Document:

EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 REVEL AC, INC. 

OMNIBUS AMENDMENT 
 (SIXTH AMENDMENT TO 2012 CREDIT AGREEMENT AND 
 FIRST AMENDMENT TO
DISBURSEMENT AGREEMENT) 
 This OMNIBUS AMENDMENT (SIXTH AMENDMENT TO 2012 CREDIT AGREEMENT AND FIRST AMENDMENT TO
DISBURSEMENT AGREEMENT) (this “Amendment”) is dated as of February 28, 2013, and entered into among Revel AC, Inc., a Delaware corporation (the “Borrower”), the Guarantors, the 2012 Lenders (as
defined below) party hereto, the Term Loan Lenders (as defined below) party hereto, and JPMorgan Chase Bank, N.A., as administrative agent under the 2012 Credit Agreement (as defined below) (in such capacity, the “2012
Agent”), issuing bank under the 2012 Credit Agreement (in such capacity, the “Issuing Bank”), administrative agent under the Term Loan Credit Agreement (as defined below) (in such capacity, the “Term Loan
Agent”) and disbursement agent under the Disbursement Agreement (as defined below) (in such capacity, the “Disbursement Agent”). 
 Reference is made to (i) that certain Credit Agreement, dated as of May 3, 2012 (as amended pursuant to that certain First Amendment to Credit Agreement, dated as of August 22, 2012, that
certain Incremental Facility Amendment, dated as of August 22, 2012, that certain Incremental Facility Amendment, dated as of August 27, 2012, that certain Second Amendment to Credit Agreement, dated as of December 20, 2012; that certain
Third Amendment to Credit Agreement, dated as of January 30, 2013; that certain Fourth Amendment to Credit Agreement, dated as of February 5, 2013 and that certain Fifth Amendment to Credit Agreement, dated as of February 12, 2013, as
so amended, the “2012 Credit Agreement”), by and among the Borrower, as borrower, the Guarantors, as guarantors, the lenders party thereto (the “2012 Lenders”), the 2012 Agent, the Collateral Agent (as defined
therein) and the other parties thereto, (ii) that certain Credit Agreement, dated as of February 17, 2011 (as amended pursuant to that certain First Amendment to Credit Agreement, dated as of May 3, 2012, that certain Second Amendment
to Credit Agreement, dated as of August 22, 2012, that certain Third Amendment to Credit Agreement, dated as of December 20, 2012, as so amended, the “Term Loan Credit Agreement”) by and among the Borrower, as borrower,
the Guarantors, as guarantors, the lenders party thereto (the “Term Loan Lenders”), the Term Loan Agent, the Collateral Agent (as defined therein) and the other parties thereto and (iii) that certain Amended and Restated Master
Disbursement Agreement, dated as of December 20, 2012 (the “Disbursement Agreement”), by and among the Disbursement Agent, the Term Loan Agent, the 2012 Agent, U.S. Bank National Association, the Borrower and Revel
Entertainment Group, LLC. 
 Capitalized terms used herein without definition shall have the same meanings as set forth in each
of the 2012 Credit Agreement (as amended by this Amendment) and the Term Loan Credit Agreement. 
 W I T
N E S S E T H : 
 WHEREAS, the Borrower has requested certain amendments to
the 2012 Credit Agreement in the manner set forth in this Amendment; 
 WHEREAS, the Borrower has requested certain amendments
to the Disbursement Agreement in the manner set forth in this Amendment; 
 WHEREAS, the 2012 Lenders that have signed this
Amendment (constituting the Required Lenders as defined in the 2012 Credit Agreement (the “Required 2012 Lenders”)), the Issuing Bank and the 2012 Agent have consented and agreed to the modifications to the 2012 Credit Agreement set
forth in this Amendment, subject to the terms and conditions of this Amendment; and 

  

 WHEREAS, the 2012 Agent (acting at the direction of the 2012 Lenders that have signed this
Amendment (constituting the Required 2012 Lenders)), the Term Loan Agent (acting at the direction of the Term Loan Lenders that have signed this Amendment (constituting the Required Lenders as defined in the Term Loan Credit Agreement (the
“Required Term Loan Lenders”)) and the Disbursement Agent have consented and agreed to the modifications to the Disbursement Agreement set forth in this Amendment, subject to the terms and conditions of this Amendment. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt and sufficiency of which is
hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Amendments to the 2012 Credit Agreement.

 (A) Each reference to “Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the
Fifth Amendment)” in the 2012 Credit Agreement is hereby amended by deleting each such reference in its entirety and inserting “Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment
and Schedule 3.12 of the Sixth Amendment)” in replacement therefor. 
 (B) The definition of “Second Amendment Day
Club CapEx LC Maximum Amount” in Section 1.01 of the 2012 Credit Agreement is hereby amended by deleting such definition in its entirety and inserting the following in replacement therefor: 

“Second Amendment Day Club CapEx LC Maximum Amount” shall mean, as of any date of determination, an amount equal to
$7,950,000 less the amount drawn under the Second Amendment Day Club CapEx LC at any time prior to such date plus the amount by which the Second Amendment Day Club CapEx LC Maximum Amount may be increased pursuant to Schedule 3.12 to the Second
Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment and Schedule 3.12 of the Sixth Amendment).” 
 (C)
The following definition of “Second Amendment Day Club CapEx Revolving Loan Basket” is hereby added to Section 1.01 of the 2012 Credit Agreement in the correct alphabetical order: 

“Second Amendment Day Club CapEx Revolving Loan Basket” shall mean, as of any date of determination, an amount equal to
$1,550,000 less the aggregate amount of Revolving Loans the proceeds of which have been used prior to such date for payment of Second Amendment Day Club CapEx (as defined in Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule
3.12 to the Fifth Amendment and Schedule 3.12 of the Sixth Amendment), as such amount may be increased or decreased pursuant to Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment and Schedule 3.12 of
the Sixth Amendment).” 
 (D) The following definition of “Sixth Amendment” is hereby added to
Section 1.01 of the 2012 Credit Agreement in the correct alphabetical order: 
 ‘“Sixth
Amendment” shall mean that certain Omnibus Amendment, dated as of the Sixth Amendment Effective Date, among the Borrower, the Guarantors, the Lenders party thereto, the Administrative Agent, the Issuing Bank and others.” 

(E) The following definition of “Sixth Amendment Effective Date” is hereby added to Section 1.01 of the 2012
Credit Agreement in the correct alphabetical order: 
 ‘“Sixth Amendment Effective Date” shall mean
February 28, 2013.” 

  
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 (F) Section 2.18(j) of the 2012 Credit Agreement is hereby amended by deleting
each reference to “$9,500,000” in its entirety and inserting “7,950,000” in replacement therefor. 
 (G)
Section 3.12(a) of the 2012 Credit Agreement is hereby amended by deleting such section in its entirety and inserting the following in replacement therefor: 
 “(a) Borrower will use the proceeds of the Revolving Loans only for working capital, general corporate purposes, Second Amendment Day Club CapEx (in an amount not the exceed the Second Amendment Day
Club CapEx Revolving Loan Basket) and, to the extent related to Second Amendment Amenities CapEx, to the extent set forth on Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment and Schedule 3.12 to the
Sixth Amendment).” 
 (H) Section 5.01(m) of the 2012 Credit Agreement is hereby amended by deleting such
section in its entirety. 
 (I) Section 6.10(e) of the 2012 Credit Agreement is hereby amended by deleting such
section in its entirety and inserting the following in replacement therefor: 
 “(e) Minimum Liquidity Requirement.
Permit, at any time during the periods set forth below, the sum of (x) the unused amount of the Revolving Commitments plus (y) the lesser of (1) $5,000,000 and (2) the amount of Cash and Cash Equivalents of the Borrower
(excluding Cage Cash and amounts held in accounts subject to the Disbursement Agreement) (the sum of (x) and (y), together, the “Minimum Liquidity Requirement”) to be less than the sum of (a) the Second Amendment Amenities
CapEx Budget Reserve as of the date of determination, (b) the Second Amendment Day Club Revolving Loan Basket as of the date of determination and (c) the amounts set below for such periods: 

 

					
	 TIME PERIOD
	  	MINIMUM LIQUIDITY
REQUIREMENT	 
	 12/20/12 through 1/29/13
	  	$	75,000,000	  
	 1/30/13 through 2/8/13
	  	$	66,000,000	  
	 2/9/13 through 2/12/13
	  	$	59,000,000	  
	 2/13/13 through 2/19/13
	  	$	55,000,000	  
	 2/20/13 through 2/26/13
	  	$	50,000,000	  
	 2/27/13 through 3/15/13
	  	$	35,000,000	  
	 3/16/13 through 4/15/13
	  	$	50,000,000	  
	 4/16/13 through 5/15/13
	  	$	45,000,000	  
	 5/16/13 through 7/1/13
	  	$	20,000,000	  

 ; provided that the Minimum Liquidity Requirement shall be decreased for the period from, and including, the
Business Day immediately preceding a holiday or a weekend to, and including, the Business Day immediately succeeding such holiday or weekend, by the amount, not to exceed $3,000,000 in the aggregate, of any Borrowing of Revolving Loans the proceeds
of which are used by the Borrower to fund Cage Cash during such period, solely to the extent that each such Borrowing is repaid on the last day of such period. 

  
 -3-

 The amount of the Minimum Liquidity Requirement is subject to adjustment upwards from time to time in
respect of certain amounts received by the Borrower relating to cost efficiencies or other savings in accordance with the provisions of Schedule 3.12 to the Second Amendment (as modified pursuant to Schedule 3.12 to the Fifth Amendment and Schedule
3.12 to the Sixth Amendment).” 
 2. Amendments to the Disbursement Agreement. 

(A) Section 3.3.1 of the Disbursement Agreement is hereby amended by deleting such section in its entirety and inserting the
following in replacement therefor: 
 “3.3.1 Reserved” 

(B) Section 3.3.3 of the Disbursement Agreement is hereby amended by deleting such section in its entirety and inserting the
following in replacement therefor: 
 “3.3.3 Compensation of the Disbursement Agent. Notwithstanding anything to the
contrary in the Agency Fee Letters, on and after February 17, 2013, in lieu of payment of the Disbursement Agent Fee (as defined in the Agency Fee Letters) annually in advance on each anniversary of the Closing Date prior to the termination of
this Agreement pursuant to Section 10 hereof, on February 17, 2013 and then on the 17th day of each April, June, August, October, December and February until such time as the Final Completion Date (as the same may be extended in
accordance with this Agreement) shall have occurred, Borrower shall pay, or cause to be paid, to the Disbursement Agent one-sixth of the annual Disbursement Agent Fee. Upon the request of the Borrower (unless an Event of Default has occurred and is
continuing) the Disbursement Agent shall instruct the applicable securities intermediary or account bank to transfer such fees and any other amounts scheduled to be paid under the Agency Fee Letters from the Company Funds Account directly to the
Disbursement Agent.” 
 3. Conditions to Effectiveness. This Amendment shall not become effective unless and until
the conditions precedent set forth below have been satisfied or the satisfaction thereof has been waived in writing by the Required 2012 Lenders and the Required Term Loan Lenders (the date of such effectiveness, the “Omnibus Amendment
Effective Date”): 
 (A) Amendment. Receipt by (i) the 2012 Agent of counterparts of this Amendment, duly
executed and delivered by the 2012 Agent, the Issuing Bank, the Borrower and the Required 2012 Lenders (and by executing and delivering a counterpart hereto, each such Person confirms it consents to the amendments to the 2012 Credit Agreement and
the Disbursement Agreement and the other provisions set forth herein) and (ii) the Term Loan Agent of counterparts of this Amendment, duly executed and delivered by the Term Loan Agent, the Borrower and the Term Loan Required Lenders (and by
executing and delivering a counterpart hereto, each such Person confirms it consents to the amendments to the Disbursement Agreement and the other provisions set forth herein). 

(B) Consents. All necessary consents to the effectiveness of this Amendment, including any approval of any Gaming Authority
required in accordance with any Gaming Law, shall have been obtained and shall be in full force and effect. 
 4. Notice of
Rescission of Delivery of Certificate; Waiver. On February 25, 2013, the Borrower provided a certificate of a Responsible Officer that, among other things, made a certification as required pursuant to Section 5.01(m) of the 2012 Credit
Agreement (as in effect as of such date) (the “5.01(m) Certification”). The Borrower hereby notifies the 2012 Agent and the 2012 Lenders that it has rescinded such 5.01(m) Certification. The 2012 Agent and the 2012 Required Lenders
hereby waive any Default (as defined in the 2012 Credit Agreement) or Event of Default (as defined in the 2012 Credit Agreement) resulting from the delivery of, and subsequent rescission of, the 5.01(m) Certification (the “5.01(m)
Default”). 

  
 -4-

 5. Reference to and Effect on the Loan Documents. On and after the Omnibus Amendment
Effective Date, (i) each reference in the 2012 Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the 2012 Credit Agreement and each reference in
the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the 2012 Credit Agreement shall mean and be a reference to the 2012 Credit Agreement as amended hereby and
(ii) each reference in the Disbursement Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Disbursement Agreement and each reference in the other Loan
Documents to the “Disbursement Agreement”, “thereunder”, “thereof” or words of like import referring to the Disbursement Agreement shall mean and be a reference to the Disbursement Agreement as amended hereby. The 2012
Credit Agreement, the Disbursement Agreement and each other Loan Document, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the
generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents. The execution, delivery and effectiveness of
this Amendment shall not, except as expressly provided herein, operate as an amendment or waiver of any right, power or remedy of any Lender or Agent under any of the Loan Documents, nor constitute an amendment or waiver of any provision of any of
the Loan Documents. 
 6. Representations and Warranties. The Borrower hereby represents and warrants as of the Omnibus
Amendment Effective Date that, (a) immediately before and after giving effect to this Amendment, no Event of Default or Default has occurred and is continuing, except as a direct result of the Borrower’s failure to pay the regularly
scheduled interest payment under the Term Loan Credit Agreement on February 19, 2013 (the “Interest Default”) or the 5.01(m) Default and (b) immediately before and after giving effect to this Amendment, each of the
representations and warranties made by the Loan Parties in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date, except (i) for representations and
warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects only as of such earlier date or (ii) to the extent such representation or
warranties is untrue or incorrect solely as a direct result of the Interest Default or the 5.01(m) Default. 
 7. Costs and
Expenses. The Borrower agrees to reimburse the 2012 Agent, each other Agent (as defined in the 2012 Credit Agreement) and each 2012 Lender for their respective accrued, unpaid and ongoing expenses incurred by them in connection with the 2012
Credit Agreement and protection of their rights thereunder and this Amendment, including the fees, charges and disbursements of (a) counsel to such parties limited to (i) one primary counsel for the Agents under the 2012 Credit Agreement
(presently Cadwalader, Wickersham & Taft LLP), (ii) one primary counsel for the 2012 Lenders (presently Paul, Weiss, Rifkind, Wharton & Garrison LLP), (iii) gaming counsel for the Agents under the 2012 Credit Agreement
(presently Michael & Carroll), (iv) gaming counsel for the 2012 Lenders (presently Fox Rothschild LLP) and (v) to the extent reasonably necessary or advisable, local counsel in New Jersey and (b) any financial advisors,
investment bankers and other specialty consultants retained by the 2012 Agent or counsel for the Agents under the 2012 Credit Agreement and the 2012 Lenders. 
 8. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in
interpreting, this Amendment. 
 9. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  
 -5-

 10. Counterparts. This Amendment may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopier
or other electronic transmission (i.e. a “pdf” or “tif” document) shall be effective as delivery of a manually executed counterpart of this Amendment. 
 [Signatures on Next Page] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date first above written. 
  

					
	REVEL AC, INC.,
	as Borrower
		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL AC, LLC,
 as
Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL ATLANTIC CITY, LLC,
 as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 REVEL ENTERTAINMENT GROUP, LLC,
 as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO
	
	 NB ACQUISITION, LLC,

as Guarantor

		
	By:	 	 /s/ Alan Greenstein

		 	Name:	 	Alan Greenstein
		 	Title:	 	SVP & CFO

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 JPMORGAN CHASE BANK, N.A.,
 as 2012 Agent, Term Loan Agent, Issuing Bank, a 2012 Lender and Disbursement Agent

		
	By:	 	 /s/ Susan E. Atkins

		 	Name:	 	Susan E. Atkins
		 	Title:	 	Managing Director

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 AMERICAN HIGH-INCOME TRUST
as a 2012 Lender and a Term Loan Lender

	
	 By: Capital Research and Management Company, for and on behalf of American High-Income Trust

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 AMERICAN FUNDS INSURANCE SERIES, HIGH-INCOME BOND FUND
as a 2012 Lender and a Term Loan
Lender

	
	 Capital Research and Management Company, for and on behalf of American Funds Insurance Series, High-Income
Bond-Fund

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 AMERICAN FUNDS INSURANCE SERIES – ASSET ALLOCATION FUND
as a Term Loan Lender

	
	 Capital Research and Management Company, for and on behalf of American Funds Insurance Series – Asset Allocation
Fund

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 AMERICAN FUNDS INSURANCE SERIES –
BOND FUND
as a Term Loan Lender

	
	 Capital Research and Management Company, for and on behalf of American Funds Insurance Series – Bond
Fund

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 THE BOND FUND OF AMERICA as a Term Loan Lender

	
	 Capital Research and Management Company, for and on behalf of The Bond Fund of America

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 CAPITAL INCOME BUILDER as a Term Loan Lender

	
	 Capital Research and Management Company, for and on behalf of Capital Income Builder

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	 THE INCOME FUND OF AMERICA as a Term Loan Lender

	
	 Capital Research and Management Company, for and on behalf of The Income Fund of America

		
	By:	 	 /s/ Kristine M. Nishiyama

		 	Name:	 	Kristine M. Nishiyama
		 	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
			
	AAI Canyon Fund plc, solely in respect of Canyon Reflection Fund,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Capital Arbitrage Master Fund, Ltd.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Balanced Master Fund, Ltd.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Distressed Opportunity Master Fund, L.P.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	The Canyon Value Realization Master Fund, L.P.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon-GRF Master Fund, L.P.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
			
	Canyon-GRF Master Fund II, L.P.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon-TCDRS Fund, LLC,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Canyon Value Realization Fund, L.P.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Permal Canyon Fund Ltd.,
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	 Name:
 Title:
	 	 Jonathan M. Kaplan

Authorized Signatory

	
	Canyon Value Realization MAC 18 Ltd.
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory
	
	Citi Canyon Ltd.
	as a 2012 Lender and a Term Loan Lender
	By:	 	Canyon Capital Advisors LLC, its Investment Advisor
		
	By:	 	 /s/ Jonathan M. Kaplan

	Name:	 	Jonathan M. Kaplan
	Title:	 	Authorized Signatory

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	WELLS FARGO PRINCIPAL LENDING, LLC,
	as a 2012 Lender
		
	By:	 	 /s/ R. Michael Bohannon

		 	Name:	 	R. Michael Bohannon
		 	Title:	 	Managing Director

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	JPMORGAN WHITEFRIARS INC.,
	as a 2012 Lender and a Term Loan Lender
		
	By:	 	 /s/ Virginia R. Conway

		 	Name:	 	Virginia R. Conway
		 	Title:	 	Attorney – in – Fact

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	CHATHAM EUREKA FUND, L.P.,
	as a 2012 Lender and a Term Loan Lender
		
	By:	 	Chatham Asset Management, LLC, Investment Advisor
		
	By:	 	 /s/ Kevin O’Malley

		 	Name:	 	Kevin O’Malley
		 	Title:	 	Member

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 
					
	CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.,
	as a 2012 Lender and a Term Loan Lender
		
	By:	 	Chatham Asset Management, LLC, Investment Advisor
		
	By:	 	 /s/ Kevin O’Malley

		 	Name:	 	Kevin O’Malley
		 	Title:	 	Member

  
 [Signature
Page to Sixth Amendment to Credit Agreement] 

 Schedule 3.12 
 [Attached] 

 Schedule 3.12 
 The section entitled “Concerning the Second Amendment Day Club CapEx” in Schedule 3.12 to the Fifth Amendment is hereby amended by deleting such section in its entirety and
inserting the following in replacement therefor: 
 “Concerning the Second Amendment Day Club CapEx 

On or after the Sixth Amendment Effective Date, the Issuing Bank shall issue the Second Amendment Day Club CapEx LC for the account of the Borrower for
the benefit of the general contractor for the construction of the Day Club (the “General Contractor”) in a face amount equal to the Second Amendment Day Club CapEx LC Maximum Amount. The procedure for drawings by the General
Contractor under the Second Amendment Day Club CapEx LC shall be as set forth in the contract between the Borrower and the General Contractor and the proceeds of each such drawing shall be used by the General Contractor solely as payment for Second
Amendment Day Club CapEx. In addition, Revolving Loans in the amount not to exceed the Second Amendment Day Club CapEx Revolving Loan Basket shall be available for payment of Second Amendment Day Club CapEx. 

If Angel Management Group Clubs (“AMG”) honors its obligation to make a capital contribution to a joint venture of Borrower in respect
of the cost of the Second Amendment Day Club CapEx, such joint venture of Borrower may retain such funds, and the Minimum Liquidity Requirement shall be increased by an amount equal to 75% of the amount of such capital contribution from AMG.

 Drawings under the Second Amendment Day Club CapEx LC and the proceeds of Revolving Loans not to exceed the Second Amendment Day Club CapEx
Revolving Loan Basket shall be the sole source of funds for the payment of Second Amendment Day Club CapEx; provided that in the event that the sum of the Second Amendment Day Club CapEx LC and the available Second Amendment Day Club CapEx
Revolving Loan Basket is insufficient to complete and pay for the Second Amendment Day Club CapEx, the Second Amendment Day Club CapEx LC Maximum Amount and/or the Second Amendment Day Club CapEx Revolving Loan Basket may be increased by Borrower in
an amount not to exceed the amount of Second Amendment CapEx Basket then available upon the delivery of a certificate of a Responsible Officer of the Borrower to the Administrative Agent (i) requesting that the Second Amendment Day Club CapEx
LC Maximum Amount and/or the Second Amendment Day Club CapEx Revolving Loan Basket be increased by the amount set forth in such certificate, (ii) describing in detail the reasons for the need for the increase in such amount and
(iii) certifying that such amount is then available in the Second Amendment CapEx Basket (accompanied by calculations supporting such certification). Administrative Agent will promptly forward a copy of each such certificate to the Lenders and
the Issuing Bank. 
 Borrower shall use its commercially reasonable efforts to cause the Second Amendment Day Club CapEx to be completed by
May 31, 2013. Upon Second Amendment Day Club CapEx Final Completion, if the cost to complete the Second Amendment Day Club CapEx is less than $9,500,000, then, upon cancellation of the Second Amendment Day Club CapEx LC, (x) the amount of
the Second Amendment Day Club Revolving Loan Basket shall be reduced to zero and (y) the sum of (i) the face amount of the Second Amendment Day Club CapEx LC as of such cancellation plus (ii) any unused amount of the Second
Amendment Day Club Revolving Loan Basket, that in the aggregate represents the excess of $9,500,000 over the actual cost of completion and that have not otherwise been reallocated in respect of the Second Amendment CapEx Basket shall, subject to the
option of the Borrower as notified to the Administrative Agent, either (1) increase the amount of the Minimum Liquidity Requirement by an 

  

 
amount equal to 75% of the amount so cancelled, and the Administrative Agent shall promptly notify the Borrower and the Revolving Lenders of such change or (2) be drawn by the Borrower as a
Revolving Loan, the proceeds of which shall be transferred into a blocked account at the Administrative Agent, subject to the security interest created by the Security Agreement, to be held in such blocked account and reallocated to the Second
Amendment CapEx Basket for further allocation by the Borrower to the amounts set forth in clauses (a)(i) and/or (a)(iii) thereof in accordance with the definition thereof.” 

  
 -2-<![CDATA[Form of Medium-Term Notes, Series K, Notes Linked to the S&P 500]]>

 Exhibit 4.1 
 [Face of Note] 
 Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
  

			
	 CUSIP NO. 94986RNG2
 REGISTERED
NO.         
	 	FACE AMOUNT: $                     

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 
 Due Nine Months or More From Date of Issue 
 Notes
Linked to the S&P 500® Index 
 due March 6, 2020 
 WELLS FARGO & COMPANY, a corporation duly
organized and existing under the laws of the State of Delaware (hereinafter called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay
to CEDE & Co., or registered assigns, an amount equal to the Redemption Amount (as defined below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts,
on the Stated Maturity Date. The “Initial Stated Maturity Date” shall be March 6, 2020. If no Market Disruption Event (as defined below) occurs or is continuing with respect to the Index (as defined below) on the final
scheduled Calculation Day (as defined below), the Initial Stated Maturity Date will be the “Stated Maturity Date.” If a Market Disruption Event occurs or is continuing with respect to the Index on the final scheduled Calculation
Day, the “Stated Maturity Date” shall be the later of (i) three Business Days (as defined below) after the postponed final Calculation Day and (ii) the Initial Stated Maturity Date. This Security shall not bear any
interest. 
 Any payments on this Security at Maturity will be made against presentation of this Security at the office or
agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose. 
 “Face Amount” shall mean, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.” 

 Determination of Redemption Amount 

The “Redemption Amount” of this Security will equal: 

 

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

 
 

 
  

	 	•	 	 if the Average Ending Level is less than or equal to the Starting Level: the Face Amount. 

“Index” shall mean the S&P 500® Index. 
 The “Pricing Date”
shall mean February 27, 2013. 
 The “Starting Level” is 1515.99, the Closing Level of the Index on the
Pricing Date. 
 The “Closing Level” of the Index on any Trading Day means the official closing level of the
Index as reported by the Index Sponsor on such Trading Day. 
 The “Average Ending Level” will be the
arithmetic average of the Closing Level of the Index on the Calculation Days. 
 The “Participation Rate” is
100%. 
 “Index Sponsor” shall mean S&P Dow Jones Indices LLC. 

“Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which
banking institutions are authorized or required by law or regulation to close in New York, New York. 
 A “Trading
Day” with respect to the Index means a day, as determined by the Calculation Agent, on which (i) the Relevant Exchanges with respect to each security underlying the Index are scheduled to be open for trading for their respective
regular trading sessions and (ii) each Related Exchange is scheduled to be open for trading for its regular trading session. 
 The “Related Exchange” for the Index means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures
or options contracts relating to the Index. 
 The “Relevant Exchange” for any security then underlying the
Index means the primary exchange or quotation system on which such security is traded, as determined by the Calculation Agent. 

  
 2 

 The “Calculation Days” shall be quarterly, on the last Trading Day of each
February, May, August and November, commencing May 2013 and ending February 2020. A Calculation Day is subject to postponement due to the occurrence of a Market Disruption Event. If a Market Disruption Event occurs or is continuing with respect to
the Index on a Calculation Day, such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption Event has not occurred and is not continuing. If such first succeeding Trading Day has not occurred as of the
eighth Trading Day after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed the applicable Calculation Day. If a Calculation Day has been postponed eight Trading Days after the originally scheduled Calculation Day and
a Market Disruption Event occurs or is continuing with respect to the Index on such eighth Trading Day, the Calculation Agent will determine the Closing Level of the Index on such eighth Trading Day in accordance with the formula for and method of
calculating the Closing Level of the Index last in effect prior to commencement of the Market Disruption Event, using the closing price (or, with respect to any of the relevant securities, if a Market Disruption Event has occurred, its good faith
estimate of the value of such securities at the Scheduled Closing Time (as defined below) on the Relevant Exchanges) on such date of each security included in the Index. See “—Market Disruption Events.” As used herein,
“closing price” means, with respect to any security on any date, the relevant exchange traded or quoted price of such security as of the Close of Trading (as defined below) on such date. 

“Calculation Agent Agreement” shall mean the Calculation Agent Agreement dated as of May 29, 2012 between the
Company and the Calculation Agent, as amended from time to time. 
 “Calculation Agent” shall mean the Person
that has entered into the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Average Ending Level and the Redemption Amount, which term shall, unless the context otherwise requires, include its
successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after the
initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 

Discontinuance Of The Index; Alteration Of Method Of Calculation 
 If the Index Sponsor discontinues publication of the Index, and the Index Sponsor or another entity publishes a successor or substitute equity index that the Calculation Agent determines, in its sole
discretion, to be comparable to the Index (a “Successor Equity Index”), then, upon the Calculation Agent’s notification of that determination to the Trustee and the Company, the Calculation Agent will substitute the Successor
Equity Index as calculated by the relevant Index Sponsor or any other entity and calculate the Average Ending Level as described above. Upon any selection by the Calculation Agent of a Successor Equity Index, the Company will cause notice to be
given to the Holder of this Security. 
 In the event that the Index Sponsor discontinues publication of the Index prior to, and
the discontinuance is continuing on, any Calculation Day and the Calculation Agent determines that no Successor Equity Index is available at such time, the Calculation Agent will calculate a 

  
 3 

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

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

	 	(A)	The occurrence or existence of a material suspension of or limitation imposed on trading by the Relevant Exchanges or otherwise relating to securities which then
comprise 20% or more of the level of the Index or any Successor Equity Index at any time during the one-hour period that ends at the Close of Trading on that day, whether by reason of movements in price exceeding limits permitted by those Relevant
Exchanges or otherwise. 

  

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

  
 4 

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

  

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

  

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

  

	 	(F)	The Relevant Exchange for any security underlying the Index or Successor Equity Index or any Related Exchange fails to open for trading during its regular trading
session. 

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

 

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

 

	 	(2)	the “Close of Trading” means the Scheduled Closing Time of the Relevant Exchanges with respect to the securities underlying the Index or any Successor
Equity Index; 

  

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

 

	 	(4)	 an “Exchange Business Day” means any Trading Day for the Index or any Successor Equity Index on which each Relevant Exchange for the
securities underlying the Index or any Successor Equity Index and each Related Exchange 

  
 5 

	 	
are open for trading during their respective regular trading sessions, notwithstanding any such Relevant Exchange or Related Exchange closing prior to its Scheduled Closing Time.

 Calculation Agent 
 The Calculation Agent will determine the Redemption Amount and the Average Ending Level. In addition, the Calculation Agent will (i) determine if adjustments are required to the Closing Level of the
Index under the circumstances described in this Security, (ii) if publication of the Index is discontinued, select a Successor Equity Index or, if no Successor Equity Index is available, determine the Closing Level of the Index under the
circumstances described in this Security, and (iii) determine whether a Market Disruption Event has occurred. 
 The
Company covenants that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall be a broker-dealer, bank or other financial institution) with respect to this Security. 

All determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent
and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. All percentages and other amounts resulting from any calculation with respect to this Security will be rounded at
the Calculation Agent’s discretion. 
 Redemption and Repayment 

This Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to
March 6, 2020. This Security is not entitled to any sinking fund. 
 Acceleration 

If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Redemption Amount
(calculated as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted under the Indenture
will be equal to the Redemption Amount hereof calculated as provided herein; provided, however, that the Redemption Amount will be calculated using (i) the Closing Level(s) ascertained on the Calculation Day(s) that occurred before the date of
acceleration and (ii) the Closing Level(s) ascertained on each of the Trading Days leading up to and including the date of acceleration in such number equal to the number of Calculation Days scheduled to occur on or after the date of
acceleration. 
  
  

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 

  
 6 

 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] 

  
 7 

 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

  
 8 

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

 Due Nine Months or More From Date of Issue 

Notes Linked to the S&P 500® Index 
 due March 6, 2020

 This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

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

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

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

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

  
 9 

 
time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of all
series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain
past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such
series. Solely for the purpose of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in
the requisite aggregate principal amount, the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Face Amount” hereof. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or
waiver is made upon this Security. 
 Defeasance 
 Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating to defeasance at any time of (a) the entire
indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein, shall not apply to this Security. The remaining provisions of
Section 401 of the Indenture shall apply to this Security. 
 Authorized Denominations 

This Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which is an
integral multiple of $1,000. 
 Registration of Transfer 
 Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis, Minnesota, a new Security or Securities of this series, with the same
terms as this Security, in authorized denominations for an equal aggregate Face Amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject to the limitations provided therein and to the limitations
described below, without charge except for any tax or other governmental charge imposed in connection therewith. 
 This
Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a
clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in
its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and
is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for definitive Securities in registered 

  
 10 

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

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary
to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global Security will
not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 Obligation of the Company Absolute 
 No reference herein to the
Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the Redemption Amount at the times, place and rate, and in the coin or currency, herein
prescribed, except as otherwise provided in this Security. 
 No Personal Recourse 

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

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

Governing Law 

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

  
 11 

 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) 

  
 12 

 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. 

  
 13

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