Document:

Employment Agreement

 Exhibit 10.5 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (the
“Agreement”) is made and entered into on this 30th day of December, 2010, but effective as of the date set forth herein, by and between ATP Oil & Gas Corporation (the “Company”), and Leland E. Tate (the
“Executive”). 
 1. Employment. 
 The Company shall employ Executive, and Executive shall be employed by the Company upon the terms and subject to the conditions set forth in this Agreement. 

2. Term of Employment. 
 The period of Executive’s employment under this Agreement shall commence on December 1, 2010 (“Employment Date”), and shall continue for a period of one year, and shall automatically
be renewed for successive one year periods on each anniversary of the Employment Date thereafter, unless Executive’s employment is terminated in accordance with Section 5 below. The period during which Executive is employed hereunder shall
be referred to as the “Employment Period.” 
 3. Duties and Responsibilities. 

(a) Executive shall serve as President. In such capacity, Executive shall perform such duties and have the power, authority, and
functions commensurate with such position in similarly-sized public companies, and have and possess such other authority and functions consistent with such position as may be assigned to Executive from time to time by the Board of Directors (the
“Board”) of the Company. 
 (b) Executive shall devote substantially all of his or her working time, attention and
energies to the business of the Company, and its affiliated entities. Executive may make and manage his or her personal investments (provided such investments in other activities do not violate, in any material respect, the provisions of
Section 9 of this Agreement), be involved in charitable and professional activities, and, with the prior written consent of the Board, serve on boards of other for profit entities, provided such activities do not materially interfere with the
performance of his or her duties. 
 4. Compensation and Benefits. 

(a) Base Salary. During the Employment Period, the Company shall pay Executive a base salary equal to the annual rate currently
paid or such higher rate as may be determined from time to time by the Board (“Base Salary”). Such Base Salary shall be paid in accordance with the Company’s standard payroll practice for its executive officers. Once increased, Base
Salary shall not be reduced. 
 (b) Bonus. Executive will be entitled to participate in the All Employee Bonus and
Discretionary Bonus policies of the Company or any successor policies, as determined by the Compensation Committee of the Board from time to time. Bonuses will be paid at such time and in such manner as established by the Compensation Committee of
the Board. 

 (c) Equity Compensation. Executive shall be eligible to participate in any equity
compensation arrangement or plan offered by the Company to senior executives on such terms and conditions as the Compensation Committee of the Board shall determine. Nothing herein shall be construed to give Executive any rights to any amount or
type of awards, or rights as a shareholder pursuant to any such plan, grant or award except as provided in such award or grant to Executive provided in writing and authorized by the Compensation Committee of the Board. 

(d) Benefit Plans and Vacation. Subject to the terms of such plans, Executive shall be eligible to participate in or receive
benefits under any profit sharing plan, salary deferral plan, medical and dental benefits plan, life insurance plan, short-term and long-term disability plans, or any other health, welfare or fringe benefit plan, generally made available by the
Company to similarly-situated executive employees. The Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any benefit plan, so long as such changes are similarly applicable to
similarly-situated employees generally. 
 During the Employment Period, Executive shall be entitled to vacation each year in
accordance with the Company’s policies in effect from time to time. 
 (e) Expense Reimbursement. The Company shall
promptly reimburse Executive for the ordinary and necessary business expenses incurred by Executive in the performance of the duties hereunder in accordance with the Company’s customary practices applicable to executive officers. The
reimbursement of expenses during a year will not affect the expenses eligible for reimbursement in any other year. 
 (f)
Other Perquisites. Executive shall be entitled to perquisites approved by the Compensation Committee of the Board, and as they may exist from time to time. 
 5. Termination of Employment. 
 Executive’s employment may be
terminated during the Employment Period only under the following circumstances: 
 (a) Death. Executive’s employment
hereunder shall terminate upon Executive’s death. 
 (b) Total Disability. The Company may terminate
Executive’s employment hereunder if Executive becomes “Totally Disabled.” For purposes of this Agreement, Executive shall be considered “Totally Disabled” if Executive has been physically or mentally incapacitated so as to
render Executive incapable of performing the essential functions of Executive’s employment position and that condition is expected to result in death or to last for a continuous period of at least 12 months. Executive’s receipt of
disability benefits under the Company’s long-term disability plan or receipt of Social Security disability benefits shall be deemed conclusive evidence of Total Disability for purpose of this Agreement. 

  
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 (c) Termination by the Company for Cause. The Company may terminate Executive’s
employment hereunder for “Cause” at any time after providing a Notice of Termination for Cause to Executive. 
 (i) For purposes of this Agreement, the term “Cause” means any of the following: Executive’s (A) continual refusal to perform Executive’s employment duties reasonably requested by
the Company after receipt of written notice to Executive of such failure to perform, specifying such failure (other than as a result of Executive’s sickness, illness or injury) and Executive’s failure to cure such nonperformance within ten
days of receipt of such written notice; (B) breach of any statutory or common law duty of loyalty to the Company; (C) conviction of, or plea of nolo contendre to, any felony; (D) willful or intentional cause of material injury to the
Company, its property, or its assets; (E) material violation or a repeated violation of any legal standards, laws or regulations, or of the Company’s policies or procedures, including but not limited to, the Company’s Code of Business
Conduct and Ethics (or any successor policy) then in effect; or (F) breach of any of the covenants set forth in this Agreement. 
 (ii) For purposes of this Agreement, the phrase “Notice of Termination for Cause” shall mean a written notice that shall indicate the specific termination provision or provisions in
Section 5(c)(i) relied upon, and shall set forth in reasonable detail the facts and circumstances which provide the basis for termination for Cause. 
 (d) Voluntary Termination by Executive. Executive may terminate his or her employment hereunder with or without Good Reason at any time upon written notice to the Company. 

(i) A termination for “Good Reason” means a resignation of employment by Executive by written notice
(“Notice of Termination for Good Reason”) given to the Company’s Chief Executive Officer within 90 days after the occurrence of the Good Reason event, unless such circumstances are substantially corrected prior to the date of
termination specified in the Notice of Termination for Good Reason. For purposes of this Agreement, “Good Reason” shall mean the occurrence or failure to cause the occurrence, as the case may be, without Executive’s express written
consent, of any of the following circumstances: (A) the Company either (I) materially diminishes Executive’s core duties or responsibility for those core duties, so as to effectively cause Executive to no longer be performing the
duties of his or her position (except in each case in connection with the termination of Executive’s employment for Death, Total Disability, or Cause, or temporarily as a result of Executive’s illness or other absence) or (II) assigns
duties to the Executive that are inconsistent in any substantial respect with the position, authority, or responsibilities associated with the office of President for a substantial period of time; (B) in the event of the Company becoming a
fifty percent or more subsidiary of any other entity, the Company materially diminishes the duties, authority or responsibilities of the person to whom Executive is required to report; (C) failure to re-elect the Executive to the officer
position with the Company specified herein, or removal of the Executive from any of his or her then officer positions; (D) any material breach by the Company of any provision of this Agreement; or (E) failure of any successor to the
Company (whether direct or indirect and whether by merger, acquisition, 

  
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consolidation or otherwise) to assume in a writing delivered to Executive upon the assignee becoming such, the obligations of the Company hereunder, resulting in a material negative change in the
employment relationship. 
 (ii) A “Notice of Termination for Good Reason” shall mean a notice that
shall indicate the specific termination provision or provisions relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination for Good Reason. The Notice of Termination for Good Reason
shall provide for a date of termination not less than 30 nor more than 60 days after the date such Notice of Termination for Good Reason is given, provided that in the case of the events set forth in Sections 5(d)(i)(A) or (B), the date may be 20
days after the giving of such notice. 
 (e) Termination by the Company without Cause. The Company may terminate
Executive’s employment hereunder without Cause at any time upon written notice to Executive. 
 (f) Effect of
Termination. Upon any termination of employment for any reason, Executive shall immediately resign from all Board memberships and other positions with the Company or any of its subsidiaries held by Executive at such time. 

6. Compensation Following Termination of Employment. 
 In the event that Executive’s employment hereunder is terminated in accordance with Section 5 above, Executive shall be entitled to the compensation and benefits provided under this
Section 6, in each case subject to adjustment as may be required by Section 21, as applicable to the form of termination: 
 (a) Termination by Reason of Death. Executive’s employment is terminated by reason of Executive’s death, the Company shall pay the following amounts to Executive’s beneficiary or
estate: 
 (i) Any accrued but unpaid Base Salary for services rendered to the date of death, any accrued but
unpaid expenses required to be reimbursed under this Agreement, any vacation accrued to the date of termination, any earned but unpaid bonuses for any prior calendar year, and, to the extent not otherwise previously paid, a pro-rata bonus for the
current calendar year to the extent payments are awarded to other senior executives of the Company, payable at the same time as paid to the other senior executives. 

(ii) Any benefits accrued through the date of termination to which Executive may be entitled pursuant to the plans,
policies and arrangements (including those referred to in Section 4(c) hereof), as determined and paid in accordance with the terms of such plans, policies and arrangements. 

(b) Termination by Reason of Total Disability. Executive’s employment is terminated by the Company by reason of
Executive’s Total Disability (as determined in accordance with Section 5(b)), the Company shall pay the following amounts to Executive: 
 (i) Any accrued but unpaid Base Salary for services rendered to the date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any vacation accrued to the date of
termination, any earned but unpaid bonuses for any prior calendar year, and, to the extent not otherwise previously paid, a pro-rata bonus for the current calendar year to the extent payments are awarded to other senior executives of the Company,
payable at the same time as paid to the other senior executives. 

  
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 (ii) Any benefits accrued through the date of termination to which Executive
may be entitled pursuant to the plans, policies and arrangements (including those referred to in Section 4(c) hereof) shall be determined and paid in accordance with the terms of such plans, policies and arrangements. 

(c) Termination for Cause. Executive’s employment is terminated by the Company for Cause, the Company shall pay the following
amounts to Executive: 
 (i) Any accrued but unpaid Base Salary for services rendered to the date of termination,
any accrued but unpaid expenses required to be reimbursed under this Agreement, any vacation accrued to the date of termination, and any earned but unpaid bonuses for any prior calendar year. 

(ii) Any benefits accrued through the date of termination to which Executive may be entitled pursuant to the plans,
policies and arrangements (including those referred to in Section 4(c) hereof up to the date of termination) shall be determined and paid in accordance with the terms of such plans, policies and arrangements. 

(d) Voluntary Termination by Executive. Executive voluntarily terminates employment other than for Good Reason, the Company shall
pay the following amounts to Executive: 
 (i) Any accrued but unpaid Base Salary for services rendered to the
date of termination, any accrued but unpaid expenses required to be reimbursed under this Agreement, any vacation accrued to the date of termination, and any earned but unpaid bonuses for any prior calendar year. 

(ii) Any benefits accrued through the date of termination to which Executive may be entitled pursuant to the plans,
policies and arrangements (including those referred to in Section 4(c) hereof up to the date of termination) shall be determined and paid in accordance with the terms of such plans, policies and arrangements. 

(e) Termination by the Company Without Cause Outside a Change in Control Period; Termination by Executive for Good Reason Outside a
Change in Control Period. If Executive’s employment is terminated by the Company outside a Change in Control Period (as defined in Section 7 below) for reasons other than death, Total Disability or Cause, or Executive terminates his or
her employment for Good Reason outside of a Change in Control Period, the Company shall pay the following amounts or provide the following benefits, as applicable, to Executive: 

(i) Any accrued but unpaid Base Salary for services rendered to the date of termination, any accrued but unpaid expenses
required to be reimbursed under this Agreement, any vacation accrued to the date of termination, and any earned but unpaid bonuses for any prior calendar year. 

  
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 (ii) Any benefits accrued through the date of termination to which Executive
may be entitled pursuant to the plans, policies and arrangements referred to in Section 4(c) hereof shall be determined and paid in accordance with the terms of such plans, policies and arrangements. 

(iii) An amount equal to the Base Salary that the Executive would have received if he or she had
remained employed by the Company until the end of the term of employment provided in Section 2 above, at the rate in effect as of the date of termination, which shall be paid in a lump-sum on the 60th day after the effective date of Executive’s termination;
provided that in the case of termination by Executive for Good Reason, payment of such amount is subject to Executive’s execution of a Release (as defined in Section 7). 

(iv) To the extent not otherwise previously paid, a pro-rata bonus for the current calendar year to the extent payments
are awarded to other senior executives of the Company, payable at the same time as paid to the other senior executives; provided that in the case of termination by Executive for Good Reason, payment of such amount is subject to Executive’s
execution of a Release. 
 (v) One year of continued medical, dental, life and disability
benefits, for the Executive, his spouse and eligible dependents, at the same cost and under the same terms as active employees; provided that in the case of termination by Executive for Good Reason, provision of such benefits is subject to
Executive’s execution of a Release and such coverage will begin on the 60th day after the effective date of Executive’s termination. In the event that the Executive’s continued participation in any such plan, program, or arrangement of the Company is prohibited by law
or the terms of the plan or contract, the Company will arrange to provide Executive with benefits substantially similar to those which Executive would have been entitled to receive under such plan, program, or arrangement for such period on a basis
which provides Executive with no additional after tax cost. 
 7. Resignation by Executive for Good Reason During a Change in
Control Period or Termination by Company Without Cause During a Change in Control Period. 
 (a) Certain Terminations
During a Change in Control Period. Subject to adjustment to the extent required by Section 21, if a Change in Control occurs and (x) Executive terminates his or her employment for Good Reason during a Change in Control Period, or
(y) the Company terminates Executive’s employment without Cause (and for reason other than Death or Total Disability) during a Change in Control Period, the Company shall pay the following amounts to Executive: 

(i) The payments and benefits provided for in Section 6(e)(i), (ii), (iv) and (v) in the same form as
provided for therein. 

  
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 (ii) An amount equal to 1.5 times the sum of
Executive’s Base Salary (as then in effect) plus the amount, if any, paid as a bonus during the 12-month period prior to the date of termination, which shall be paid in a lump sum on the
60th day after the later of the effective date of
Executive’s termination or the Change in Control; provided that in the case of termination by Executive for Good Reason, payment of such amount is subject to Executive’s execution of a Release. 

(b) Certain Definitions. 
 (i) For purposes of this Agreement, “Change in Control” means the first to occur on or after the date on which this Agreement is first signed: 

(A) any person, as such term is used in Sections 13(d) and 14(d) of the Exchange Act (as defined below) (other than
(1) the Company, (2) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, (3) any corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same
proportions as their ownership of the common stock of the Company or (4) the officers and directors of the Company collectively), is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company (not including the securities beneficially owned by such person or any securities acquired directly from the Company or its affiliates) representing more than 25% of the combined voting power of the Company’s then
outstanding voting securities; 
 (B) during any period of not more than two consecutive years, individuals who
at the beginning of such period constitute the Board (such board of directors being referred to herein as the Existing Board), and any new director (other than a director designated by a person who has entered into an agreement with the Company to
effect a transaction described in clause (A), (C) or (D) of this Section 7(b)) whose election by the Existing Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved (other than approval given in connection with an actual or threatened
proxy or election contest), cease for any reason to constitute at least 51 % of such Existing Board; 
 (C)
the shareholders of the Company approve a merger or consolidation of the Company with any other corporation, other than (A) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding without conversion or by being converted into voting securities of the surviving or parent entity) more than 50% of the combined voting

  
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power of the voting securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation or (B) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no person (as hereinabove defined) acquires more than 25% of the combined voting power of the Company’s then outstanding securities; or 

(D) the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of 50% or more of the Company’s assets (or any transaction having a similar effect). 
 (ii) For purposes of this Agreement, “Change in Control Period” means the period commencing on the date occurring six months immediately prior to the date on which a Change in Control occurs and
ending on the first anniversary of the date on which a Change in Control occurs. 
 (iii) For purposes of this
Agreement, “Exchange Act” means the Securities and Exchange Act of 1934, as amended from time to time; 

(iv) For purposes of this Section 7, “Person” shall have the meaning set forth in Section 3(a)(9) of
the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (1) the Company, (2) a trustee or other fiduciary holding securities under an employee benefit plan of the Company,
(3) an employee benefit plan of the Company, (4) an underwriter temporarily holding securities pursuant to an offering of such securities or (5) a corporation owned, directly or indirectly, by the shareholders of the Company in
substantially the same proportions as their ownership of shares of Common Stock of the Company. 
 (v) For
purposes of this Agreement, “Release” means that specific document which the Company shall present to Executive for consideration and execution after any termination of employment by Executive for Good Reason, wherein if Executive agrees
to such, Executive will irrevocably and unconditionally release and forever discharge the Company, it subsidiaries, affiliates and related parties from any and all causes of action which Executive at that time had or may have had against the Company
(excluding any claim for indemnity under this Agreement, any claim under state workers’ compensation or unemployment laws, or any claim under COBRA). 
 8. No Other Benefits or Compensation. Except as may be provided under this Agreement, or under the terms of any incentive compensation, equity compensation, employee benefit, or fringe benefit plan
applicable to Executive at the time of Executive’s termination or resignation, Executive shall have no right to receive any other compensation, or to participate in any other plan, arrangement or benefit, with respect to future periods after
such termination or resignation. 
 9. Covenants. 

(a) Company Property. All written materials, records, data, and other documents prepared or possessed by Executive during
Executive’s employment with the 

  
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Company are the Company’s property. All information, ideas, concepts, improvements, discoveries, and inventions that are conceived, made, developed, or acquired by Executive individually or
in conjunction with others during Executive’s employment (whether during business hours and whether on the Company’s premises or otherwise) which relate to the Company’s business, products, or services are the Company’s sole and
exclusive property. All memoranda, notes, records, files, correspondence, drawings, manuals, models, specifications, computer programs, maps, and all other documents, data, or materials of any type embodying such information, ideas, concepts,
improvements, discoveries, and inventions are the Company’s property. Executive is prohibited from using the Company’s property for any purposes other than the furtherance of its business, absent express written permission approving some
other purpose (e.g., charitable). At the termination of Executive’s employment with the Company for any reason, Executive shall return all of the Company’s documents, data, or other Company property to the Company. 

(b) Confidential Information; Non-Disclosure. Executive acknowledges that the business of the Company is highly competitive and
that the Company and will provide Executive with access to “Confidential Information” relating to the business of the Company and its affiliates. Executive agrees never to use or disclose the Confidential Information in any manner that is
not consistent with the Company’s best interest, as set forth in more detail below. 
 For purposes of this Agreement,
“Confidential Information” means and includes the Company’s information (past, current and future) that it uses or will use to conduct its business, that it treats and protects as secret and that cannot be obtained readily by third
parties from outside sources, whether or not that information rises to the level of “trade secret” as that terms is defined by Texas law. Confidential Information includes, by way of example and without limitation, the following
information: financial information, statistical information, geological information, geophysical information, engineering information, operating information, technical information, title information, facilities and equipment, personnel policies and
benefits, management, personnel, data systems, business practices, business plans, quality assessment, identity of investors or limited partners, projects in which Company is currently engaged, or in which it proposes to engage, or the identity of
those entities with which it proposes to engage in business or projects or properties of those entities which might form the basis for possible projects with Company based upon Company’s business plan, Company’s business plan or ideas
(whether past, current or planned), business forms, forms of contracts, oil and gas reserve information regarding Company, its projects, or associated with possible projects, or entities with which Company may engage in projects, and any other
information relating to Company that has been or may hereafter be provided or shown to the Executive by the Company, its employees, officers, directors, agents, advisors, investors, limited partners or other representatives (including current or
prospective financing sources) or representatives of such agents and advisors, irrespective of the form of the communication, and also includes all notes, analyses, compilations, studies, summaries or other material prepared by Executive containing
or based, in whole or in part, on any information included in the foregoing. 
 Information need not qualify as a trade secret
to be protected as Confidential Information under this Agreement, and the authorized and controlled disclosure of Confidential Information to authorized parties by Company in the pursuit of its business will not cause the information to lose its
protected status under this Agreement. Executive acknowledges that this Confidential 

  
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Information constitutes a valuable, special, and unique asset used by the Company or its affiliates in their businesses to obtain a competitive advantage over their competitors. Executive further
acknowledges that protection of such Confidential Information against unauthorized disclosure and use is of critical importance to the Company and its affiliates in maintaining their competitive position. 

Executive will also have access to Confidential Information of third parties, such as actual and potential customers, suppliers,
partners, joint venturers, investors, financing sources, and the like, of the Company and its affiliates. 
 The Company’s
willingness to provide Executive with the foregoing Confidential Information is contingent upon Executive’s use of the Confidential Information provided by Company for the exclusive benefit of the Company and upon Executive’s full
compliance with the restrictions on Executive’s conduct provided for in this Agreement. 
 Executive shall never use or
disclose the Confidential Information of the Company or its affiliates in any manner that is inconsistent with the Company’s or its affiliates’ best interest. Executive also agrees to preserve and protect the confidentiality of third party
Confidential Information to the same extent, and on the same basis, as the Company’s Confidential Information. 
 (c)
Covenant Not To Compete. In consideration of the Company’s promise to give Executive access to its Confidential Information, as well as for any additional lawful consideration as Texas law may from time to time recognize, and to enforce
Executive’s promise not to use or disclose such information in a manner inconsistent with the Company’s best interest, Executive agrees to this covenant not to compete. Executive agrees that for a period of one year following the
termination of employment for any reason (“Restricted Term”), Executive will not, directly or indirectly, for Executive or for others, (i) engage, either directly or indirectly, as an employee, a partner, agent, manager, officer or
director, or by means of any corporate or other device, in the acquisition and development of marginal oil and gas fields in the Gulf of Mexico, the North Sea or any other area where the Company owns a working interest in an oil and gas lease or
license (the “Restricted Area”) or (ii) pursue, either directly or indirectly, either for himself/herself or in any capacity for any other person or entity, properties or projects which the Company has evaluated or acquired, unless
expressly authorized to do so in writing by the Chief Executive Officer of the Company. 
 During the Restricted Term, Executive
cannot engage in any of the above enumerated prohibited activities by means of telephone, telecommunications, satellite communications, correspondence, or other contact from outside the Restricted Area. Executive further understands that the
foregoing restrictions may limit his or her ability to engage in certain businesses during the Restricted Term, but acknowledges that these restrictions are necessary to protect the Confidential Information the Company has provided to Executive.

 Executive agrees that this Section does not prevent Executive from using and offering the skills that Executive possessed
prior to receiving access to Confidential Information, confidential training, and knowledge from the Company. 

  
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 (d) Non-Solicitation of Customers. For the Restricted Term, Executive will not,
either directly or indirectly, attempt to induce or encourage any customer of the Company or other source of ongoing business, about whom Executive had access to Company Confidential Information, to stop doing business with Company. 

(e) Non-Disparagement. Executive covenants and agrees that Executive shall not make any negative written or oral statements
(including, without limitation, the repetition or distribution of derogatory rumors, allegations, negative reports or comments) that are damaging to the integrity, reputation or good will of the Company, its management, or of management of
corporations affiliated with the Company. 
 10. Enforcement of Covenants. 

(a) Right to Injunction. Executive acknowledges that a breach of the covenants set forth in Section 9 hereof will cause
irreparable damage to the Company with respect to which the Company’s remedy at law for damages will be inadequate. Therefore, in the event of breach or anticipatory breach of the covenants set forth in Section 9 by Executive, Executive
and the Company agree that the Company shall be entitled to seek the following particular forms of relief, in addition to remedies otherwise available to it at law or equity: (A) injunctions, both preliminary and permanent, enjoining or
restraining such breach or anticipatory breach and, to the extent legally permissible, Executive agrees in advance to the immediate issuance of such injunctions without bond by any court of competent jurisdiction; and (B) recovery of all
reasonable sums as determined by a court of competent jurisdiction expended and costs, including reasonable attorney’s fees, incurred by the Company to enforce the covenants set forth in Section 9. 

(b) Separability of Covenants. The covenants contained in Section 9 constitute a series of separate covenants, one for each
applicable State in the United States and the District of Columbia, and one for each applicable foreign country. If in any judicial proceeding, a court shall hold that any of the covenants set forth in Section 9 exceed the time, geographic, or
occupational limitations permitted by applicable laws, Executive and the Company agree that such provisions shall and are hereby reformed to the maximum time, geographic, or occupational limitations permitted by such laws. Further, in the event a
court shall hold unenforceable any of the separate covenants deemed included herein, then such unenforceable covenant or covenants shall be deemed eliminated from the provisions of this Agreement for the purpose of such proceeding to the extent
necessary to permit the remaining separate covenants to be enforced in such proceeding. Executive and the Company further agree that the covenants in Section 9 shall each be construed as a separate agreement independent of any other provisions
of this Agreement, and the existence of any claim or cause of action by Executive against the Company whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of any of the covenants of
Section 9. 

  
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 11. Indemnification. 

The Company shall indemnify and hold harmless Executive to the fullest extent permitted by Texas law for any action or inaction of
Executive while serving as an officer and director of the Company or, at the Company’s request, as an officer or director of any other entity or as a fiduciary of any benefit plan. This provision includes the obligation and undertaking of the
Executive to reimburse the Company for any fees advanced by the Company on behalf of the Executive should it later be determined that Executive was not entitled to have such fees advanced by the Company under Texas law. The Company shall cover the
Executive under directors and officers liability insurance both during and, while potential liability exists, after the Employment Period in the same amount and to the same extent as the Company covers its other officers and directors. 

12. Arbitration. 
 Except with respect to issues involving the covenants contained in Section 9 herein, the parties agree that any dispute relating to this Agreement, or to the breach of this Agreement, arising between
Executive and the Company, whether or not other parties are involved in such dispute, shall be settled by arbitration in accordance with the Federal Arbitration Act and the commercial arbitration rules of the American Arbitration Association
(“AAA”), or any other mutually agreed upon arbitration service. The arbitration proceeding, including the rendering of an award, shall take place in Houston, Texas, and shall be administered by the AAA (or any other mutually agreed upon
arbitration service). A single arbitrator shall be jointly selected by the Company and Executive within 30 days of the notice of dispute, or if the parties cannot agree, in accordance with the commercial arbitration rules of the AAA (or any other
mutually agreed upon arbitration service). All fees and expenses associated with the arbitration shall be borne equally by Executive and the Company during the arbitration, pending final decision by the arbitrator as to who should bear fees, unless
otherwise ordered by the arbitrator. The arbitrator shall not be authorized to create or recognize a cause of action or remedy not recognized by applicable state or federal law. The award of the arbitrator shall be final and binding upon the parties
without appeal or review, except as permitted by the arbitration laws of the State of Texas. The award shall be enforceable through a court of law upon motion of either party. 
 13. Requirement of Timely Payments. 
 If any amounts which are required, or
determined to be paid or payable, or reimbursed or reimbursable, to Executive under this Agreement (or any other plan, agreement, policy or arrangement with the Company) upon termination of employment are not so paid promptly at the times provided
herein or therein, such amounts shall accrue interest, compounded daily, at an 8% annual percentage rate, from the date such amounts were required or determined to have been paid or payable, reimbursed or reimbursable to Executive, until such
amounts and any interest accrued thereon are finally and fully paid, provided, however, that in no event shall the amount of interest contracted for, charged or received hereunder, exceed the maximum non-usurious amount of interest allowed by
applicable law. 

  
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 14. Withholding of Taxes. 

The Company may withhold from any compensation and benefits payable under this Agreement all applicable federal, state, local, or other
taxes. 
 15. Source of Payments. 
 All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall
be established, and no other segregation of assets made, to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the
extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company. 
 16. Assignment. 
 Except as otherwise provided in this Agreement, this
Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, representatives, successors and assigns. This Agreement shall not be assignable by Executive (but any payments due hereunder which would be
payable at a time after Executive’s death shall be paid to Executive’s designated beneficiary or, if none, his or her estate) and shall be assignable by the Company only to any financially solvent corporation or other entity resulting from
the reorganization, merger or consolidation of the Company with any other corporation or entity or any corporation or entity to or with which the Company’s business or substantially all of its business or assets may be sold, exchanged or
transferred, and it must be so assigned by the Company to, and accepted as binding upon it by, such other corporation or entity in connection with any such reorganization, merger, consolidation, sale, exchange or transfer in a writing delivered to
Executive in a form reasonably acceptable to Executive (the provisions of this sentence also being applicable to any successive such transaction). 
 17. Entire Agreement; Amendment. 
 This Agreement shall supersede any and
all existing oral or written agreements, representations, or warranties between Executive and the Company or any of its subsidiaries or affiliated entities relating to the terms of Executive’s employment by the Company. It may not be amended
except by a written agreement signed by both parties. 
 18. Governing Law and Forum Selection. 

This Agreement shall be governed by and construed in accordance with the laws of the State of Texas applicable to agreements made and to
be performed in that State, without regard to its conflict of laws provisions. Any dispute involving the Company and the Executive, whether or not other parties are involved, and involving in any way this Agreement or the obligations created or
recognized by it, shall take place in Harris County, Texas, unless otherwise required by law, whether arbitrable under Section 12 above or excepted from Section 12 above. 

  
 -13-

 19. Notices. 

Any notice, consent, request or other communication made or given in connection with this Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by registered or certified mail, return receipt requested, or by facsimile or by hand delivery, to those listed below at their following respective addresses or at such other address as each
may specify by notice to the others: 
  

			
	To the Company:	  	ATP Oil & Gas Corporation
		  	4600 Post Oak Place, Suite 100
		  	Houston, Texas 77027
		  	Attention: Corporate Secretary
		
	To Executive:	  	At the address for Executive set forth in Executive’s Form W-2.

 20. Miscellaneous. 
 (a) Waiver. The failure of a party to insist
upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver thereof or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

(b) Separability. Subject to Section 10 hereof, if any term or provision of this Agreement is declared illegal or
unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such term or provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect. 

(c) Headings. Section headings are used herein for convenience of reference only and shall not affect the meaning of any provision
of this Agreement. 
 (d) Rules of Construction. Whenever the context so requires, the use of the singular shall be
deemed to include the plural and vice versa. 
 (e) Counterparts. This Agreement may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, and such counterparts will together constitute but one Agreement. 
 21. Severance Benefits. 
 If any amount payable to the Executive by the
Company or any subsidiary or affiliate thereof, whether under this Agreement or otherwise (a “Payment”), is subject to any tax under section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or any similar
federal or state law (an “Excise Tax”), the Company shall pay to the Executive an additional amount (the “Make Whole Amount”) which is equal to (i) the amount of the Excise Tax, plus (ii) the aggregate amount of any
interest, penalties, fines or additions to any tax which are imposed in connection with the imposition of such Excise Tax, plus (iii) all income, excise and other applicable taxes imposed on the Executive under the laws of any Federal, state or
local government or taxing authority by reason of the payments required under clause (i) and clause (ii) and this clause (iii). 

  
 -14-

 (a) For purposes of determining the Make Whole Amount, the Executive shall be deemed to be
taxed at the highest marginal rate under all applicable local, state, federal and foreign income tax laws for the year in which the Make Whole Amount is paid. The Make Whole Amount payable with respect to an Excise Tax shall be paid by the Company
coincident with the Payment with respect to which such Excise Tax relates. 
 (b) All calculations under this Section 21
shall be made initially by the Company and the Company shall provide prompt written notice thereof to the Executive to enable the Executive to timely file all applicable tax returns. Upon request of the Executive, the Company shall provide the
Executive with sufficient tax and compensation data to enable the Executive or his tax advisor to independently make the calculations described in subparagraph (a) above and the Company shall reimburse the Executive for reasonable fees and
expenses incurred for any such verification. 
 (c) If the Executive gives written notice to the Company of any objection to the
results of the Company’s calculations within 60 days of the Executive’s receipt of written notice thereof, the dispute shall be referred for determination to tax counsel selected by the independent auditors of the Company (“Tax
Counsel”). The Company shall pay all fees and expenses of such Tax Counsel. Pending such determination by Tax Counsel, the Company shall pay the Executive the Make Whole Amount as determined by it in good faith. The Company shall pay the
Executive any additional amount determined by Tax Counsel to be due under this Section 21 (together with interest thereon at a rate equal to 120% of the Federal short term rate determined under section 1274(d) of the Code) promptly after such
determination. 
 (d) The determination by Tax Counsel shall be conclusive and binding upon all parties unless the Internal
Revenue Service, a court of competent jurisdiction, or such other duly empowered governmental body or agency (a “Tax Authority”) determines that the Executive owes a greater or lesser amount of Excise Tax with respect to any Payment than
the amount determined by Tax Counsel. 
 (e) If a Taxing Authority makes a claim against the Executive which, if successful,
would require the Company to make a payment under this Section 21, the Executive agrees to contest the claim on request of the Company subject to the following conditions: 

(i) The Executive shall notify the Company of any such claim within 10 days of becoming aware thereof. In the event that
the Company desires the claim to be contested, it shall promptly (but in no event more than 30 days after the notice from the Executive or such shorter time as the Taxing Authority may specify for responding to such claim) request the Executive to
contest the claim. The Executive shall not make any payment of any tax which is the subject of the claim before the Executive has given the notice or during the 30 day period thereafter unless the Executive receives written instructions from the
Company to make such payment together with an advance of funds sufficient to make the requested payment plus any amounts payable under this Section 21 determined as if such advance were an Excise Tax, in which case the Executive will act
promptly in accordance with such instructions. 

  
 -15-

 (ii) If the Company so requests, the Executive will contest the claim by
either paying the tax claimed and suing for a refund in the appropriate court or contesting the claim in the United States Tax Court or other appropriate court, as directed by the Company; provided, however, that any request by the Company for the
Executive to pay the tax shall be accompanied by an advance from the Company to the Executive of funds sufficient to make the requested payment plus any amounts under this Section 21 determined as if such advance were an Excise Tax. If directed
by the Company in writing the Executive will take all action necessary to compromise or settle the claim, but in no event will the Executive compromise or settle the claim or cease to contest the claim without the written consent of the Company;
provided, however, that the Executive may take any such action if the Executive waives in writing his right to a payment under this Section 21 for any amounts payable in connection with such claim. The Executive agrees to cooperate in good
faith with the Company in contesting the claim and to comply with any reasonable request from the Company concerning the contest of the claim, including the pursuit of administrative remedies, the appropriate forum for any judicial proceedings, and
the legal basis for contesting the claim. Upon request of the Company, the Executive shall take appropriate appeals of any judgment or decision that would require the Company to make a payment under this Section 21. Provided that the Executive
is in compliance with the provisions of this section, the Company shall be liable for and indemnify the Executive against any loss in connection with, and all costs and expenses, including attorneys’ fees, which may be incurred as a result of
contesting the claim, and shall provide to the Executive within 30 days after each written request therefor by the Executive cash advances or reimbursement for all such costs and expenses actually incurred or reasonably expected to be incurred by
the Executive as a result of contesting the claim. 
 (f) Should a Tax Authority finally determine that an additional Excise Tax
is owed, then the Company shall pay an additional Make Whole Amount to the Executive in a manner consistent with this Section 21 with respect to any additional Excise Tax and any assessed interest, fines, or penalties. If any Excise Tax as
calculated by the Company or Tax Counsel, as the case may be, is finally determined by a Tax Authority to exceed the amount required to be paid under applicable law, then the Executive shall repay such excess to the Company within 30 days of such
determination; provided that such repayment shall be reduced by the amount of any taxes paid by the Executive on such excess which is not offset by the tax benefit attributable to the repayment. 

(g) All Make Whole Payments and reimbursements made pursuant to this Section 21 shall be made as of the date specified herein which
in no event will be later than the date determined under Treasury Regulation Section 1.409A-3(i)(v). 
 22. Compliance
with Code Section 409A. 
 This Agreement is intended to be written, administered, interpreted and construed in a
manner such that no payment or benefits provided under the Agreement become subject to (a)

  
 -16-

 
the gross income inclusion set forth within Section 409A(a)(1)(A) of the Code or (b) the interest and additional tax set forth within Section 409A(a)(1)(B) of the Code
(collectively, “Section 409A Penalties”), including, where appropriate, the construction of defined terms to have meanings that would not cause the imposition of Section 409A Penalties. The severance payments payable to the Executive
pursuant to this Agreement shall be made in reliance upon Treasury Regulation Section 1.409A-1(b)(4) (relating to short-term deferrals) and, to the extent applicable, the exemption in Treasury Regulation Section 1.409A-1(b)(9)(iii).
However, to the extent any such payments are treated as “non-qualified deferred compensation” subject to Section 409A of the Code, and if the Executive is deemed at the time of his separation from service to be a “specified
employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, then to the extent delayed commencement of any portion of the benefits to which the Executive is entitled under this Agreement is required in order to avoid a prohibited
payment under Section 409A(a)(2)(B)(i) of the Code, such portion of the Executive’s termination benefits shall not be provided to the Executive prior to the earlier of (i) the expiration of the six-month period measured from the date
of the Executive’s separation from service or (ii) the date of the Executive’s death. Upon the earlier of such dates, all payments deferred pursuant to this Section 22 shall be paid in a lump sum to the Executive. The
determination of whether the Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code as of the time of his Separation from Service shall be made by the Company in accordance with the terms of
Section 409A of the Code and applicable guidance thereunder (including without limitation Treasury Regulation Section 1.409A-1(i) and any successor provision thereto). For purposes of Section 409A of the Code (including, without
limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each payment that the Executive may be eligible to receive under this Agreement shall be treated as a separate and distinct payment and shall not collectively be
treated as a single payment. In-kind benefits and reimbursements provided under this Agreement during any tax year of the Executive shall not affect in-kind benefits or reimbursements to be provided in any other tax year of the Executive and are not
subject to liquidation or exchange for another benefit. Reimbursement requests must be timely submitted by the Executive and, if timely submitted, reimbursement payments shall be made to the Executive as soon as administratively practicable
following such submission in accordance with the Company’s policies regarding reimbursements, but in no event later than the last day of Executive’s taxable year following the taxable year in which the expense was incurred. In no event
shall the Executive be entitled to any reimbursement payments after the last day of Executive’s taxable year following the taxable year in which the expense was incurred. This Section 22 shall only apply to in-kind benefits and
reimbursements that would result in taxable compensation income to the Executive. 

  
 -17-

 IN WITNESS WHEREOF, this Agreement is EXECUTED as of the date first set forth above and
effective as set forth therein. 
  

									
	 EXECUTIVE
	 		 	ATP OIL & GAS CORPORATION
					
	Signature:	 	 /s/ Leland E. Tate
	 		 	By:	 	 /s/ T. Paul Bulmahn

		 		 		 		 	T. Paul Bulmahn
		 		 		 		 	Chief Executive Officer
	Printed Name:	 	 Leland E. Tate
	 		 		 	

  
 -18-Form of Medium-Term Notes Linked to the Russell 2000

 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. 94986RBS9	  	FACE AMOUNT: $            
	REGISTERED NO.     	  	

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 
 Due Nine Months or More From Date of Issue 
 Notes
Linked to the Russell 2000® Index 
 due July 8, 2013 
 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 July 8, 2013. If no Market Disruption Event (as defined below) occurs or is continuing with respect to the Index (as defined below) on the 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 scheduled Calculation Day, the
“Stated Maturity Date” shall be the later of (i) three Business Days (as defined below) after the postponed 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 Ending Level is greater than the Starting Level, the lesser of: 

 

	 	(i)	the Face Amount plus: 

  

																							
		 		 	 	 	Face Amount x	 		 	 	  	 Ending Level – Starting Level

Starting Level
	 	 	 	 x Participation Rate
	 	 	 	 ; and
	 	

  

	 	(ii)	the Capped Value; 

  

	 	•	 	 If the Ending Level is less than or equal to the Starting Level, but greater than or equal to the Threshold Level: the Face Amount; or

  

	 	•	 	 If the Ending Level is less than the Threshold Level: the Face Amount minus: 

 

																			
		 		 		 	 	 	Face Amount x	  	 Threshold Level – Ending Level

Starting Level
	 	 	 		 		 	

 “Index” shall mean the Russell 2000® Index. 
 The “Pricing Date” shall mean December 29, 2010. 
 The
“Starting Level” is 790.26, 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 “Ending Level” will be the Closing Level of the Index on the Calculation Day. 
 The “Capped Value” is 131% of the Face Amount of this Security. 

The “Threshold Level” is 711.23, which is equal to 90% of the Starting Level. 

The “Participation Rate” is 150%. 
 “Index Sponsor” shall mean Frank Russell Company, doing business as Russell Investment Group. 
 “Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation
to close in New York, New York or Minneapolis, Minnesota. 

  
 2 

 A “Trading Day” with respect to the Index means a day, as determined by the
Calculation Agent, on which (i) the Relevant Exchanges (as defined below) with respect to the securities underlying the Index are open for trading for their regular trading sessions and (ii) the exchanges on which futures or options
contracts related to the Index or successor thereto, if applicable, are traded, are open for trading for their respective regular trading sessions. 
 The “Calculation Day” shall be June 28, 2013 or, if such day is not a Trading Day, the next succeeding Trading Day. The 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 the Calculation Day, such Calculation Day will be postponed to the first succeeding Trading Day on which a Market Disruption
Event has not occurred and is not continuing. If such first succeeding Trading Day has not occurred as of the eighth scheduled Trading Day after the scheduled Calculation Day, that eighth scheduled Trading Day shall be deemed the Calculation Day. If
the Calculation Day has been postponed eight scheduled Trading Days after the scheduled Calculation Day and such eighth scheduled Trading Day is not a Trading Day, or if a Market Disruption Event occurs or is continuing with respect to the Index on
such eighth scheduled Trading Day, the Calculation Agent will determine the Closing Level of the Index on such eighth scheduled Trading Day in accordance with the formula for and method of calculating the Closing Level of the Index last in effect
prior to commencement of the Market Disruption Event, using the closing price (or, with respect to any of the relevant securities, if such date is not a Trading Day or a Market Disruption Event has occurred, its good faith estimate of the closing
price that would have prevailed for such securities) on such date of each security most recently included in the Index. See “—Market Disruption Events.” As used herein, “closing price” means, with respect to any
security on any date, the last reported sales price regular way on such date or, in case no such reported sale takes place on such date, the average of the reported closing bid and asked prices regular way on such date, in either case on the primary
organized exchange or trading system on which such security is then listed or admitted to trading. 
 “Calculation Agent
Agreement” shall mean the Calculation Agent Agreement dated as of January 5, 2011 between the Company and the Calculation Agent, as amended from time to time. 
 “Calculation Agent” shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Ending Level
and the Redemption Amount, which term shall, unless the context otherwise requires, include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent
Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security. 

Discontinuance Of The Index; Alteration Of Method Of Calculation 
 If the Index Sponsor discontinues publication of the Index, and the Index Sponsor or another entity publishes a successor or substitute equity index that the Calculation Agent determines, in its sole
discretion, to be comparable to the Index (a “Successor Equity Index”), 

  
 3 

 
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 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 and the Calculation Agent does not select a
Successor Equity Index, the Calculation Agent will compute a substitute level for the Index in accordance with the procedures last used to calculate the Index before any discontinuance. If a Successor Equity Index is selected or the Calculation
Agent calculates a level as a substitute for the Index, the Successor Equity Index or level will be used as a substitute for the Index for all purposes, including the purpose of determining whether a Market Disruption Event exists. 

If at any time the Index Sponsor makes a material change in the formula for or the method of calculating the Index, or in any other way
materially modifies the Index so that the Index does not, in the opinion of the Calculation Agent, fairly represent the level of the Index had those changes or modifications not been made, then, from and after that time, the Calculation Agent will,
at the close of business in New York, New York, on the date that the Closing Level of the Index is to be calculated, make any adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in order to arrive at a value of an
equity index comparable to the Index as if those changes or modifications had not been made, and calculate the level of the Index with reference to such equity index, as so adjusted. Accordingly, if the method of calculating the Index is modified so
that the level of the Index is a fraction or a multiple of what it would have been if it had not been modified, then the Calculation Agent will adjust the Index in order to arrive at a level of the Index as if it had not been modified. 

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

 

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

  

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

  
 4 

  

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

 

	 	(D)	Any event, other than an early closure, that materially disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market
values for, the futures or options contracts relating to the Index or any Successor Equity Index on the primary exchange or quotation system on which those futures or options contracts are traded, at any time during the one-hour period that ends at
the Close of Trading on that day. 

  

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

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

 

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

 

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

  

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

  
 5 

 Calculation Agent 
 The Calculation Agent will determine the Redemption Amount and the 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. 
 Tax Considerations 

The Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be deemed to
have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States federal income tax purposes to characterize and treat this Security as a pre-paid derivative contract in respect of the
Index. 
 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 July 8, 2013. This Security is not entitled to any sinking fund.

 Acceleration 
 If an Event of Default, as defined in the Indenture, with respect to this Security shall occur and be continuing, the Redemption Amount (calculated as set forth in the next sentence) of this Security may
be declared due and payable in the manner and with the effect provided in the Indenture. The amount payable to the Holder hereof upon any acceleration permitted under the Indenture will be equal to the Redemption Amount hereof calculated as provided
herein as though the date of acceleration was the Calculation Day; provided, however, if such date is not a Trading Day or if a Market Disruption Event has occurred or is continuing on that day, the Calculation Day will be postponed as provided
herein. 
  
  

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 Russell 2000® Index 
 due July 8, 2013

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

  
 10 

 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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