copyright Designs
and Patents Act 1988, and all similar rights in other jurisdictions relating to any copyright which forms part of the Employment
IPRs, and agrees not to support, maintain nor permit any claim for infringement of moral rights in such copyright works.

 

	19.5	The Executive acknowledges that, except as provided by law, no further remuneration or compensation
other than that provided for in this Agreement is or may become due to the Executive in respect of his compliance with this Clause.
This Clause is without prejudice to the Executive’s rights under the Patents Act 1977.

 

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	19.6	The Executive undertakes to use his best endeavours to execute all documents and do all acts both
during and after the Employment as may, in the opinion of the Company, be necessary or desirable to vest the Employment IPRs in
the Company, to register them in the name of the Company and to protect and maintain the Employment IPRs and the Employment Inventions.
Such documents may, at the Company's request, include waivers of all and any statutory moral rights relating to any copyright works
which form part of the Employment IPRs. The Company agrees to reimburse the Executive's reasonable expenses of complying with this
Clause 19.6.

 

	19.7	The Executive agrees (without receiving payment) to give all necessary assistance to the Company
at the Company’s expense to enable it to enforce its Intellectual Property Rights against third parties, to defend claims
for infringement of third party Intellectual Property Rights and to apply for registration of Intellectual Property Rights, where
appropriate throughout the world, and for the full term of those rights.

 

	19.8	The Executive irrevocably appoints the Company to be his attorney to execute and do any such instrument
or thing and generally to use his name for the purpose of giving the Company or its nominee the benefit of this Clause 19.
A certificate in writing signed by a director or the secretary of the Company that any instrument or act falls within the authority
conferred by this Clause 19 will be conclusive evidence in favour of a third party that such is the case.

 

	19.9	Rights and obligations under this Clause 19 will continue in force after termination
of this Agreement in respect of Intellectual Property Rights which arise during the Executive’s employment under this Agreement
and will be binding upon his representatives.

 

	20.	Confidentiality and Post-employment Restrictions

 

	20.1	The Executive acknowledges that in the course of the Employment he has had and will have (a) access
to Confidential Information belonging to or relating to the Group, and (b) dealings with the Restricted Customers, Restricted Prospective
Customers, Suppliers, and Key Employees of the Group, which he recognises are valuable assets or interests of the Group which need
to be protected. The Executive has therefore agreed to accept the restrictions referred to in this Clause 20.

 

	20.2	During the Employment and at any time after its termination, however arising, without limitation
the Executive:

 

		(a)	will not, except in the proper course of his duties, directly or indirectly use or disclose Confidential
Information to any person, company or other organisation; and

 

		(b)	will use his best endeavours to prevent the unauthorised publication or disclosure of any Confidential
Information by third parties.

 

    	 	14	 

     

    

 

	20.3	Clause 20.2 does not apply to:

 

		(a)	any use or disclosure authorised by the Board or required by law;

 

		(b)	any information which is already in or comes into the public domain other than through the unauthorised
disclosure by any person (including the Executive); and

 

		(c)	any protected disclosure within the meaning of section 43A of the Employment Rights Act 1996.

 

	20.4	In the event of termination of this Agreement the Executive agrees to be bound by the restrictive
covenants set out in Schedule 2.

 

	21.	Data Protection

 

	21.1	The Executive consents to the Company holding and otherwise processing personal data and sensitive
personal data relating to him including disclosing such data to third parties, both electronically and manually, for the purposes
of:

 

		(a)	the Company’s and any Group Company’s administration and management of its or their
employees and business;

 

		(b)	compliance with any applicable procedures, laws and regulations; or

 

		(c)	giving personal data about the Executive in confidence to a prospective buyer of all or part of
the shares or business of the Group in which the Executive is materially employed or engaged for the purpose of enabling such prospective
buyer to carry out its pre-sale due diligence.

 

	21.2	The Executive also consents to the transfer, storage and other processing (both electronically
and manually) by the Company and any Group Company of any such data outside the European Economic Area (and in particular, but
without limitation, to and in the United States and any other country in which the Company or any Group Company operates).

 

	22.	Use of Equipment

 

The Executive will comply with
the Company’s policies in force from time to time regarding use of equipment provided to him, including without limitation
any telephone or computer. The Executive consents to the Company and any Group Company intercepting, accessing, monitoring and/or
recording e-mail, internet and/or telephone communications made and/or transmitted by him or to him using any such equipment.

 

	23.	Disciplinary and Grievance procedures

 

	23.1	No contractual disciplinary or grievance procedures apply to the Employment. However the Company’s
disciplinary rules are applicable to the Executive.

 

    	 	15	 

     

    

 

	23.2	Any disciplinary matters affecting the Executive will be dealt with by the CEO of the Company or
his nominee. The Executive may appeal against any disciplinary decision in writing to the Board, whose decision is final, subject
to Clause 23.5.

 

	23.3	If the Executive wishes to raise a grievance, he should first discuss the matter with the CEO of
the Company. If the matter is not then settled he may submit his grievance to the Board in writing, whose decision on such grievance
will be final.

 

	23.4	The Company may at any time suspend the Executive for a reasonable period for the purposes of investigating
the substance of any potential disciplinary matter involving the Executive and holding a disciplinary hearing. During any period
of suspension the Executive will continue to receive the Salary and contractual benefits.

 

	23.5.	In a case where the Executive has alleged an unfair dismissal, and the Executive is dissatisfied
with the resolution of the matter under Clauses 23.2 or 23.3, the parties hereby agree to submit the dispute concerning the alleged
unfair dismissal to arbitration in accordance with the Acas Arbitration Scheme having effect by virtue of the Acas Arbitration
Scheme (Great Britain) 2004 (S.I. 2004 No 753).

 

	24.4	Notices

 

	24.1	Communications under this Agreement shall be in English in writing and delivered by hand or sent
by recorded delivery post to the relevant party at the addresses set out at the beginning of this Agreement, or to such other addresses
as may be notified.

 

	24.2	Without evidence of earlier receipt, communications complying with Clause 24.1 are deemed
received:

 

		(a)	if delivered by hand, at the time of delivery; or

 

		(b)	if sent by recorded delivery post, at 9.00am on the second Business Day after posting,

 

except
that if deemed receipt would occur before 9.00am on a Business Day, it shall instead be deemed to occur at 9.00am on that day and
if deemed receipt would occur after 5.00pm on a Business Day, or on a day which is not a Business Day, it shall instead be deemed
to occur at 9.00am on the next Business Day. References in this Clause to a time of day are to the time of day at the location
of the recipient.24.3In proving the giving of a communication, it shall be shall be sufficient to prove that delivery was made
to the appropriate address, or the communication was properly addressed and posted by prepaid recorded delivery post as specified
pursuant to Clause 24.1.

 

	24.4	If a person for whose attention communications must be marked or copied has been specified pursuant
to Clause 24.1, a communication will be effective only if it is marked for that person’s attention or copied to that
person (as the case may be).

 

    	 	16	 

     

    

 

	24.5	This Clause does not apply to the service of any document required to be served in relation to
legal proceedings.

 

	24.6	For the purpose this Clause a “Business Day” means a day on which the clearing
banks in the City of London are open for business and “close of business” means 18.00 hours.

 

	25.	Third party rights

 

	25.1	Save for any Group Company, the parties do not intend any third party to have the right to enforce
any provision of this Agreement under the Contracts (Rights of Third Parties) Act 1999.

 

	25.2	The parties may terminate or vary this Agreement without the consent of any third party.

 

	26.	Entire agreement

 

	26.1	This Agreement is the entire agreement between the parties, and replaces all previous agreements
and understandings between them, in relation to the employment of the Executive by the Company. These are deemed to have been terminated
by mutual consent as from the date of this Agreement. The Executive acknowledges that he has no outstanding claims of any kind
against the Company or any other Group Company in respect of any such agreement, arrangement or understanding.

 

	26.2	The Executive agrees that no representations, warranties, undertakings or promises have been expressly
or impliedly given in respect of the Executive’s employment by the Company, other than those which are expressly stated in
this Agreement.

 

	26.3	The Executive agrees that he is not entering into this Agreement in reliance on any representation,
warranty, undertaking or promise not contained in this Agreement.

 

	27.	General

 

	27.1	There are no collective agreements directly affecting the terms and conditions of the Employment.

 

	27.2	No variation of this Agreement shall be effective unless it is in writing and signed by or on behalf
of the Company.

 

	27.3	The expiration or determination of this Agreement will not affect those terms which are expressed
to operate or have effect after its termination and will be without prejudice to any right of action already accrued to either
party in respect of a breach of this Agreement by the other party.

 

    	 	17	 

     

    

 

	27.4	The Executive will provide a copy of this Agreement (with all remuneration details deleted should
he so wish) to any prospective new employer prior to entering into a contract of employment with such prospective new employer.

 

	27.5	The headings in this Agreement are for ease of reference only and are to be ignored when interpreting
this Agreement.

 

	27.6	A reference to a Clause or Schedule is to a clause of or schedule to this Agreement and any reference
to this Agreement includes its Schedules.

 

	27.7	A reference to a statute or a statutory provision includes a reference to:

 

		(a)	any statutory amendment, consolidation or re-enactment of it to the extent in force from time to
time;

 

		(b)	all orders, regulations, instruments or other subordinate legislation (as defined in section 21(1)
of the Interpretation Act 1978) made under it to the extent in force from time to time; and

 

		(c)	any statute or statutory provision of which it is an amendment, consolidation or re-enactment.

 

	27.8	Words denoting the singular include the plural and vice versa and words denoting any gender
include all genders.

 

	28.	Governing Law and jurisdiction

 

	28.1	This Agreement and any non-contractual obligations arising in connection with it are governed by
and construed in accordance with the laws of England.

 

	28.2	The English courts have exclusive jurisdiction to determine any dispute arising in connection with
this Agreement, including disputes relating to any non-contractual matters.

 

Executed and delivered as a Deed by
the Executive and executed as an Agreement under hand by the Company on the date set out above.

 

    	 	18	 

     

    

 

	
        Signed as a deed by

        in the presence of
	
        )

        )
	 
	 	 	 
	Name of witness:	 	 
	 	 	 
	Signature of witness:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	Occupation:	 	 
	 	 	 
	
        Signed as a deed by Anthony C Humpage, A director, for and on
        behalf of Legacy Education Alliance, Inc.

        In the presence of.
	
        )

        )

        )
	 
	 	 	 
	Name of witness:	 	 
	 	 	 
	Signature of witness:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	Occupation:	 	 

 

    	 	19	 

     

    

 

Schedule 1

Definitions

 

	“Board” 	The board of directors of the Company (or any director or committee of directors authorised by the Board) from time to time
	“Capacity”	
        acting:

         

        directly or indirectly, either alone or
        jointly, with or on behalf of any person, undertaking or organisation; and as principal, partner, manager, employee, contractor,
        director, consultant, investor, holder of shares or securities, or otherwise, (but excluding the ownership for investment purposes
        only of not more than 3% of the issued ordinary shares of a company whose shares are listed on any Recognised Investment Exchange)

	“CEO”	the Chief Executive Officer of the Company or any successor entity upon a Change in Control
	“Change in Control”	As defined in the Legacy Education Alliance, Inc. Incentive Plan approved by Company stockholders on July 16, 2015.
	“Companies Act” 	The Companies Act 2006
	
        “Confidential Information”

         
	
        Any trade secret or other information of a confidential nature
        belonging to or relating to the Company and/or any Group Company in whatever form (including, without limitation, in written, oral,
        visual or electronic form or on any magnetic or optical disk or memory and wherever located) including but not limited to:

         

        ·    past,
        present and future business plans and strategy

         

 

    	 	20	 

     

    

 

	 	
        ·    present
        and future marketing and sales plans and strategy

         

        ·    past
        or present or proposed business dealings

         

        ·    financial
        plans and projections

         

        ·    past
        financial performance

         

        ·    research
        and development projects, plans

         

        ·    research
        and development projects, plans and studies

         

        ·    proposed
        new products or services, or refinements to existing products or services

         

        ·    formulae,
        production processes, secret processes and new working methods

         

        ·    market
        research and analysis

         

        ·    customer
        requirements and contract details

         

        ·    contact
        details of business contacts, including but not limited to Restricted Customers and Restricted Prospective Customers, 

         

        ·    supplier
        sources and terms of business

         

        ·    any
        information which is marked “confidential” or with a cognate expression, or which the Executive has been told is confidential

         

        ·    any
        information which the Executive would reasonably expect that the Company or any Group Company would regard as confidential

         

 

    	 	21	 

     

    

 

	 	
        ·    any
        information given to the Company or any Group Company in confidence by a third party; 

         

        that the Executive created, developed, received, obtained or
        became aware of in connection with and/or during the Employment

	
        "Current Business Activities” 
	[Attach list of current business activities.]
	“Employment” 	The employment of the Executive under this Agreement
	“Employment Inventions”	Any Invention which is made wholly or partially by the Executive at any time during the course of the Employment (whether or not during working hours or using the Company premises or resources, and whether or not recorded in material form)
	“Employment IPRs”	Intellectual Property Rights created wholly or partially by the Executive in the course of the Employment (whether or not during working hours or using the Company premises or resources)
	“Garden Leave” 	Any period during which the Company exercises its rights under Clause 16.1
	“Group Company” 	Any Holding Company of the Company and/or any Subsidiary of the Company or of any such Holding Company, from time to time, and their successors in title and assigns
	“Group” 	The
Company and all Group Companies
	“Holding Company” 	A parent undertaking as defined in section 1162 of the Companies Act 2006

 

    	 	22	 

     

    

 

	“Intellectual Property Rights” 	Patents, rights to Inventions, copyright and related rights, trade marks, trade names and domain names, rights in get-up, rights in goodwill or to sue for passing off, unfair competition rights, rights in designs, rights in computer software, database rights, topography rights, rights in Confidential Information and any other intellectual or industrial property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for, and renewals or extensions of, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world
	“Invention”	Any invention, idea, discovery, development, improvement or innovation, whether or not patentable or capable of registration, and whether or not recorded in any medium
	“Key Employee”	An employee, officer, contractor or consultant of the Company or any  Group Company as at the Termination Date who has senior managerial, executive or senior technical status within the Company or any Group Company or is employed in a role which has significant client facing sales or support responsibilities; or who could materially damage the interests of the Company [or any Group Company] if they were involved in any Capacity in any business concern which competes with the Restricted Services and with whom the Executive had material dealings at any time during the 12 month period immediately preceding the Termination Date or placement on Garden Leave (if earlier).
	“Recognised Investment Exchange”	Has the same meaning as in section 285 of the Financial Services and Markets Act 2000 (as amended from time to time)

 

    	 	23	 

     

    

 

	“Restricted Customer”	Any person, undertaking or organisation who or which was a customer or client of the Company or any Relevant Group Company; and with whom or which the Executive had material dealings at any time during the 12 month period immediately preceding the Termination Date or placement on Garden Leave (if earlier).
	“Restricted Period”	the period of 12 months from the Termination Date
	“Restricted Prospective Customer”	Any person, undertaking or organisation who or which is or has been conducting discussions or negotiations with a view to becoming a customer or client of the Company or any Relevant Group Company at any time during the 12 month period immediately preceding the Termination Date  or placement on Garden Leave (if earlier).; and where such discussions or negotiations are directly with the Executive, or otherwise where the Executive has material knowledge of such discussions or negotiations
	“Restricted Services”	
        the business or services of the Company
        or any Group Company in or with which the Executive was materially involved or concerned or about which he had access to highly
        Confidential Information as a result of the Employment at any time during the 12 month period immediately preceding the Termination
        Date or placement on Garden Leave (if earlier).

         

	“Salary” 	The salary of the Executive referred to at Clause 8.1 as varied from time to time

 

    	 	24	 

     

    

 

	“Subsidiary” 	A subsidiary undertaking as defined in section 1162 of the Companies Act 2006
	
        “Supplier”

         
	Any person, undertaking or organisation who or which was a supplier of goods or services (excluding utilities, and goods and services supplied for administrative purposes) to the Company or any Relevant Group Company at any time during the period of 12 months immediately preceding the Termination Date  or placement on Garden Leave (if earlier); and with whom the Executive has had material dealings during that time
	
        “Termination Date”

         
	the date of termination of the Employment, howsoever arising.

 

    	 	25	 

     

    

 

Schedule 2

Restrictive Covenants

 

In order to protect the Confidential Information,
business connections and workforce stability of the Company [and each Group Company] to which he has access as a result of the
Employment, the Executive covenants with the Company (for itself and as trustee and agent for each Group Company) that he shall
comply with the restrictions in this Schedule upon Termination, however caused.

 

	1.	Non-competition

 

	1.1	The Executive will not, in any Capacity,
                                         at any time during the Restricted Period, be

 

	(a)	employed;

 

	(b)	engaged;

 

	(c)	concerned;

 

	(d)	interested in, or

 

	(e)	provide services to

 

any business
which is (or intends to be) the same as, or similar to, or in competition with the Restricted Services.

 

	1.2	Nothing in this Paragraph 1 prevents
                                         the Executive from: engaging or being concerned or interested in any such business, if
                                         he is engaged, concerned or interested in a part of it that does not compete with the
                                         Restricted Services and in a role in which he is not required or requested to perform
                                         any duties the same or similar to those he undertook for the Company [or Group Company]
                                         during the 12 months prior to Termination (or placement on Garden Leave if earlier).or
                                         to give advice in competition with the Restricted Services or be required or requested
                                         to utilise any Confidential Information.

 

	2.	NON-dealing
                                         with Customers or prospective customers

 

	2.1	The Executive will not, in any Capacity,
                                         at any time during the Restricted Period in competition with the Company or any Relevant
                                         Group Company in relation to the Restricted Services:

 

		(a)	deal with;

 

    	 	26	 

     

    

 

		(b)	perform any services to or
                                         for;

 

		(c)	supply goods to;

 

		(d)	facilitate or assist a third
                                         party to deal with,

 

any Restricted Customer or
Restricted Prospective Customer.

 

	3.	Non-solicitation
                                         of customers or prospective customers

 

	3.1	The Executive will not, in any Capacity,
                                         at any time during the Restricted Period in competition with the Company or any Relevant
                                         Group Company in relation to the Restricted Services:

 

		(a)	canvass; or

 

		(b)	solicit or approach; or

 

		(c)	seek to canvass; or

 

		(d)	seek to solicit or approach;
                                         or

 

		(e)	facilitate or assist a third
                                         party to canvass, solicit or approach

 

any Restricted Customer or
Restricted Prospective Customer.

 

	4.	Non-dealing
                                         with any supplier

 

	4.1	The Executive will not, in any Capacity,
                                         at any time during the Restricted Period and in connection with the Restricted Services:

 

		(a)	deal with any Supplier;

 

		(b)	interfere or seek to interfere
                                         with the arrangements the Company or any Relevant Group Company has with any Supplier;

 

		(c)	persuade or seek to persuade
                                         any Supplier to stop supplying or to reduce its supplies to the Company or any Relevant
                                         Group Company; or

 

		(d)	facilitate or assist a third
                                         party to deal with, interfere or seek to interfere with the arrangement the Company or
                                         an Relevant Group Company has with any Supplier, or persuade or seek to persuade any
                                         Supplier to stop supplying or reduce its supplies to, the Company or any Relevant Group
                                         Company.

 

    	 	27	 

     

    

 

	5.	nOn-poaching
                                         of key employees

 

	5.1	The Executive will not, in any Capacity,
                                         at any time during the Restricted Period:

 

		(a)	solicit or entice, or seek
                                         to solicit or entice, away from the employment of the Company or any Group Company;

 

		(b)	offer to employ or engage;

 

		(c)	employ or engage; or

 

		(d)	induce the breach of contract
                                         of employment of

 

		(e)	any Key Employee (in the case
                                         of (a) to (c) above whether or not such person would commit a breach of his contract
                                         of employment).

 

	6.	miscellaneous
                                         provisions

 

	6.1	The Executive agrees that:

 

		(a)	he has taken legal advice in
                                         relation to the restrictions contained in paragraphs 1 to paragraph 5 above
                                         and has been advised that they are reasonable in the circumstances;

 

		(b)	each of the provisions contained
                                         in paragraphs 1 to paragraph 5 above constitutes an entirely separate,
                                         severable and independent covenant and restriction on him;

 

		(c)	the duration, extent and application
                                         of each of the restrictions contained in paragraphs 1 to paragraph 5 above
                                         is no greater than is necessary for the protection of the goodwill and trade connections
                                         of the Group;

 

		(d)	the restrictions imposed on
                                         him in this Schedule 2 apply to him acting (a) directly or indirectly and/or (b) on his
                                         own behalf or on behalf of, or in conjunction with, any firm, company or person.

 

		(e )	if a restriction on him contained
                                         in paragraphs 1 to paragraph 5 above is found void but would be valid
                                         if some part of it were deleted, the restriction will apply with such deletion as may
                                         be necessary to make it valid and effective; and

 

		(f)	the
                                         provisions of this Schedule are given for the benefit of the Company and each Group Company
                                         and may be enforced by the Company on behalf of all or any of them. The Company may also
                                         assign the benefit of any of these provisions or the Executive will, at the request
                                         and expense of the Company, enter into a separate agreement with any Group Company in
                                         which he agrees to be bound by restrictions corresponding to those in this Schedule
                                         2 (or such of those restrictions as may be appropriate) in relation to that Group
                                         Company.

 

	6.2	The period for which the restrictions
                                         in paragraphs 1 -5 of this Schedule apply shall be reduced by any period that the Executive
                                         spends on Garden Leave immediately before Termination.

 

    	 	28	 

     

    

 

	6.3	If
    the Executive receives an offer to be involved in a business concern in any Capacity during the Employment, or before the
    expiry of the last of the covenants in this Schedule 2, the Executive shall give the person making the offer a copy
    of this Schedule 2 and shall tell the Company the identity of that person as soon as possible after accepting the offer.
	 	 
	6.4	If,
    at any time during the Executive's employment, two or more Key Employees have left their employment, appointment or engagement
    with the Company to carry out services for a business concern which competes with, or is intended to compete with any Restricted
    Services, the Executive will not at any time during the 12 months following the last date on which any of those Key Employees
    were employed or engaged by the Company, be employed or engaged in any way by or with that business concern.

 

[End]

 

29Form of Medium-Term Notes, Series K

 Exhibit 4.1 

[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. 95000E3U1

REGISTERED NO.     
	 	FACE AMOUNT: $                

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Notes Linked to the EURO STOXX 50® Index 

due October 22, 2024 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under 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 the Stated Maturity Date, and to pay interest on the Face Amount of this Security from October 20, 2017 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or
duly provided for, as the case may be, at the rate of 0.25% per annum, payable on each Interest Payment Date. The “Initial Stated Maturity Date” shall be October 22, 2024. If the Calculation Day (as defined below) is not
postponed, the Initial Stated Maturity Date will be the “Stated Maturity Date.” If the Calculation Day is postponed, the “Stated Maturity Date” shall be the later of (i) the Initial Stated Maturity Date and
(ii) the third Business Day (as defined below) after the 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.” 

Payment of Interest and Redemption Amount 

Interest shall be calculated on the basis of a year of 360 days with twelve 30-day
months. The interest 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 Date; provided that the interest payable on the Stated Maturity Date shall be paid to the Person to whom the Redemption Amount is paid. The “Regular Record
Date” for an Interest Payment Date shall be the date one Business Day (as defined below) prior to such Interest Payment Date. The “Interest Payment Dates” shall be the
22nd day of each January, April, July and October, commencing January 2018, and ending at Maturity. 

Any interest 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 interest 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 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 interest 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 Redemption Amount and interest 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. 
 Determination of Redemption Amount 

The “Redemption Amount” of this Security will equal: 

 

	 	•	 	 if the Ending Level is greater than the Upside Threshold Level: the Face Amount plus:

  

																																									
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 	 	 	Face Amount	 	  x        	 		 		 		 	 	 	Ending Level – Upside Threshold Level	 	 	 		 		 		 		 	  x    Participation Rate	 	 	 	  ; or	 	
		 		 		 		 	 	 	 	 		 		 		 	 	 	Starting Level	 	 	 		 		 		 		 	 	 	 	 	

  

	 	•	 	 if the Ending Level is less than or equal to the Upside Threshold Level: the Face Amount.

 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 

  
 2 

 
to 0.00001); and the Redemption Amount will be rounded to the nearest cent, with one-half cent rounded upward. 

“Index” shall mean the EURO STOXX 50® Index. 

The “Pricing Date” shall mean October 17, 2017. 

The “Starting Level” is 3607.77, the Closing Level of the Index on the Pricing Date. 

The “Closing Level” of the Index on any Trading Day means the official closing level of the Index reported by
the 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 “Discontinuance of The Index; Alteration of Method of Calculation” and “Market
Disruption Events.” 
 The “Ending Level” will be the Closing Level of the Index on the Calculation
Day. 
 The “Upside Threshold Level” is 3761.100225, which is equal to 104.25% of the Starting Level. 

The “Participation Rate” is equal to the Starting Level divided by the Upside Threshold Level. 

“Index Sponsor” shall mean STOXX Limited. 

“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. 
 A
“Trading Day” means a day, as determined by the Calculation Agent, on which (i) the Index Sponsor is scheduled to publish the level of the Index and (ii) each Related Futures or Options Exchange is scheduled to be open for
trading for its regular trading session. 
 The “Related Futures or Options Exchange” for the 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 the Index. 

The “Relevant Stock Exchange” for any security underlying the Index means the primary exchange or quotation
system on which such security is traded, as determined by the Calculation Agent. 
 The “Calculation Day”
shall be October 17, 2024. If such day is not a Trading Day, the Calculation Day will be postponed to the next succeeding Trading Day. The Calculation Day is also subject to postponement due to the occurrence of a Market Disruption Event (as
defined 

  
 3 

 
below). If a Market Disruption Event occurs or is continuing on the Calculation Day, such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption Event
has not occurred and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading Day after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation Day. If
the Calculation Day has been postponed eight Trading Days after the originally scheduled Calculation Day and a Market Disruption Event occurs or is continuing on such eighth Trading Day, the Calculation Agent will determine the Closing Level of the
Index on such eighth Trading Day in accordance with the formula for and method of calculating the Closing Level of the Index last in effect prior to commencement of the Market Disruption Event, using the closing price (or, with respect to any
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 time at which the official Closing Level of the Index is calculated and published by the Index
Sponsor) on such date of each security included in the 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 time at
which the official Closing Level of the Index is calculated and published by the Index Sponsor. 
 “Calculation
Agent Agreement” shall mean the Calculation Agent Agreement dated as of March 18, 2015 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, the determination of the Ending Level and the Redemption Amount, 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. 
 Discontinuance Of The Index; Alteration Of Method Of Calculation

 If the Index Sponsor discontinues publication of the Index, and the 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 the 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 Index Sponsor or any other entity and calculate the Ending Level as described above. 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 the Index Sponsor discontinues publication of the Index prior to, and the discontinuance is continuing on,
the 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 the Index in accordance with the formula for and method of
calculating the Index last in effect prior to the discontinuance, but using only those securities that comprised the Index immediately prior to that discontinuance. If a Successor Equity Index is 

  
 4 

 
selected or the Calculation Agent calculates a level as a substitute for the Index, the Successor Equity Index or level will be used as a substitute for the Index for all purposes, including the
purpose of determining whether a Market Disruption Event exists. 
 If on the Calculation Day the Index Sponsor fails to
calculate and announce the level of the Index, the Calculation Agent will calculate a substitute Closing Level of the Index in accordance with the formula for and method of calculating the Index last in effect prior to the failure, but using only
those securities that comprised the Index immediately prior to that failure; provided that, if a Market Disruption Event occurs or is continuing on such day, then the provisions set forth above under the definition of “Calculation
Day” shall apply in lieu of the foregoing. 
 If at any time the Index Sponsor makes a material change in the formula
for or the method of calculating the Index, or in any other way materially modifies the Index (other than a modification prescribed in that formula or method to maintain the Index in the event of changes in constituent stock and capitalization and
other routine events), then, from and after that time, the Calculation Agent will, at the close of business in New York, New York, on each date that the Closing Level of the Index is to be calculated, calculate a substitute Closing Level of the
Index in accordance with the formula for and method of calculating the Index last in effect prior to the change, but using only those securities that comprised the Index immediately prior to that change. Accordingly, if the method of calculating the
Index is modified so that the level of the Index is a fraction or a multiple of what it would have been if it had not been modified, then the Calculation Agent will adjust the Index in order to arrive at a level of the Index as if it had not been
modified. 
 Market Disruption Events 

A “Market Disruption Event” means any of (A), (B), (C) or (D) below, as determined by the Calculation
Agent in its sole discretion: 
  

	 	(A)	 Any of the following events occurs or exists with respect to any security included in the Index or any
Successor Equity Index (as defined below), and the aggregate of all securities included in the Index or Successor Equity Index with respect to which any such event occurs comprise 20% or more of the level of the Index or Successor Equity Index:

  

	 	•	 	 a material suspension of or limitation imposed on trading by the Relevant Stock Exchange for such security or
otherwise at any time during the one-hour period that ends at the Scheduled Closing Time for the Relevant Stock Exchange for such security on that day, whether by reason of movements in price exceeding limits
permitted by the Relevant Stock Exchange or otherwise; 

  

	 	•	 	 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, such security on its Relevant Stock Exchange at any time during the one-hour period that ends at the Scheduled Closing Time for the

  
 5 

	 	 
Relevant Stock Exchange for such security on that day; or 

  

	 	•	 	 the closure on any Exchange Business Day of the Relevant Stock Exchange for such security prior to its
Scheduled Closing Time unless the earlier closing is announced by such Relevant Stock Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such Relevant Stock Exchange and
(ii) the submission deadline for orders to be entered into the Relevant Stock Exchange system for execution at the Scheduled Closing Time for such Relevant Stock Exchange on that day. 

 

	 	(B)	 Any of the following events occurs or exists with respect to futures or options contracts relating to the
Index or any Successor Equity Index: 

  

	 	•	 	 a material suspension of or limitation imposed on trading by any Related Futures or Options Exchange or
otherwise at any time during the one-hour period that ends at the close of trading on such Related Futures or Options Exchange on that day, whether by reason of movements in price exceeding limits permitted by
the Related Futures or Options Exchange or otherwise; 

  

	 	•	 	 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 the Index or 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 such Related Futures or Options Exchange on that day; or 

  

	 	•	 	 the closure on any Exchange Business Day of any Related Futures or Options Exchange prior to its Scheduled
Closing Time unless the earlier closing time is announced by such Related Futures or Options Exchange at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such Related Futures or Options
Exchange and (ii) the submission deadline for orders to be entered into the Related Futures or Options Exchange system for execution at the close of trading for such Related Futures or Options Exchange on that day. 

 

	 	(C)	 The relevant index sponsor fails to publish the level of the Index or any Successor Equity Index (other than
as a result of the relevant index sponsor having discontinued publication of the Index or Successor Equity Index and no Successor Equity Index being available). 

 

	 	(D)	 Any Related Futures or Options Exchange fails to open for trading during its regular trading session.

 For purposes of determining whether a Market Disruption Event has occurred: 

 

	 	(1)	 the relevant percentage contribution of a security included in the Index or any Successor Equity Index to the
level of such index will be based on a comparison 

  
 6 

	 	 
of (x) the portion of the level of such index attributable to that security to (y) the overall level of such index, in each case using the official opening weightings as published by
the relevant index sponsor as part of the market opening data; 

  

	 	(2)	 the “Scheduled Closing Time” of any Relevant Stock Exchange or Related Futures or Options
Exchange on any Trading Day 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 

  

	 	(3)	 an “Exchange Business Day” means any Trading Day on which (i) the relevant index sponsor
publishes the level of the Index or any Successor Equity Index and (ii) each Related Futures or Options Exchange is open for trading during its regular trading session, notwithstanding any Related Futures or Options Exchange closing prior to
its Scheduled Closing Time. 

 Calculation Agent 

The Calculation Agent will determine the Ending Level and the Redemption Amount. In addition, the Calculation Agent will
(i) determine if adjustments are required to the Closing Level of the Index under the circumstances described in this Security, (ii) if publication of the Index is discontinued, select a Successor Equity Index or, if no Successor Equity
Index is available, determine the Closing Level of the Index under the circumstances described in this Security, and (iii) determine whether a Market Disruption Event or non-Trading Day has occurred. 

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 redemption at the option of the Company or repayment at the option of the Holder hereof prior
to October 22, 2024. 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 hereof calculated as provided herein as though the date of acceleration was the Calculation Day. 

  
 7 

   

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] 

  
 8 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
 DATED: 
  

					
	WELLS FARGO & COMPANY

 
					
		
	By:	 	 
		 	
		 	Its:

 [SEAL] 
  

					
	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

  
 9 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Notes Linked to the EURO STOXX 50® Index 

due October 22, 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 July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company 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 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 K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. 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. 

Article Sixteen of the Indenture shall not apply to this Security. 

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. 

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 rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the 

  
 10 

 
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 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 and certain Events of Default, upon compliance by the Company 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 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 

  
 11 

 
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 Trustee and any agent of the Company
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 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 interest and the Redemption Amount 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 interest or the Redemption Amount, 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, 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. 

  
 12 

 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)

  
 13 

 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. 

  
 14

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