Document:

Certificates of Trust

 Exhibit 4(b) 
 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XIV 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XIV (the “Trust”) is
being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C.
Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XIV. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XIV] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XV 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XV (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett, each
an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XV. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XV] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XVI 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XVI (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett,
each an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XVI. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XVI] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XVII 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XVII (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett,
each an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XVII. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XVII] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XVIII 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XVIII (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett,
each an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XVIII. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XVIII] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XIX 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XIX (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett,
each an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XIX. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XIX] 

 CERTIFICATE OF TRUST 
 OF 
 WELLS FARGO CAPITAL XX 
 THIS CERTIFICATE OF TRUST OF WELLS FARGO CAPITAL XX (the “Trust”) is being duly executed and filed by Wilmington Trust Company, a Delaware banking corporation, and Paul R. Ackerman and Barbara S. Brett, each
an individual, as trustees, to form a statutory trust under the Delaware Statutory Trust Act (12 Del. C. Section 3801 et seq.) (the “Act”). 
  

	 	1.	NAME. The name of the statutory trust formed hereby is Wells Fargo Capital XX. 

  

	 	2.	DELAWARE TRUSTEE. The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square North, 1100 North Market Street,
Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration. 

  

	 	3.	EFFECTIVE DATE. This Certificate of Trust shall be effective upon filing. 

 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the undersigned have executed this Certificate of Trust in accordance with
Section 3811(a)(1) of the Act. 
  

			
	 WILMINGTON TRUST COMPANY,
 not individually
but solely as Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	 Paul R. Ackerman, not individually but
 solely as Trustee

  

			
	
	/s/ Barbara S. Brett
	 Barbara S. Brett, not individually but
 solely as Trustee

  

 [Certificate of Trust – Wells Fargo Capital XX]Declarations of New Trusts

 Exhibit 4(c) 
 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this
“Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”); (ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman
and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee” and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the “Trust”) shall be known as “Wells Fargo Capital XIV” in which name the Trustees, or the Depositor to
the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be sued. 
 2. The
Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees hereby acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate.
The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the parties hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12
Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the
Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with
any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form
included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and
Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable
law or as may be necessary to obtain prior to such execution and delivery of any licenses, consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to
effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of
the Trust, (i) to file with the Securities and Exchange Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”)
(including any pre-effective or post-effective amendments to the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and
certain other securities; (b) any preliminary prospectus or prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XV” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be sued.

 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees hereby
acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the parties
hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XVI” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be sued.

 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees hereby
acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the parties
hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XVII” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be
sued. 
 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees
hereby acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the
parties hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XVIII” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be
sued. 
 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees
hereby acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the
parties hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XIX” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be sued.

 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees hereby
acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the parties
hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

 DECLARATION OF TRUST 
 AND 
 TRUST AGREEMENT 
 This DECLARATION OF TRUST AND TRUST AGREEMENT, dated as of March 14, 2008 (this “Trust Agreement”), among (i) Wells Fargo & Company, a Delaware corporation (the “Depositor”);
(ii) Wilmington Trust Company, a Delaware banking corporation, as Delaware trustee; and (iii) Paul R. Ackerman and Barbara S. Brett, each an individual, as trustees (each of such trustees in (ii) and (iii) a “Trustee”
and collectively, the “Trustees”). The Depositor and the Trustees hereby agree as follows: 
 1. The trust created hereby (the
“Trust”) shall be known as “Wells Fargo Capital XX” in which name the Trustees, or the Depositor to the extent provided herein, may engage in the transactions contemplated hereby, make and execute contracts, and sue and be sued.

 2. The Depositor hereby assigns, transfers, conveys and sets over to the Trustees the sum of Ten Dollars ($10.00). The Trustees hereby
acknowledge receipt of such amount in trust from the Depositor, which amount shall constitute the initial trust estate. The Trustees hereby declare that they will hold the trust estate in trust for the Depositor. It is the intention of the parties
hereto that the Trust created hereby constitute a statutory trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. Section 3801, et seq. (the “Statutory Trust Act”), and that this document constitute the governing
instrument of the Trust. The Trustees are hereby authorized and directed to execute and file a certificate of trust with the Delaware Secretary of State in accordance with the provisions of the Statutory Trust Act. 
 3. The Depositor and the Trustees, together with any additional trustees named therein, will enter into an Amended and Restated Declaration of Trust and
Trust Agreement (herein, the “Amended and Restated Trust Agreement”), satisfactory to each such party and substantially in the form included as an exhibit to the 1933 Act Registration Statement (as defined below), to provide for the
contemplated operation of the Trust created hereby and the issuance of the Capital Securities and Common Securities referred to such Amended and Restated Trust Agreement. Prior to the execution and delivery of such Amended and Restated Trust
Agreement, the Trustees shall not have any duty or obligation hereunder or with respect to the trust estate, except as otherwise required by applicable law or as may be necessary to obtain prior to such execution and delivery of any licenses,
consents or approvals required by applicable law or otherwise. Notwithstanding the foregoing, the Trustees may take all actions deemed proper and necessary to effect the transactions contemplated herein. 
 4. The Depositor and the Trustees hereby authorize and direct the Depositor, as the agent of the Trust, (i) to file with the Securities and Exchange
Commission (the “Commission”) and execute, in each case on behalf of the Trust, (a) the Registration Statement on Form S-3 (the “1933 Act Registration Statement”) (including any pre-effective or post-effective amendments to
the 1933 Act Registration Statement) relating to the registration under the Securities Act of 1933, as amended (the “1933 Act”), of the Capital Securities of the Trust and certain other securities; (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Capital 

 
Securities required to be filed pursuant to Rule 424 under the 1933 Act; and (c) a Registration Statement on Form 8-A (the “1934 Act Registration
Statement”) (including all pre-effective and post-effective amendments thereto) relating to the registration of the Capital Securities of the Trust under the Securities Exchange Act of 1934, as amended; (ii) to file with the New York Stock
Exchange or any other exchange (each, an “Exchange”) and execute on behalf of the Trust one or more listing applications and all other applications, statements, certificates, agreements and other instruments as shall be necessary or
desirable to cause the Capital Securities to be listed on any of the Exchanges; (iii) to file and execute on behalf of the Trust such applications, reports, surety bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the Capital Securities under the securities or blue sky laws of such jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or desirable; (iv) to
execute on behalf of the Trust one or more underwriting agreements relating to the Capital Securities, among the Trust, the Depositor and the underwriter(s) named therein, substantially in the form included as an exhibit to the 1933 Act Registration
Statement; and (v) to apply for and obtain from the Internal Revenue Service an employer identification number for the Trust. In the event that any filing referred to in clauses (i), (ii) and (iii) above is required by the rules and
regulations of the Commission, an Exchange or state securities or blue sky laws, to be executed on behalf of the Trust by one or more of the Trustees, each of the Trustees, in its or her capacity as a Trustee of the Trust, is hereby authorized and,
to the extent so required, directed to join in any such filing and to execute on behalf of the Trust any and all of the foregoing, it being understood that Wilmington Trust Company in its capacity as a Trustee of the Trust shall not be required to
join in any such filing or execute on behalf of the Trust any such document unless required by the rules and regulations of the Commission, the Exchange or state securities or blue sky laws. In connection with the filings referred to above, the
Depositor and Paul R. Ackerman and Barbara S. Brett, each as Trustees and not in their individual capacities, hereby constitute and appoint Paul R. Ackerman and Barbara S. Brett and each of them, as its and their true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for the Depositor or such Trustee or in the Depositor’s or such Trustees’ name, place and stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to the 1933 Act Registration Statement and the 1934 Act Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, the Exchange and
administrators of the state securities or blue sky laws, granting unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to
all intents and purposes as the Depositor or such Trustee might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their respective substitute or substitutes, shall do or cause to be
done by virtue hereof. 
 5. This Trust Agreement may be executed in one or more counterparts. 
 6. The number of Trustees initially shall be three (3) and thereafter the number of Trustees shall be such number as shall be fixed from time to
time by a written instrument signed by the Depositor, which may include the Amended and Restated Trust Agreement, and which may increase or decrease the number of Trustees; provided, however, that to the extent required by the Statutory Trust Act,
one Trustee shall either be a natural person who is a resident of the 

 
State of Delaware or, if not a natural person, an entity which has its principal place of business in the State of Delaware and otherwise meets the
requirements of applicable Delaware law. Subject to the foregoing, the Depositor is entitled to appoint or remove without cause any Trustee at any time. The Trustees may resign upon thirty (30) days’ prior notice to the Depositor.

 7. This Trust Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware (without regard to
“conflict of laws” principles). 
 8. (a) The Trustees and their officers, directors, agents and servants (collectively, the
“Fiduciary Indemnified Persons”) shall not be liable, responsible or accountable in damages or otherwise to the Trust, the Depositor, the Trustees or any holder of the Capital Securities for any loss, damage or claim incurred by reason of
any act or omission performed or omitted by the Fiduciary Indemnified Persons in good faith on behalf of the Trust and in a manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary
Indemnified Persons by this Trust Agreement or by law, except that the Fiduciary Indemnified Persons shall be liable for any such loss, damage or claim incurred by reason of the Fiduciary Indemnified Person’s gross negligence or willful
misconduct with respect to such acts or omissions. 
 (b) The Fiduciary Indemnified Persons shall be fully protected in
relying in good faith upon the records of the Trust and upon such information, opinions, reports or statements presented to the Trust by any person as to matters the Fiduciary Indemnified Persons reasonably believe are within such other
person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Trust, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits,
losses, or any other facts pertinent to the existence and amount of assets from which distributions to holders of Capital Securities or Common Securities might properly be paid. 
 (c) The Depositor agrees, to the fullest extent permitted by applicable law, (i) to indemnify and hold harmless each Fiduciary
Indemnified Person from and against any loss, damage, liability, tax, penalty, expense or claim of any kind or nature whatsoever incurred by the Fiduciary Indemnified Persons by reason of the creation, operation or termination of the Trust in a
manner the Fiduciary Indemnified Persons reasonably believed to be within the scope of authority conferred on the Fiduciary Indemnified Persons by this Trust Agreement, except that no Fiduciary Indemnified Persons shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by the Fiduciary Indemnified Persons by reason of gross negligence or willful misconduct with respect to such acts or omissions, and (ii) to advance expenses (including legal fees) incurred by a
Fiduciary Indemnified Person in defending any claim, demand, action, suit or proceeding, from time to time, prior to the final disposition of such claim, demand, action, suit or proceeding, upon receipt by the Trust of an undertaking by or on behalf
of such Fiduciary Indemnified Persons to repay such amount if it shall be determined that such Fiduciary Indemnified Person is not entitled to be indemnified as authorized in the preceding subsection. 
 (d) The provisions of Section 8 shall survive the termination of this Trust Agreement or the earlier resignation or removal of the
Fiduciary Indemnified Persons. 

 9. No Trustee shall have any liability for the default or failure of the Depositor to carry out its
obligations under this Trust Agreement. 
 **[Signature page to follow]** 

 IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement to be duly executed as of the day
and year first above written. 
  

			
	 WELLS FARGO & COMPANY,
 as Depositor

		
	By:	 	/s/ Barbara S. Brett
		 	Barbara S. Brett
		 	Senior Vice President and Assistant Treasurer

  

			
	 WILMINGTON TRUST COMPANY,
 as
Trustee

		
	By:	 	/s/ J. Christopher Murphy
	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

			
	
	/s/ Paul R. Ackerman
	Paul R. Ackerman, as Trustee

  

			
	
	/s/ Barbara S. Brett
	Barbara S. Brett, as Trustee

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