Document:

Exhibit 10.21

 Exhibit 10.21 
 HOST HOTELS & RESORTS, INC. 
 Non-Employee Directors’
Deferred Stock Compensation Plan 
 As Amended and Restated Effective as of December 15, 2009, 

as Further Amended Effective February 2, 2012 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	PAGE	 
		
	 ARTICLE I PURPOSE AND EFFECTIVE DATE
	  	 	3	  
				
		 	 1.1
	 	 Purpose
	  	 	3	  
		 	 1.2
	 	 Effective Date
	  	 	3	  
		
	 ARTICLE II DEFINITIONS
	  	 	3	  
				
		 	 2.1
	 	 Committee
	  	 	3	  
		 	 2.2
	 	 Deferral Date
	  	 	3	  
		 	 2.3
	 	 Deferral Election
	  	 	3	  
		 	 2.4
	 	 Director Stock Awards
	  	 	3	  
		 	 2.5
	 	 Distribution Election
	  	 	3	  
		 	 2.6
	 	 Dividend Equivalents
	  	 	3	  
		 	 2.7
	 	 Fees
	  	 	4	  
		 	 2.8
	 	 Participant
	  	 	4	  
		 	 2.9
	 	 Plan
	  	 	4	  
		 	 2.10
	 	 Secretary
	  	 	4	  
		 	 2.11
	 	 Separation from Service
	  	 	4	  
		 	 2.12
	 	 Shares
	  	 	4	  
		 	 2.13
	 	 Special One-Time Director Stock Award
	  	 	4	  
		 	 2.14
	 	 Specified Employee
	  	 	4	  
		 	 2.15
	 	 Stock Plan
	  	 	4	  
		 	 2.16
	 	 Stock Units
	  	 	4	  
		 	 2.17
	 	 Stock Unit Account
	  	 	5	  
		
	 ARTICLE III SHARES AVAILABLE UNDER THE PLAN
	  	 	5	  
		
	 ARTICLE IV ADMINISTRATION
	  	 	5	  
				
		 	 4.1
	 	 Plan Administration
	  	 	5	  
		 	 4.2
	 	 Administrative Duty
	  	 	5	  
		 	 4.3
	 	 Committee Authority
	  	 	5	  
		
	 ARTICLE V ELIGIBILITY
	  	 	5	  
				
		 	 5.1
	 	 Eligibility
	  	 	5	  
		 	 5.2
	 	 Employment
	  	 	5	  
		 	 5.3
	 	 Stock Ownership Limits
	  	 	6	  
		
	 ARTICLE VI DEFERRAL ELECTIONS IN LIEU OF CASH PAYMENT OR DIRECTOR STOCK AWARDS
	  	 	6	  
				
		 	 6.1
	 	 General Rule
	  	 	6	  

									
		 	6.2	 	 Timing of Elections
	  	 	6	  
		 	6.3	 	 Form of Election
	  	 	7	  
		 	6.4	 	 Establishment of Stock Unit Account
	  	 	7	  
		 	6.5	 	 Credit of Dividend Equivalents
	  	 	8	  
		
	 ARTICLE VII DIRECTOR STOCK AWARDS
	  	 	8	  
				
		 	7.1	 	 Qualification and Amount
	  	 	8	  
		 	7.2	 	 Vesting
	  	 	8	  
		 	7.3	 	 Discretionary Awards
	  	 	8	  
		
	 ARTICLE VIII SETTLEMENT OF STOCK UNITS
	  	 	9	  
				
		 	8.1	 	 Payment Options
	  	 	9	  
		 	8.2	 	 Payment Timing
	  	 	9	  
		 	8.3	 	 Continuation of Dividend Equivalents
	  	 	9	  
		 	8.4	 	 In Kind Dividends
	  	 	9	  
		
	 ARTICLE IX SPECIAL ONE-TIME DIRECTOR STOCK AWARDS
	  	 	9	  
				
		 	9.1	 	 Special One-Time Director Stock Awards
	  	 	9	  
		 	9.2	 	 Vesting
	  	 	10	  
		 	9.3	 	 Conversion and Payment of Special One-Time Director Stock Awards
	  	 	10	  
		
	 ARTICLE X UNFUNDED STATUS
	  	 	10	  
		
	 ARTICLE XI DESIGNATION OF BENEFICIARY
	  	 	10	  
		
	 ARTICLE XII ADJUSTMENT PROVISIONS
	  	 	10	  
		
	 ARTICLE XIII PLAN CONSTRUCTION
	  	 	10	  
		
	 ARTICLE XIV GENERAL PROVISIONS
	  	 	11	  
				
		 	14.1	 	 No Right to Continue as a Director
	  	 	11	  
		 	14.2	 	 No Stockholder Rights Conferred
	  	 	11	  
		 	14.3	 	 Change to the Plan
	  	 	11	  
		 	14.4	 	 Consideration
	  	 	11	  
		 	14.5	 	 Compliance with Laws and Obligations
	  	 	11	  
		 	14.6	 	 Limitations on Transferability
	  	 	12	  
		 	14.7	 	 Governing Law
	  	 	12	  
		 	14.8	 	 Plan Termination
	  	 	12	  

  
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 ARTICLE I 
 PURPOSE AND EFFECTIVE DATE 
 1.1 Purpose. The Host Hotels & Resorts,
Inc. Non-Employee Directors’ Deferred Stock Compensation Plan (the “Plan”) is intended to advance the interests of Host Hotels & Resorts, Inc. and its stockholders by providing a means to attract and retain highly-qualified
persons to serve as non-employee Directors and to promote ownership by non-employee Directors of a greater proprietary interest in Host Hotels & Resorts, Inc., thereby aligning such Directors’ interests more closely with the interests
of stockholders of Host Hotels & Resorts, Inc. 
 1.2 Effective Date. This amendment and restatement of the Plan shall
become effective as of December 15, 2009. 
 ARTICLE II 

DEFINITIONS 
 All
capitalized terms used herein shall have the same meaning as used in the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan, as amended from time to time (the “Stock Plan”), unless otherwise specifically
provided herein. 
 2.1 Committee. 
 “Committee” shall mean the Nominating and Corporate Governance Committee of the Board, or another committee or subcommittee of the Board, as appointed by the Board. 

2.2 Deferral Date. 
 “Deferral Date” has the meaning set forth in Section 6.4. 
 2.3 Deferral
Election. 
 “Deferral Election” means the written election filed with the Committee in accordance with
Section 6.2(a). 
 2.4 Director Stock Awards. 
 “Director Stock Awards” means the Awards described in Article VII of this Plan. 
 2.5
Distribution Election. 
 “Distribution Election” means the written election filed with the Committee in
accordance with Section 6.2(b). 
 2.6 Dividend Equivalents. 

“Dividend Equivalents” means the dividend equivalents credited to a Participant’s Stock Unit Account in accordance with
Section 6.5. 

  
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 2.7 Fees. 
 “Fees” means all or part of any retainer and/or fees payable to a non-employee Director in his or her capacity as a Director. 
 2.8 Participant. 
 “Participant” means a Director who is
not employed by the Company or its affiliates, unless otherwise determined by the Board. 
 2.9 Plan. 

“Plan” has the meaning set forth in Section 1.1. 
 2.10 Secretary. 
 “Secretary” means the Corporate
Secretary or any Assistant Corporate Secretary of the Company. 
 2.11 Separation from Service. 

“Separation from Service” means a “separation from service” within the meaning of Treas. Reg. §1.409A-1(h).

 2.12 Shares. 
 “Shares” means shares of the common stock of Company, par value $0.01 per share. 

2.13 Special One-Time Director Stock Award. 
 “Special One-Time Director Stock Awards” means the Awards described in Article IX of this Plan. 
 2.14 Specified Employee. 
 “Specified Employee” means any
Participant who is, or was at any time during the twelve-month period ending on the Company’s “specified employee identification date,” a “specified employee” of the Company (each within the meaning of Section 409A).

 2.15 Stock Plan. 
 “Stock Plan” has the meaning set forth in this Article II. 
 2.16 Stock
Units. 
 “Stock Units” means the credits to a Participant’s Stock Unit Account under Article VI, Article
VII and Article VIII of this Plan, each of which represents the right to receive one Share upon settlement of the Stock Unit Account and, following December 31, 2009, shall be deemed an Award issued pursuant to the Stock Plan. 

  
 4 

 2.17 Stock Unit Account. 

“Stock Unit Account” means the bookkeeping account established by the Company pursuant to Section 6.4. 

ARTICLE III 

SHARES AVAILABLE UNDER THE PLAN 
 All Shares distributed in settlement of Stock Unit Accounts shall be issued from the Stock Plan, except with respect to Shares issued pursuant to Stock Units credited to such Stock Unit Accounts on or
prior to December 31, 2009 and any Dividend Equivalents paid thereon, which Shares shall be distributed from the 500,000 Shares originally reserved under this Plan. The maximum number of Shares that may be distributed in settlement of Stock
Units and Dividend Equivalents credited to Stock Unit Accounts under this Plan on or prior to December 31, 2009 shall not exceed 500,000. The maximum number of Shares that may be distributed in settlement of Stock Units and Dividend Equivalents
credited to Stock Unit Accounts after December 31, 2009 shall not exceed the number of Shares available for issuance under the Stock Plan from time to time. Notwithstanding anything contained in this Plan to the contrary, the Special One-Time
Director Stock Awards granted to Willard W. Brittain and Gordon H. Smith, as described in Article IX, shall be deemed Awards issued pursuant to the Stock Plan. 
 ARTICLE IV 
 ADMINISTRATION 

4.1 Plan Administration. This Plan shall be administered by the Committee. Notwithstanding the foregoing, no Director who is a Participant
under this Plan shall participate in any determination relating solely or primarily to his or her own Shares, Stock Units or Stock Unit Account. 
 4.2 Administrative Duty. It shall be the duty of the Committee to administer this Plan in accordance with its provisions and to make such recommendations of amendments or otherwise as it
deems necessary or appropriate. 
 4.3 Committee Authority. The Committee shall have the authority to make all determinations it
deems necessary or advisable for administering this Plan, subject to the limitations in Section 4.1 and other explicit provisions of this Plan and the Stock Plan. 
 ARTICLE V 
 ELIGIBILITY 

5.1 Eligibility. Each Director who is not an employee of the Company or its affiliates shall be eligible to defer Fees and Director Stock
Awards under Article VI of this Plan and to receive Director Stock Awards under Article VII of this Plan. 
 5.2 Employment. If
such Director subsequently becomes an employee of the Company (or any of its affiliates), but does not incur a Separation from Service, such Director shall (a) continue as a Participant with respect to Fees and Director Stock Awards previously
deferred and Director Stock Awards previously granted, and with respect to Fees and Director Stock Awards payable in the calendar year in which such Director becomes an employee of the Company (or any of its affiliates), and (b) cease
eligibility with respect to any further Fees and Director Stock Awards. 

  
 5 

 5.3 Stock Ownership Limits. Notwithstanding any other provision to the contrary, a Director
shall not be eligible to participate in the Plan and shall cease to be a Participant, to the extent such Director was a Participant immediately before the application of this Section 5.3 to such Director, if the participation of such Director
would violate the ownership limits set forth in Article VIII of Host Hotels & Resorts, Inc.’s Articles of Restatement of Articles of Incorporation. 
 ARTICLE VI 
 DEFERRAL ELECTIONS IN LIEU OF CASH PAYMENT OR DIRECTOR STOCK
AWARDS 
 6.1 General Rule. Each Director may, in lieu of receipt of Fees or Director Stock Awards, defer his Fees and/or
Director Stock Awards in accordance with this Article VI, provided that such Director is eligible under Article V of this Plan to defer such Fees and Director Stock Awards at the date any such Fees and Director Stock Awards are otherwise payable, as
applicable. 
 6.2 Timing of Elections. 
 (a) Deferral Elections. Each eligible Director who wishes to defer Fees and/or Director Stock Awards under this Plan must make a written Deferral Election (except as provided in the last paragraph
of this Section 6.2(a)) prior to the start of the calendar year for which the Fees or Director Stock Awards, as applicable, would otherwise be earned, which Deferral Election shall be irrevocable as of the December 31 immediately preceding
the calendar year in which the Fees or Director Stock Awards, as applicable, are earned. Notwithstanding the foregoing, with respect to any Deferral Election made by a newly elected or appointed Director or Director who was not previously eligible
to participate in the Plan and who does not participate in and has not for 24 months participated in any other nonqualified deferred compensation account balance plan that must be aggregated with the Plan pursuant to Code Section 409A (such
director, a “Newly Eligible Participant”), the Deferral Election: 
  

	 	(i)	must be filed not later than 30 days after the date of initial eligibility, 

 

	 	(ii)	shall be effective only with respect to compensation for services to be performed subsequent to the election, and 

 

	 	(iii)	shall be irrevocable once made, for all Fees and Director Stock Awards earned in that calendar year. 

If a Newly Eligible Participant fails to make a Deferral Election within 30 days of initial eligibility to participate, then such Newly Eligible
Participant may make an initial Deferral Election (and Distribution Election, pursuant to Section 6.2(b) below) only with respect to Fees and Director Stock Awards earned in subsequent calendar years. 

  
 6 

 A Deferral Election by a Participant shall be deemed to be continuing and therefore applicable to Fees to be
paid and Director Stock Awards to be made in future years unless the Participant revokes or changes such election by filing a new Deferral Election form prior to the start of the calendar year for which the Fees or Director Stock Awards would
otherwise be earned or made, as applicable. Notwithstanding any provision of the Plan to the contrary, a Deferral Election shall be automatically cancelled on the Participant’s Separation from Service and shall be without effect thereafter.

 (b) Distribution Elections. Each Participant in the Plan as of December 31, 2008 has filed a Distribution
Election with respect to the form of which his Stock Unit Account shall be paid in accordance with Section 8.1, with respect to all amounts deferred on his behalf under the Plan whether before or after December 31, 2008, and such
Distribution Election shall have been filed no later than December 31, 2008 and shall have become irrevocable on December 31, 2008. Each Participant who becomes a Participant in the Plan after December 31, 2008 shall file a
Distribution Election at the same time and in the same manner as the Participant’s initial Deferral Election and, unless determined otherwise by the Committee, such Distribution Election shall apply to all amounts deferred on his behalf under
the Plan. A Participant may not change or modify his Distribution Election after it has become irrevocable. If no Distribution Election is filed pursuant to this Section 6.2, then Section 6.3 shall apply. Notwithstanding anything contained
in this Plan to the contrary, with respect to 2010 and subsequent calendar years, any Participant (other than a Newly Eligible Participant) who wishes to defer his or her Director Stock Awards granted pursuant to Section 7.1 under this Plan
must make a written Distribution Election (except as provided in the following sentence) prior to the start of the calendar year for which such Director Stock Awards would otherwise be earned, which Distribution Election shall be irrevocable as of
the December 31 immediately preceding the calendar year in which such Director Stock Awards are earned. Any such Distribution Election made pursuant to the immediately preceding sentence shall be deemed to be continuing and therefore applicable
to Director Stock Awards to be made in future years unless the Participant revokes or changes such election by filing a new Distribution Election form prior to the start of the calendar year for which the Director Stock Awards would otherwise be
earned. 
 6.3 Form of Election. A Deferral Election and Distribution Election shall be made by completing and filing the
specified election form with the Secretary of the Company within the applicable period described in Section 6.2. In the event Directors’ Fees or Director Stock Awards are increased or decreased during any calendar year, a
Participant’s election in effect for such year will apply to the specified percentage of the applicable Directors’ Fees or Director Stock Awards, as increased or decreased. 
 In any situation in which the Committee is unable to determine the method of payment because of incomplete, unclear, or uncertain instructions in a Participant’s Distribution Election form, or if no
such form is on file with respect to a Participant, then the Participant will be deemed to have elected a lump sum distribution. 
 6.4
Establishment of Stock Unit Account. The Company will establish a Stock Unit Account for each Participant. All Fees deferred pursuant to this Article VI and Director Stock Awards deferred pursuant to Article VII shall be credited to the
Participant’s Stock Unit Account as of the date the Fees or Director Stock Awards, as applicable, would otherwise have 

  
 7 

 
been paid to the Participant (the “Deferral Date”) and, with respect to Fees only, converted to Stock Units as follows: The number of Stock Units shall equal the deferred Fees divided
by the Fair Market Value of a Share on the Deferral Date, with fractional units calculated to at least three (3) decimal places. The Director Stock Awards deferred pursuant to Article VII shall be converted to Stock Units in accordance with
Article VII. 
 6.5 Credit of Dividend Equivalents. As of each dividend payment date with respect to Shares, each Participant
shall have credited to his or her Stock Unit Account an additional number of Stock Units equal to (a) the per-share cash dividend payable with respect to a Share on such dividend payment date, (b) multiplied by the number of Stock Units
held in the Stock Unit Account as of the close of business on the record date for such dividend, (c) divided by the Fair Market Value of a Share on such dividend payment date. If dividends are paid on Shares in a form other than cash, then such
dividends shall be notionally converted to cash, if their value is readily determinable, and credited in a manner consistent with the foregoing formula and, if their value is not readily determinable, shall be credited “in kind” to the
Participant’s Stock Unit Account. 
 ARTICLE VII 

DIRECTOR STOCK AWARDS 

7.1 Qualification and Amount. Participants will receive, effective immediately following the date of each annual meeting of Stockholders,
an annual Director Stock Award equal to the number of Shares derived by dividing (a) $90,000, by (b) the Fair Market Value of a Share on the date of the annual meeting, with fractional units calculated to at least three
(3) decimal places. Notwithstanding any other provision, however, a Participant shall not be entitled to receive an annual Director Stock Award if such award would violate the ownership limits set forth in Section 5.3. If a Participant has
elected to receive his Director Stock Award in the form of Stock Units, at such time as provided in Article VI of the Plan for Director Stock Awards, then the Participant shall not receive a direct issuance of Shares for the applicable year and
instead his Stock Unit Account shall be credited with a number of Stock Units equal to the number of Shares that would have otherwise been issued pursuant to the Director Stock Award. 
 7.2 Vesting. A Participant’s annual Director Stock Award will be fully vested and nonforfeitable when granted. 
 7.3 Discretionary Awards. In its sole discretion, the Board or Committee may grant a non-annual Director Stock Award to any Participant, which award shall be subject to any vesting
requirements, as determined by the Board or Committee. The distribution of any such award (including any Shares that are issued pursuant to such award) will be made in accordance with a Participant’s Distribution Election in accordance with
Sections 8.1 and 8.2. If a Participant has not made such a Distribution Election, the distribution of any such award (including any Shares that are issued pursuant to such award) to such Participant shall be made in a lump sum, unless otherwise
determined by the Board or Committee on the date of grant. 

  
 8 

 ARTICLE VIII 
 SETTLEMENT OF STOCK UNITS 
 8.1 Payment Options. The Participant’s
Distribution Election submitted pursuant to Section 6.2(b) shall specify whether the Participant’s Stock Unit Account is to be settled by delivering to the Participant (or his or her beneficiary) the number of Shares equal to the number of
whole Stock Units then credited to the Participant’s Stock Unit Account, in (a) a lump sum, or (b) substantially equal annual installments over a period not to exceed ten (10) years. If, upon lump sum distribution or final
distribution of an installment, less than one whole Stock Unit is credited to a Participant’s Stock Unit Account, cash will be paid in lieu of fractional shares on the date of such distribution based on the Fair Market Value of a Share on the
date of payment. 
 8.2 Payment Timing. Shares payable pursuant to Section 8.1 shall be distributed in a
lump sum or in up to ten (10) annual installments to the Participant commencing on the ninetieth (90th) day following the Participant’s Separation from Service, or in the case of Director Stock Awards earned in 2010 and subsequent
calendar years, commencing on the ninetieth
(90th) day following the date that is the earlier of
(i) the Participant’s Separation from Service and (ii) the third or fifth anniversary from the date of grant, in all cases, in accordance with the Participant’s Distribution Election(s). If a Participant has elected distribution
of his Stock Unit Account in installments, each subsequent installment distribution shall be made on the January 15 of each subsequent calendar year. Notwithstanding anything in this Plan, the Stock Plan or any Distribution Election to the
contrary, with respect to any Participant who is a Specified Employee at the time of such Participant’s Separation from Service, as determined in the sole discretion of the Committee, the distribution of such Shares shall, to the extent that
such distribution upon a Separation from Service would be a prohibited distribution under Section 409A(a)(2)(b)(i) of the Code, be delayed until the date which is six months and one day after the date on which such Separation from Service
occurs. 
 8.3 Continuation of Dividend Equivalents. If payment of Stock Units is deferred and paid in installments, the
Participant’s Stock Unit Account shall continue to be credited with dividend equivalents as provided in Section 6.5. 
 8.4 In
Kind Dividends. If any “in kind” dividends were credited to the Participant’s Stock Unit Account under Section 6.5, such dividends shall be payable to the Participant in full on the date of the first distribution of
Shares under Section 8.1. 
 ARTICLE IX 
 SPECIAL ONE-TIME DIRECTOR STOCK AWARDS 
 9.1 Special One-Time Director Stock
Awards. Certain Directors received a Special One-Time Director Stock Award as follows: 
  

			
	 Name of Director
	  	 Special One-Time
 Director Stock Award

		
	Robert M. Baylis	  	7,000 Shares
	Ann Dore McLaughlin	  	7,000 Shares
	Willard W. Brittain	  	5,504.7425 Shares
	Gordon H. Smith	  	5,504.7425 Shares

  
 9 

 9.2 Vesting. All Special One-Time Director Stock Awards are fully vested. 

9.3 Conversion and Payment of Special One-Time Director Stock Awards. The Special One-Time Director Stock Awards were converted into Stock
Units and will convert into Shares upon an eligible Participant’s Separation from Service. The Company will distribute such Shares pursuant to the Participant’s Distribution Election in accordance with Sections 8.1 and 8.2, except that
Willard W. Brittain and Gordon H. Smith will receive their Shares in a lump sum. 
 ARTICLE X 

UNFUNDED STATUS 
 The interest of each Participant in any Fees deferred under this Plan (and any Stock Units or Stock Unit Account relating thereto) or in any Director Stock Award or in any Special One-Time Director Stock
Award shall be that of a general creditor of the Company. Stock Unit Accounts and Stock Units (and, if any, “in kind” dividends) credited thereto, Director Stock Awards and Special One-Time Director Stock Awards shall at all times be
maintained by the Company as bookkeeping entries evidencing unfunded and unsecured general obligations of the Company. 

ARTICLE XI 

DESIGNATION OF BENEFICIARY 
 Each Participant may designate, on a form provided by the Committee, one or more beneficiaries to receive the benefits credited to the Participant’s Stock Unit Account in the event of such
Participant’s death. The Company may rely upon the beneficiary designation last filed with the Committee, provided that such form was executed by the Participant or his or her legal representative and filed with the Committee prior to the
Participant’s death. 
 ARTICLE XII 
 ADJUSTMENT PROVISIONS 
 In the event any recapitalization, reorganization,
merger, consolidation, spin-off, combination, repurchase, exchange of shares or other securities of the Company, stock split or reverse split, or similar corporate transaction or event affects Shares such that an adjustment is determined by the
Board or Committee to be appropriate to prevent dilution or enlargement of Participants’ rights under this Plan, then the Board or Committee will make an adjustment, if any, determined in its sole discretion to be appropriate or necessary, in
the number or kind of Shares to be delivered upon settlement of Stock Unit Accounts, Director Stock Awards or Special One-Time Director Stock Awards under Articles VII, VIII or IX. 

ARTICLE XIII 
 PLAN CONSTRUCTION 
 It is the intent of the Company that this Plan comply
in all respects with applicable provisions of Rule l6b-3 under the Exchange Act in the connection with the deferral of Fees and/or Director Stock Awards so that Participants will be entitled to the benefits of Rule 16b-3 or other exemptive rules
under Section 16 of the Exchange Act and will not be subjected to avoidable liability thereunder. Any contrary interpretation of the Plan shall be avoided. 

  
 10 

 ARTICLE XIV 
 GENERAL PROVISIONS 
 14.1 No Right to Continue as a Director. Nothing
contained in this Plan will confer upon any Participant any right to continue to serve as a Director. 
 14.2 No Stockholder Rights
Conferred. Except for dividend equivalents under Section 6.5, nothing contained in this Plan will confer upon any Participant any rights of a stockholder of the Company unless and until Shares are in fact converted, issued or
transferred to such Participant in accordance with Articles VII, VIII or IX. 
 14.3 Change to the Plan. The Board may amend,
alter, suspend, discontinue or terminate the Plan without the consent of stockholders or Participants, except that any such action will be subject to the approval of the Company’s stockholders at the next annual meeting of stockholders having a
record date after the date such action was taken if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Shares may then be listed or quoted or
if the Board determines in its discretion to seek such stockholder approval. 
 To the extent applicable, this amended and restated Plan shall
be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Company determines that any compensation or benefits payable under this Plan do not comply with
Code Section 409A and related Department of Treasury guidance, the Company shall amend the Plan or take such other actions as the Company deems necessary or appropriate to comply with the requirements of Code Section 409A while preserving
the economic agreement of the parties. Any other provision of the Plan to the contrary notwithstanding, in the event that the Internal Revenue Service prevails in its claims that amounts contributed to the Plan, and/or earnings thereon, constitute
taxable income to the Participant or his designated beneficiary for any taxable year of his, prior to the taxable year in which such contributions and/or earnings are distributed to the Participant or beneficiary, or in the event that legal counsel
satisfactory to the Company, the trustee and the applicable Participant or beneficiary renders an opinion that the Internal Revenue Service would likely prevail in such a claim, the amount subject to such income tax shall be immediately distributed
to the Participant or beneficiary. 
 Any such amendment, modification, cancellation, or termination of the Plan may adversely affect the rights
of a Participant without the Participant’s consent. 
 14.4 Consideration. The consideration for Shares issued or delivered
in lieu of payment of Fees will be the Director’s service during the period to which the Fees paid in the form of Shares related. 

14.5 Compliance with Laws and Obligations. The Company will not be obligated to issue or deliver Shares in connection with this Plan in a
transaction subject to the registration requirements of the Securities Act, or any other federal or state securities or tax law, any 

  
 11 

 
requirement under any listing agreement between the Company and any national securities exchange or automated quotation system or any other laws, regulations, the Company’s Articles of
Amendment and Restatement of Articles of Incorporation, or contractual obligations of the Company, until the Company is satisfied that such laws, regulations and other obligations of the Company have been complied with in full. Certificates
representing Shares delivered under the Plan will be subject to such stop-transfer orders and other restrictions as may be applicable under such laws, regulations and other obligations of the Company, including any requirement that a legend or
legends be placed thereon. 
 14.6 Limitations on Transferability. Stock Units, Director Stock Awards, Special One-Time Director
Stock Awards and any other right under the Plan that may constitute a “derivative security” as generally defined in Rule 16a-l(c) under the Exchange Act will not be transferable by a Participant except by will or the laws of descent and
distribution (or to a designated beneficiary in the event of a Participant’s death); provided, however, that such rights may be transferred to one or more trusts or other beneficiaries during the lifetime of the Participant in connection with
the Participant’s estate planning, but only if and to the extent then permitted under Rule 16b-3 and consistent with the terms of this Plan (including, but not limited to, the requirements of Section 5.3), the registration of the offer and
sale of Shares on Form S-8 or a successor registration form of the Securities and Exchange Commission. Stock Units, Director Stock Awards, Special One-Time Director Stock Awards and other rights under the Plan may not be pledged, mortgaged,
hypothecated or otherwise encumbered, and shall not be subject to the claims of creditors. 
 14.7 Governing Law. The validity,
construction and effect of the Plan and any agreement hereunder will be determined in accordance with the laws of the State of Maryland, including without limitation, the Maryland General Corporation Law, without regard to choice of law or conflict
of law rules. 
 14.8 Plan Termination. Unless earlier terminated by action of the Board or Executive Committee of the Board, the
Plan will remain in effect until such time as the Company has no further rights or obligations under the Plan. 

  
 12 

 CERTIFICATE OF SECRETARY 

I, the undersigned Secretary of Host Hotels & Resorts, Inc. (the “Company”), do hereby certify that the
attached copy of the Host Hotels & Resorts, Inc. Non-Employee Directors’ Deferred Stock Compensation Plan as amended and restated effective as of December 15, 2009, as amended on February 2, 2012 (the “Plan”) is a
true and correct copy of the Plan and that there have been no amendments or modifications to the Plan that are not reflected in this copy. 
 IN WITNESS WHEREOF, I have hereunto set my hand and seal of the Company as of the 7th day of February, 2012. 

 

	
	 /s/ Elizabeth A. Abdoo

  
 13Form of Medium-Term Notes

 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. 94986RJH5	  	FACE AMOUNT:
$                                        

	REGISTERED NO.         	  	

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 
 Due Nine Months or More From Date of Issue 
 Notes
Linked to the Dow Jones Industrial AverageSM

 due November 7, 2018 
 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), 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, on the Stated Maturity Date. The “Initial Stated Maturity Date” shall be November 7, 2018. If no Market Disruption Event (as
defined below) occurs or is continuing with respect to the Index (as defined below) on the final scheduled Calculation Day (as defined below), the Initial Stated Maturity Date will be the “Stated Maturity Date.” If a Market
Disruption Event occurs or is continuing with respect to the Index on the final scheduled Calculation Day, the “Stated Maturity Date” shall be the later of (i) three Business Days (as defined below) after the postponed final
Calculation Day and (ii) the Initial Stated Maturity Date. This Security shall not bear any interest. 
 Any payments on
this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for
such purpose. 
 “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.” 

 Determination of Redemption Amount 

The “Redemption Amount” of this Security will equal: 

 

	 	•	 	 If the Average Ending Level is greater than the Starting Level: the Face Amount plus the greater of: 

(i) the Minimum Return; and 
  

							
		 	(ii)	  	

	  	; or

  

	 	•	 	 If the Average Ending Level is less than or equal to the Starting Level: the Face Amount plus the Minimum Return. 

“Index” shall mean the Dow Jones Industrial AverageSM. 

The “Pricing Date” shall mean April 25, 2012. 

The “Starting Level” is 13090.72, 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 as reported by the
Index Sponsor on such Trading Day. 
 The “Average Ending Level” will be the arithmetic average of the Closing
Level of the Index on the Calculation Days. 
 The “Participation Rate” is 100%. 

The “Minimum Return” is 3% of the Face Amount of this Security. 

“Index Sponsor” shall mean CME Group Index Services LLC, as assignee of Dow Jones & Company. 

“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 or Minneapolis, Minnesota. 

A “Trading Day” with respect to the Index means a day, as determined by the Calculation Agent, on which (i) the
Relevant Exchanges (as defined below) with respect to the securities underlying the Index are open for trading for their regular trading sessions and (ii) the exchanges on which futures or options contracts related to the Index or successor
thereto, if applicable, are traded, are open for trading for their respective regular trading sessions. 

  
 2 

 The “Calculation Days” shall be semi-annually, on the last Trading Day of
each April and October, commencing October 2012 and ending October 2018. A Calculation Day is subject to postponement due to the occurrence of a Market Disruption Event. If a Market Disruption Event occurs or is continuing with respect to the Index
on a 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. If such first succeeding Trading Day has not occurred as of the eighth
scheduled Trading Day after an originally scheduled Calculation Day, that eighth scheduled Trading Day shall be deemed a Calculation Day. If a Calculation Day has been postponed eight scheduled Trading Days after an originally scheduled Calculation
Day and such eighth scheduled Trading Day is not a Trading Day, or if a Market Disruption Event occurs or is continuing with respect to the Index on such eighth scheduled Trading Day, the Calculation Agent will determine the Closing Level of the
Index on such eighth scheduled 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 of the relevant securities, if such date is not a Trading Day or a Market Disruption Event has occurred, its good faith estimate of the closing price that would have prevailed for such securities) on such date of each security most recently
included in the Index. See “—Market Disruption Events.” As used herein, “closing price” means, with respect to any security on any date, the last reported sales price regular way on such date or, in case no such
reported sale takes place on such date, the average of the reported closing bid and asked prices regular way on such date, in either case on the primary organized exchange or trading system on which such security is then listed or admitted to
trading. 
 “Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of April 30,
2012 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 Average 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 relevant
Index Sponsor or any other entity and calculate the Average 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.

  
 3 

 In the event that the Index Sponsor discontinues publication of the Index and the
Calculation Agent does not select a Successor Equity Index, the Calculation Agent will compute a substitute level for the Index in accordance with the procedures last used to calculate the Index before any discontinuance. If a Successor Equity Index
is 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 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 so that the Index does not, in the opinion of the Calculation Agent, fairly represent the level of the Index had those changes or modifications not been made, then, from and after that time,
the Calculation Agent will, at the close of business in New York, New York, on the date that the Closing Level of the Index is to be calculated, make any adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order
to arrive at a value of an equity index comparable to the Index as if those changes or modifications had not been made, and calculate the level of the Index with reference to such equity index, as so adjusted. 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, with respect to the Index, any of the following events as determined by the Calculation Agent in its sole discretion: 

 

	 	(A)	A material suspension or material limitation of trading in the securities which then comprise 20% or more of the level of the Index or any Successor Equity Index has
been imposed by the Relevant Exchanges on which those securities are traded, at any time during the one-hour period preceding the Close of Trading on such day, whether by reason of movements in price exceeding limits permitted by those Relevant
Exchanges or otherwise. 

  

	 	(B)	A material suspension or material limitation of trading has occurred on that day, in each case during the one-hour period preceding the Close of Trading in options or
futures contracts related to the Index or any Successor Equity Index, on the primary exchange or quotation system on which those options or futures contracts are traded, whether by reason of movements in price exceeding levels permitted by the
exchange, the quotation system or otherwise. 

  

	 	(C)	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, the securities that then comprise 20% or more of the level of the Index or any Successor Equity Index, at any time during the one-hour period that ends at the Close of Trading on that day. 

 

	 	(D)	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, the futures or options contracts relating to the Index or any Successor Equity Index on the primary exchange or quotation system on which those futures or options contracts are traded, at any time during the one-hour period that ends at
the Close of Trading on that day. 

  
 4 

	 	(E)	The closure of the Relevant Exchanges on which the securities that then comprise 20% or more of the level of the Index or any Successor Equity Index are traded or the
primary exchange or quotation system on which futures or options contracts relating to the Index or any Successor Equity Index are traded prior to its scheduled Close of Trading unless the earlier closing time is announced by the Relevant Exchanges,
the primary exchange or the quotation system, as applicable, at least one hour prior to the earlier of (1) the actual closing time for the regular trading session on the Relevant Exchanges, the primary exchange or the quotation system, as
applicable, and (2) the submission deadline for orders to be entered into the relevant exchanges, the primary exchange or the quotation system, as applicable, for execution at the Close of Trading on that day. 

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

 

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

 

	 	(2)	“Close of Trading” means in respect of any Relevant Exchange, primary exchange or quotation system, the scheduled weekday closing time on a day on
which such Relevant Exchange, primary exchange or quotation system is scheduled to be open for trading for its respective regular trading session, without regard to after hours or any other trading outside the regular trading session hours; and

  

	 	(3)	“Relevant Exchange” for any security (or any combination thereof then underlying the Index or any Successor Equity Index) means the primary exchange or
quotation system on which such security is traded, as determined by the Calculation Agent. 

 Calculation Agent

 The Calculation Agent will determine the Redemption Amount and the Average Ending Level. 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 has occurred. 

  
 5 

 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. All percentages and other amounts resulting from any calculation with respect to this Security will be rounded at the Calculation Agent’s discretion. 

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 November 7, 2018. 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; provided, however, that the Redemption Amount will be calculated using (i) the Closing Level(s) ascertained on the Calculation Day(s) that occurred before the date of acceleration and (ii) the Closing Level(s) ascertained on each
of the Trading Days on which a Market Disruption Event has not occurred or is not continuing leading up to the date of acceleration in such number equal to the number of Calculation Days scheduled to occur after the date of acceleration. 

 
  

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose. 
 [The remainder of this page has been left intentionally blank]

  
 6 

 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

  
 7 

 [Reverse of Note] 
 WELLS FARGO & COMPANY 
 MEDIUM-TERM NOTE, SERIES K

 Due Nine Months or More From Date of Issue 

Notes Linked to the Dow Jones Industrial AverageSM 
 due November 7, 2018 
 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 

  
 8 

 
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 form, having the same date of issuance, Stated Maturity Date and other terms and of authorized
denominations aggregating a like amount. 

  
 9 

 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 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 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. 

  
 10 

 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)

  
 11 

 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. 

  
 12

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