Document:

Form of Medium-Term Notes, Series P

 Exhibit 4.2 

[Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
  

					
	 CUSIP NO. 95000N2D0
	  	 	PRINCIPAL AMOUNT: $                  	 
	 REGISTERED NO.       
	  			

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES P 

Due Nine Months or More From Date of Issue 

Notes Linked to the Consumer Price Index due February 24, 2027 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of
                                         
          DOLLARS ($                    ) on February 24, 2027 (the “Stated
Maturity Date”) and to pay interest thereon from February 24, 2017 or from the most recent Interest Payment Date to which interest has been paid or duly provided for monthly on the 24th
day of each month, commencing March 24, 2017, and at Maturity (each, an “Interest Payment Date”), at the rate per annum specified below until the principal hereof is paid or made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on
the Regular Record Date for such interest next preceding such Interest Payment Date. The Regular Record Date for an Interest Payment Date shall be one Business Day prior to such Interest Payment Date. If an Interest Payment Date is not a Business
Day, interest on this Security shall be payable on the next day that is a Business Day, with the same force and effect as if made on such Interest Payment Date, and without any interest or other payment with respect to the delay. “Business
Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York. 

Except as described below for the first Interest Period, on each Interest Payment Date, interest will be paid for the period
commencing on and including the immediately preceding Interest Payment Date and ending on and including the day immediately preceding that Interest 

 
Payment Date. This period is referred to as an “Interest Period.” The first Interest Period will commence on and include February 24, 2017 and end on and include
March 23, 2017. 
 Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months.

 The interest rate on this Security that will apply during the first twenty-four Interest Periods (up to and including the
Interest Period ending February 23, 2019) will be equal to 3.00% per annum. For all Interest Periods commencing on or after February 24, 2019, the interest rate on this Security will be determined by the calculation agent for this
Security (the “Calculation Agent”) and will be equal to the CPI Rate on the Interest Determination Date for such Interest Period plus 1.00%, subject to the Maximum Interest Rate and the Minimum Interest Rate. 

The “CPI Rate” means, for any Interest Determination Date, the lagging year-over-year percentage change in
the Index (as defined below) (which could be negative), calculated as follows: 
 Ref CPIt – Ref CPIt-12 

Ref CPIt-12 

where, 
  

	 	●	 	 the “Ref CPIt” is the level of
the Index for the third calendar month prior to the calendar month of such Interest Determination Date (the “Reference Month”), and 

	 	●	 	 the “Ref CPIt-12” is the level
of the Index for the twelfth calendar month prior to such Reference Month. 

 The “Index”
is the All Items Consumer Price Index for All Urban Consumers (CPI-U) U.S. City Average before seasonal adjustment published by the Bureau of Labor Statistics of the U.S. Department of Labor (Bloomberg:
CPURNSA), as determined by the Calculation Agent in accordance with the procedures set forth herein. 
 The
“Interest Determination Date” for an Interest Period commencing on or after February 24, 2019 is the first day of such Interest Period. 

The “Maximum Interest Rate” is 5.00% per annum. 

The “Minimum Interest Rate” is 0.00% per annum. 

If by 3:00 p.m., New York City time, on any Interest Determination Date the Index is not published on Bloomberg screen
CPURNSA for any relevant month, but has otherwise been published by the Bureau of Labor Statistics of the U.S. Department of Labor (the “BLS”), the Calculation Agent will determine the Index as reported by the BLS for such month
using such other source as appears on its face to accurately set forth the Index as reported by the BLS, as determined by the Calculation Agent. 

  
 2 

 In calculating
Ref CPIt and Ref CPIt-12, the Calculation Agent will use the most recently available value of the Index
determined as described above on the applicable Interest Determination Date, even if such value has been adjusted from a prior reported value for the relevant month. However, if a value of Ref CPIt and Ref CPIt-12 used by the Calculation Agent on any Interest Determination Date to determine the interest rate on this
Security (an “Original CPI Level”) is subsequently revised by the BLS, the Calculation Agent will continue to use the Original CPI Level, and the interest rate determined on such Interest Determination Date will not be revised. 

The current base reference period used by BLS is “1982-1984 CPI.” If the Index is rebased to a different year or
period and the 1982-1984 CPI is no longer used, the base reference period for this Security will continue to be the 1982-1984 reference period as long as the 1982-1984 CPI continues to be published. 

If, while this Security is outstanding, the Index is discontinued or substantially altered, as determined by the Calculation
Agent in its sole discretion, the Calculation Agent will determine the interest rate on this Security for all Interest Periods commencing on or after February 24, 2019 by reference to the applicable substitute index that is chosen by the
Secretary of the Treasury for the Department of the Treasury’s Inflation-Linked Treasuries as described at 62 Federal Register 846-874 (January 6, 1997) or, if
no such securities are outstanding, the substitute index will be determined by the Calculation Agent in accordance with general market practice at the time; provided that the procedure for determining the resulting interest rate is administratively
acceptable to the Calculation Agent. 
 The Calculation Agent shall, upon the request of a Holder of this Security, provide
the interest rate then in effect and, if determined, the interest rate that will become effective for the next Interest Period. All calculations of the Calculation Agent, in the absence of manifest error, shall be conclusive for all purposes and
binding on the Company and the Holder hereof. The Calculation Agent shall notify the Paying Agent of each determination of the interest applicable to this Security promptly after the determination is made. Wells Fargo Securities, LLC will initially
act as Calculation Agent. The Company may appoint a successor Calculation Agent with the written consent of the Trustee. 

Any interest not punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange
on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of interest on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of
the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last 

  
 3 

 
address as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person. Payment of principal of and interest on this Security at Maturity
will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota. Notwithstanding the foregoing, for so long as this Security is a Global Security registered
in the name of the Depositary, payments of principal and interest on this Security will be made to the Depositary by wire transfer of immediately available funds. 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior
to February 24, 2027. This Security is not entitled to any sinking fund. 
  

 

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

  
 4 

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

DATED:                         
      
  

					
	WELLS FARGO & COMPANY
		
	By:	 	 
		
		 	
		 	 Its:
	 	 

 [SEAL] 
  

					
	Attest:	 	 
		
		 	
		 	 Its:
	 	 

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
 This is one of the Securities of the 

series designated therein described 
 in the within-mentioned Indenture. 
 CITIBANK, N.A., 

as Trustee 
  

			
		
	By:	 	 
		 	 Authorized Signature

 OR 
  

			
	 WELLS FARGO BANK, N.A.,

  as Authenticating Agent for the Trustee

		
	By:	 	 
		 	 Authorized Signature

  
 5 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES P 

Due Nine Months or More From Date of Issue 

Notes Linked to the Consumer Price Index due February 24, 2027 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series P, of the Company, which series is limited to an aggregate principal amount of $25,000,000,000 or the equivalent thereof in one or more foreign or composite currencies.
The Securities of this series will bear interest at a fixed rate or a floating rate. The Securities of this series may mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different
times or not at all and be denominated in different currencies. 
 Article Sixteen of the Indenture shall not apply to this
Security. 
 Article Seventeen of the Indenture shall apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

Events of Default 

“Event of Default”, whenever used herein with respect to the Securities of this series, means any one of the
following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body): 
 (1) default in the payment of any interest upon any Security of
this series when it becomes due and payable, and continuance of such default for a period of 30 days; or 

  
 6 

 (2) default in the payment of the principal of any Security of
this series at its Maturity, and continuance of such default for a period of 30 days; or 
 (3) default
in the performance, or breach, of any covenant or warranty of the Company in the Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in Section 501 of the Indenture specifically dealt with or
which has expressly been included in the Indenture solely for the benefit of Securities of a series other than the Securities of this series), and continuance of such default or breach for a period of 90 days after there has been given by registered
or certified mail, to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of this series, a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” under the Indenture, or 

(4) the failure of the Company, subject to the provisions of Section 1008 of the Indenture, to observe
and perform the covenants contained in Section 1005 of the Indenture; or 
 (5) the entry by a court
having jurisdiction of (A) a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency or similar law or (B) a decree or order adjudging the
Company a bankrupt or insolvent, or approving a petition seeking receivership, insolvency or liquidation of or in respect of the Company under any applicable Federal or State law, or appointing a receiver, liquidator, trustee or similar official of
the Company, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 

(6) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State
bankruptcy, insolvency or similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, the appointment of a receiver for the Company under any applicable Federal or State bankruptcy, insolvency or similar law following
consent by the Board of Directors of the Company to such appointment, or the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency,
receivership, liquidation or similar law following the Company’s consent to such decree or order. 
 If an Event of
Default specified in Clause (1), (2), (5) or (6) shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. For the
avoidance of doubt, if an Event of Default specified in Clause (3) or (4) shall occur and be continuing, the principal of the Securities of this series may not be declared due and payable. 

Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the 

  
 7 

 
Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also
contains provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount
of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

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

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

  
 8 

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

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

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

No Personal Recourse 

No recourse shall be had for the payment of the principal of or the interest on this Security, or for any claim based hereon,
or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof,
expressly waived and released. 
 Defined Terms 

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

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

  
 9 

 ABBREVIATIONS 

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

					
	 TEN COM
	  	 --
	  	 as tenants in common

			
	 TEN ENT
	  	 --
	  	 as tenants by the entireties

			
	 JT TEN
	  	 --
	  	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

							
	
UNIF GIFT MIN ACT --  
	  	 	  	 Custodian  
	  	 
		  	(Cust)	  		  	(Minor)

 Under Uniform Gifts to Minors Act 
  

 
 (State)

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

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

Please Insert Social Security or 
 Other Identifying Number of
Assignee 
  
  

 

	
	
	 
	
	 
	
	 
	(PLEASE PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP
CODE OF ASSIGNEE)

  
 10 

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

			
		
	Dated:	 	 
		 	

  

	
	
	 
	
	 

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

  
 11FIRST AMENDED AND RESTATED 

 

BOARD OF DIRECTORS SERVICES AGREEMENT

 

This First Amended
and Restated Board of Directors Services Agreement (“Agreement”) is entered into effect on January 1, 2016 between
Helpful Alliance Company, a Florida corporation, with principal address at 700 West Hillsboro Blvd, Suite 1-100, Deerfield Beach,
FL 33441 (the “Company), and Earl B. Hailston, an individual with a principal address at 35015 Sunny Ridge Road, Round Hill,
VA 20141 (the “Director”).

 

WHEREAS,
the Company desires to retain the services of Director for the benefit of the Company and its stockholders; and

 

WHEREAS,
Director desires to continue to serve on the Company’s Board of Directors for the period of time and subject to the terms
and conditions set forth herein;

 

NOW, THEREFORE,
for consideration and as set forth herein, the parties hereto agree as follows:

 

1.
Duties. Director agrees to provide services to the Company as a member of the Board of Directors and devote such
time, attention and energies to the affairs of the Company as necessary to result in the successful business of the Company and
to competently, diligently and effectively discharge all of the duties and responsibilities associated with the position of the
member of the Board of Directors. Director shall, for so long as he remains a member of the Board of Directors, but in any case
not less than one year from the date hereof, meet with the Company upon written request, whether in person or via means of electronic
communication, at dates and times mutually agreeable to the Director and the Company, to discuss any matter involving the Company
or its Subsidiaries, which involves or may involve issues of which Director has knowledge and cooperate in the review, defense
or prosecution of such matters. Director acknowledges and agrees that the Company may rely upon Director’s expertise in business
administration, marketing or other business disciplines in which the Director has expertise with respect to the Company’s
business operations, and that such requests may require additional time and efforts in addition to Director’s customary service
as a member of the Board of Directors. Director will notify the Company promptly if he is subpoenaed or otherwise served with any
legal process in any matter involving the Company or its subsidiaries. Director will notify the Company if any third party, who
is not representing the Company, contacts or attempts to contact the Director (other than Director’s own legal counsel and
accountant) to obtain information that in any way relates to the Company or its Subsidiaries, and the Director will not discuss
any of these matters with any such party without first so notifying the Company and providing the Company with an opportunity to
have its attorney present during any meeting or conversation with any such party.

 

    	Page 1 of 7

    	 

    

 

2. Independent
Director. The Director may perform duties under this Agreement at any place or location as the Director may determine at
its sole discretion. The Director will solely determine the methods, details and means of performing the duties under this Agreement.
The Company shall have the right to identify its objectives, but shall have no right to, and shall not, control the manner or determine
the method of performing the Director’s duties. The Director shall perform duties under this Agreement by use of his own
tools and instrumentalities that may be required to perform such duties. No part of Director’s compensation will be subject
to withholding by the Company for the payment of any social security, federal, state or any other employee payroll taxes. The Director
shall be solely responsible for, and shall file on a timely basis, all tax returns and payments required to be filed with, or made
to, any federal, state and local tax authority with respect to the performance of duties and the compensation received under this
Agreement. The Company will regularly report amounts paid to the Director by filing a Form 1099-MISC with the Internal Revenue
Service as required by law. During the Term of this Agreement, the Director shall not be restricted in any way from participating
in any educational, welfare, social, religious, charitable, civic, investment, employment or other activities as do not interfere
with the business of the Company. The Director will not be entitled under this Agreement to any of the benefits that the Company
may make available to its employees, including, but not limited to, group health, life insurance, profit-sharing or retirement
benefits, paid vacation, holidays or sick leave, or workers’ compensation insurance.

 

3. Compensation.
All compensation arrangements that existed between the Company and the Director in relation to the services on the Board of
Directors prior to execution of this Agreement shall be hereby nulled and void. As compensation for the services provided under
this Agreement, the Company shall pay to Director an amount equal to Twelve Thousand dollars per year, payable by monthly installments
of $1,000 due as of the 15-th day of each calendar month. Payments shall be made to Director for as long as Director continues
to fulfill his duties and provide the services set forth above.

 

4. Stock
Option. The Company hereby acknowledges it has granted to Director, prior to this Agreement, the option to exercise the
amount of 432,000 shares of its Series-X common stock priced at $0.11 per share (“Shares”). When the Director elects
to exercise the option, the Director shall notify the Company in writing of such election by mailing a written notice to the Company
(the “Exercise Notice”). The form of the Exercise Notice is attached to the option agreement, as applicable. Within
ten (10) business days after receipt of the Exercise Notice, the Company shall mail to the Director all documents normally required
by the Company in connection with the sale of its securities. Within ten (10) business days after the Director executes all required
documents, the Company shall mail the stock certificates for the Shares to the Director by certified mail. The Director hereby
acknowledges and agrees that the Shares shall be considered “Restricted Securities”, as defined by the Securities Act
of 1933, as amended, and that the Director cannot sell or otherwise transfer the Shares without registration under applicable state
and federal securities laws or without an exemption therefrom, and is aware that he will be required to bear the financial risks
of the acquisition for an indefinite period of time because, among other reasons, the Shares will have not been registered with
any regulatory authority. The Director further acknowledges and understands that the Company is under no obligation to register
the Shares on his behalf or to assist the Director in complying with any exemption from registration under applicable securities
laws.

 

    	Page 2 of 7

    	 

    

 

5. Reimbursement
of Expenses. The Company will reimburse the Director for reasonable out-of-pocket expenses incurred in connection with
discharging his duties as a Board member. Any expenses over $200 shall be pre-approved by the President of the Company and will
be reimbursed subject to receiving reasonable substantiating documentation relating to such expenses.

 

6. Mutual
Non-Disparagement. Director and the Company mutually agree to forbear from making, causing to be made, publishing, ratifying
or endorsing any and all disparaging remarks, derogatory statements or comments made to any party with respect to either of them.
Further, the parties hereto agree to forbear from making any public or non-confidential statement with respect to the any claim
or complain against either party without the mutual consent of each of them, to be given in advance of any such statement.

 

7. Cooperation.
In the event of any claim or litigation against the Company and/or Director based upon any alleged conduct, acts or omissions
of Director during the tenure of Director as an officer of the Company, whether known or unknown, threatened or not as of the time
of this writing, the Company will cooperate with Director and provide to Director such information and documents as are necessary
and reasonably requested by Director or his counsel, subject to restrictions imposed by federal or state securities laws or court
order or injunction. The Company shall cooperate in all respects to ensure that Director has access all available insurance coverage
and shall do nothing to damage Director’s status as an insured, and shall provide all necessary information for Director
to make or tender any claim under applicable coverage.

 

8. Confidentiality.
Subject to exceptions mutually agreed upon by the parties to this Agreement in advance and in writing, the terms and conditions
of this Agreement shall remain confidential and protected from disclosure except as required by law in connection with any registration
or filing, in relation to a lawful subpoena, or as may be necessary for purposes of disclosure to accountants, financial advisors
or other experts, who shall be made aware of and agree to be bound by the confidentiality provisions hereof.

 

9. Indemnification.
The Company hereby agrees to and shall indemnify the Director and hold Director harmless from and against any and all claims and
liabilities, in either case, actually and reasonably incurred by the Director or on Director’s behalf by reason of the Director’s
participation on the Company’s Board of Directors, to the fullest extent permitted by applicable law. The Company’s
indemnification obligations set forth in this Section 9 shall apply in respect of the Director’s past, present and future
service. The Company and the Director may chose, at any time after the date of this Agreement, enter into a separate indemnification
agreement of a form mutually acceptable to the parties.

 

    	Page 3 of 7

    	 

    

 

For purposes of
this Agreement, the meaning of the phrase “to the fullest extent permitted by applicable law” shall include, but not
be limited to:

 

(A) to
the fullest extent permitted by any provision of the Florida Business Corporation Act, or the corresponding provision of any successor
statute, and

 

(B) to
the fullest extent authorized or permitted by any amendments to or replacements of the Florida Business Corporation Act adopted
after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors.

 

11. Directors
and Officers Insurance. The Company has determined that, in order to attract and retain qualified individuals for
the services on its Board of Directors, the Company will attempt to obtain and maintain, at its sole expense, a liability insurance
to protect persons serving the Company from certain liabilities. Although furnishing of such insurance has been a customary and
widespread practice among United States-based corporations and other business enterprises, the Company believes that, given current
market conditions and trends, such insurance may be available to the Company in the future only at higher premiums and with exclusions.
The Company hereby disclaims, that, as of the date of this Agreement, it has no such insurance coverage whatsoever.

 

12. Adherence
to Inside Information Policies. The Director acknowledges that the Company and its subsidiaries are currently privately-held
companies, which may seek registration with the U.S. Securities and Exchange Commission and/or may become publicly-held and, as
a result, has or will implement the inside information policies designed to preclude its and those of its subsidiaries, from violating
the federal securities laws by trading on material, non-public information or passing such information on to others in breach of
any duty owed to the Company. The Director agrees to abide by the Company’s inside information policies and, in the future,
execute any and all related agreements that will be distributed by the Company with respect to such policies.

 

13. Conflicts
of Interests. During the term of his services as the Company’s Board Member, the Director shall not, directly or
indirectly: (i) participate in any way other than as representative of the Company in the transactions with any of the Company’s
suppliers or customers, including, without limitation, having a financial interest in the Company’s suppliers or customers,
or making loans to, or receiving loans from, the Company’s suppliers or customers. Purchases or sales of the securities of
the Company’s suppliers or customers shall not necessarily constitute a conflict as herein described; (ii) realize a personal
gain or advantage from a transaction in which the Company has an interest or use information obtained in connection with the Director’s
engagement with the Company for the Director’s personal advantage or gain; and (iii) accept any offer to serve as an officer,
director, partner, or manager with or to be employed in an insider capacity by, a person or entity which competes with the Company.

 

14. Termination.
The Director understands that any and all deferred and unpaid Compensation shall be subject to a substantial risk of forfeiture,
and agrees to all risks and uncertainties associated with such deferral.

 

(A) Death
or Incapacity. In the event of the death or incapacity (defined below) of the Director during his services as the Company’s
Board Member, this Agreement shall terminate automatically (“Termination Date”) as of the date of death, or, in the
event of incapacity, upon written notice to the Director; provided, however, that the Director’s estate or legal representative,
as the case may be, shall be entitled to receive, and the Company shall pay the Director’s estate or legal representative,
as the case may be, (i) any Compensation earned and Shares vested as stated above, and owing to the Director through the date of
death or incapacity; and (ii) any business expenses which were properly reimbursable to the Director through the date of death
or incapacity. The Director shall be entitled to no further payment upon such termination.

 

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For purposes of
this Agreement, “Incapacity” shall mean the Director’s inability to perform his duties and obligations hereunder
on account of illness or other impairment, or absence from the meetings requested by the Company, for thirty (30) days or such
longer period as proscribed by applicable law or determined by the Board.

 

(B) Voluntary
Termination. Either party shall have the right to terminate this Agreement at any time for any reason or no reason upon
thirty (30) days prior written notice to the other party, and this Agreement shall terminate upon conclusion of the 30-day notice
(“Termination Date”).

 

In the event this
Agreement is voluntarily terminated pursuant by the Company, the Director shall be entitled to receive, and the Company shall (i)
pay the Director any accrued and unpaid Compensation as set out above, and (ii) issue any Shares vested on or before the Termination
Date as set out above in this Agreement. The Director shall be entitled to no further payment upon such termination.

 

Notwithstanding the
foregoing, if the Director provides the Company with written notice of voluntary termination, the Director shall receive (i) any
accrued and unpaid Compensation as set out above, and (ii) no Shares. The Director shall be entitled to no further payment upon
such termination.

 

(C) Termination
by Expiration of Term. In the event of expiration of the term, this Agreement shall terminate automatically on December
31, 2016 (“Termination Date”). The Director shall be entitled to receive, and the Company shall (i) pay the Director
any accrued and unpaid Compensation as set out above, and (ii) issue any Shares vested on or before the Termination Date as set
out above in this Agreement, and (iii) pay the Director any business expenses which were properly reimbursable to the Director
through the Termination Date. The Director shall be entitled to no further payment upon such termination.

 

15. Unfunded
Agreement. The obligations of the Company under this Agreement shall be paid from the general assets of the Company not
from any particular fund. The Director shall have the status of a general unsecured creditor of the Company, and the Agreement
constitutes a mere promise by the Company to make benefit payments in the future. Nothing contained in this Agreement shall be
interpreted to grant to the Director or any Beneficiary, any right, title or interest in any property of the Company or its shareholders.

 

    	Page 5 of 7

    	 

    

 

16. Entire
Agreement. This Agreement contains the entire understanding and agreement of the parties relating to the subject matter
hereof and supersedes all prior and/or contemporaneous understandings and agreements of any kind and nature (whether written or
oral) among the parties with respect to such subject matter, all of which are merged herein. This Agreement may not be modified,
amended, altered or supplemented, except by a written agreement executed by each of the parties hereto.

 

17. Waiver.
Any waiver by a party hereto of any breach of or failure to comply with any provision or condition of this Agreement by any other
party hereto shall not be construed as, or constitute, a continuing waiver of such provision or condition, or a waiver of any other
breach of, or failure to comply with, any other provision or condition of this Agreement, any such waiver to be limited to the
specific matter and instance for which it is given. No waiver of any such breach or failure or of any provision or condition of
this Agreement shall be effective unless in a written instrument signed by the party granting the waiver and delivered to the other
party hereto in the manner provided for hereunder. No failure or delay by any party to enforce or exercise its rights hereunder
shall be deemed a waiver hereof, nor shall any single or partial exercise of any such right or any abandonment or discontinuance
of steps to enforce such rights, preclude any other or further exercise thereof or the exercise of any other right.

 

18. Attorney’s
Fees. In the event that there is any controversy or claim arising out of or relating to this Agreement, or to the interpretation,
breach or enforcement thereof, and any action or proceeding is commenced to enforce the provisions of this Agreement, the prevailing
party shall be entitled to a reasonable attorney’s fee, costs and expenses.

 

    	Page 6 of 7

    	 

    

 

19. Notices.
All notices, demands, consents, requests, instructions and other communications will be sent to the addresses set forth in the
preamble to this Agreement or to such other address as any party may specify by written notice given to the other party. All such
notices, demands, consents, requests, instructions and other communications to be given or delivered under this Agreement, or in
connection with the transactions contemplated hereby, shall be in writing and shall be deemed to be delivered and received by the
intended recipient as follows: (i) if personally delivered, on the business day of such delivery (as evidenced by the receipt of
the personal delivery service), (ii) if mailed certified or registered mail return receipt requested, four (4) business days after
being mailed, (iii) if delivered by overnight courier (with all charges having been prepaid), on the business day of such delivery
(as evidenced by the receipt of the overnight courier service of recognized standing), or (iv) if delivered by facsimile transmission
or email, on the business day of such delivery if sent by 5:00 p.m. in the time zone of the recipient, or if sent after that time,
on the next succeeding business day (as evidenced by the printed confirmation of delivery generated by the sending party’s
facsimile machine or email). If any notice, demand, consent, request, instruction or other communication cannot be delivered because
of a changed address of which no notice was given, or the refusal to accept same, the notice, demand, consent, request, instruction
or other communication shall be deemed received on the second business day the notice is sent (as evidenced by a sworn affidavit
of the sender and related evidence).

 

20. Governing
Law. This Agreement shall be governed by the law of the State of Florida. In the event of any dispute regarding the performance
or terms hereof, the prevailing party in any litigation shall be entitled to an award of reasonable attorneys’ fees and costs
of suit, together with any other relief awarded hereunder or in accordance with governing law.

 

IN WITNESS WHEREOF,
the parties hereto enter into this Agreement as of the date first set forth above.

 

	THE COMPANY:	 	DIRECTOR:
	 	 	 
	 /s/ Sergey Gurin	 	 /s/ Earl Hailston
	Sergey V. Gurin, Interim CFO	 	Earl B. Hailston

 

    	Page 7 of 7

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