Document:

EX-10.1

 Exhibit 10.1 

RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

	I.	Overview 

 RetailMeNot, Inc. and its affiliated companies (the
“Company”) are committed to sharing their success with the people who make it possible — the Company’s Team Members. The purpose of this Amended and Restated 2016 Bonus Plan (this “Plan”) is
to encourage the Company’s Team Members to contribute to the achievement of the Company’s goals and to share in the rewards of the Company’s success. This Plan amends and restates the 2016 Bonus Plan adopted by the Compensation
Committee of the Company’s Board of Directors on February 11, 2016 (the “Original Plan”). The term of this Plan is for the 2016 fiscal year. 
  

	II.	Eligible Team Members 

 To be eligible to participate in the Plan, a Team Member
must be a regular full-time employee of the Company. Each Team Member’s aggregate annual target bonus shall be communicated in the Team Member’s 2016 compensation overview or offer letter for Team Members hired in 2016. 

 

	III.	Performance Periods 

 There will be two separate performance periods under this
Plan: January 1 through June 30, 2016 (the “1H Period”) and July 1 through December 31, 2016 (the “2H Period”).  

 

	IV.	Weighting and Payment 

 The bonus amounts earned will be paid twice annually. The
payment for performance in the 1H Period will be made by September 30, 2016, and the payment for performance in the 2H Period will be made by March 15, 2017 after completion of the audit of the 2016 financial statements. Weighting percentages for
each Team Member’s individual performance elements and Company performance elements are generally based on the region for which the Team Member has operational responsibility. 

 

	V.	Operating Segments 

 Effective after the closing of the acquisition of Giftcard
Zen Inc (the “Giftcard Zen Acquisition”), the Company has two operating segments, the core segment (the “Core Segment”) and the gift card segment (the “Gift Card Segment”). For
the 2H Period, Team Members are assigned to one of these two segments after considering such Team Member’s operational responsibilities. All such determinations are made in the Company’s sole discretion.  

 

	VI.	Individual Performance Element

 A Team Member’s individual performance
element is based on his/her performance against individual goals, the competencies established for the Team Member’s role and the Company’s core values. A Team Member’s performance is evaluated by the Team Member’s manager at
mid-year for the 1H Period and year-end for the 2H Period. An individual performance bonus amount is informed based on each of these evaluations. 

  
 1 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

	VII.	Company Performance Elements 

 Company performance elements for Team Members in
the Core Segment and Gift Card Segment, respectively, are based on the Company’s performance against targets set for each such element in the Company’s annual budget, respectively. The Company performance elements are as set forth below.

 A. 1H Period:

Team Members, other than those based in Phoenix, Arizona and Certain Executives 

For the 1H Period, the Company performance elements (formerly the “Financial and Audience” elements) are unchanged from the Original
Plan and are as follows: Each Team Member will have (1) an Adjusted EBITDA element, (2) an Audience element based upon the country, region or regions for which the Team Member has operational responsibility and (3) a Net Revenues element based upon
the country, region or regions for which the Team Member has operational responsibility. 
 Team Members based in Phoenix, Arizona

 For the 1H Period, each Team Member based in Phoenix, Arizona will have (1) a Gift Card Segment Operating Income element, (2) a Gift
Card Segment Gross Profit element and (3) a Gift Card Segment Net Revenues element. 
 Certain Executives 

For the 2H Period, Team Members who serve as a Senior Vice President or “C-level” executive with global responsibilities will have
(1) an Adjusted EBITDA element, (2) a consolidated Audience element and (3) a consolidated Net Revenues element. 
 B. 2H Period:

 Team Members in the Core Segment 

For the 2H Period, each Team Member in the Core Segment will have (1) a segment Operating Income element, (2) an Audience element based upon
the country, region or regions for which the Team Member has operational responsibility and (3) a segment Net Revenues element based upon the country, region or regions for which the Team Member has operational responsibility. 

Team Members in the Gift Card Segment 

For the 2H Period, each Team Member in the Gift Card Segment will have (1) a segment Operating Income element, (2) a segment Gross Profit
element and (3) a segment Net Revenues element. 

  
 2 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

 Certain Executives 

For the 2H Period, Team Members who serve as a Senior Vice President or “C-level” executive with global responsibilities will have
(1) an Adjusted EBITDA element, (2) a consolidated Audience element and (3) a consolidated Net Revenues element. 
 C. Definitions:

 Net Revenues mean the corresponding amount as reported in the Company’s Statements of Operations as of June 30, 2016
with respect to the 1H Period and as of December 31, 2016 with respect to the 2H Period, excluding, for each such period, the impact of any acquisitions completed in fiscal year 2016 (other than the Giftcard Zen Acquisition). 

Adjusted EBITDA means the consolidated, corresponding amount as derived from the Company’s Statements of Operations as of
June 30, 2016 with respect to the 1H Period and as of December 31, 2016 with respect to the 2H Period, excluding the impact of any acquisitions completed in fiscal year 2016 (other than the Giftcard Zen Acquisition). 

Audience means the number of the Company’s user days during the 1H Period and the 2H Period, excluding the impact of any
acquisitions completed in fiscal year 2016. For purposes of clarity, the Giftcard Zen Acquisition is excluded from the Audience metric for fiscal year 2016. The Company determines user days by summing the number of days each user is active during a
calendar month. Users of the Company’s desktop and mobile websites are determined using browser cookies from Google Analytics, a third-party product that provides digital marketing intelligence. Users of the Company’s native (including
mobile) applications are determined using device ID. Because user days are tracked separately for each domain, the Company counts each of the following as a separate user day: (i) the first time a user accesses one of its desktop or mobile websites
using a specific device or browser on a particular day, (ii) each time a user re-accesses one of our desktop or mobile on the same device or browser on a particular day after that user clears their browser cookies and (iii) the first time a
specific mobile device accesses one of its mobile applications on a particular day. 
 Gross Profit means the corresponding
amount as reported in the Company’s Statements of Operations as of June 30, 2016 with respect to the 1H Period and as of December 31, 2016 with respect to the 2H Period, excluding the impact of any acquisitions completed in fiscal year 2016
(other than the Giftcard Zen Acquisition). 
 Operating Income means the corresponding amount as reported in the Company’s
Statements of Operations as of June 30, 2016 with respect to the 1H Period and as of December 31, 2016 with respect to the 2H Period, excluding the impact of any acquisitions completed in fiscal year 2016 (other than the Giftcard Zen Acquisition).

  
 3 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

	VIII.	Payout Formula

 The payout under this Plan will be determined as follows:

 

	 	A.	Base Bonus 

 Individual Performance Element 

At the conclusion of each review, the Team Member’s individual performance will be used to inform a percentage payout for bonus purposes.
If the Team Member’s individual performance in the 1H Period or 2H Period is deemed unsatisfactory, then that Team Member’s percentage payout will be 0% in such period. If the Team Member’s individual performance is satisfactory, then
the Team Member is eligible for a percentage payout ranging from 50%-150% according to the discretion of the Team Member’s manager and consistent with the examples set forth in the table below. The payout percentage will be multiplied by the
applicable weighting percentage for the individual performance element to determine the amount of the “Individual Performance Element” actually earned. 

Below are examples of team member individual performance and payout scenarios: 

 

					
	 Team Member Performance Example
	  	 Example
Payout %
	  	 Comments

	Team Member exceeded expectations on goal performance, delivered meaningful contributions on an important project that was added to the goal plan, mastered all competencies associated with her/his role and consistently modelled the
Company’s core values to other Team Members.	  	150%	  	Maximum bonus for exceptional goal achievement and modeling RMN’s core values.
			
	Team Member exceeded expectations on goal performance and achieved both of the following criteria: (1) satisfied all competencies associated her/his role and (2) consistently embodied the Company’s core values.	  	115%	  	Team Member over-achieved on goals and satisfied or exceeded all other expectations.
			
	Team Member met expectations on goal performance and achieved both of the following criteria: (1) satisfied all competencies associated with her/his role and (2) demonstrated alignment with the Company’s core values.	  	100%	  	Team Member met all expectations.
			
	Team Member met expectations on goal performance and achieved one of the following criteria: (1) satisfied all competencies associated with her/his role and (2) demonstrated alignment with the Company’s core values.	  	75%	  	Team member achieved all goals, but did not successfully meet all expectations either in terms of competencies or alignment with core values.

  
 4 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

					
	 Team Member Performance Example
	  	 Example
Payout %
	  	 Comments

	Team Member missed expectations on some goals and competencies and met expectations on other goals and competencies. However, she/he consistently demonstrated alignment with the Company’s core values and displayed an openness
to improve her/his own performance.	  	50%	  	Missing expectations on goals and competencies suggests a discounted bonus is appropriate. Alignment with core values keeps the bonus from being discounted to 0%. This category may apply to Team Members on performance improvement
plans.
			
	Team Member missed expectations on most goals.	  	0%	  	Goal achievement is critical. While Team Member has the opportunity to improve her/his performance and earn a bonus in the next performance cycle, she/he did not earn a bonus for the current performance cycle. This category may
apply to Team Members on performance improvement plans.

 Company Performance Elements 

Net Revenues 
  

	 	1.	The actual amount of the Net Revenues element will be divided by the applicable target to determine the percentage achievement. The percentage achieved will be applied as set forth below to determine the percentage
payout. 

 If the percentage achieved falls between two table results, the percentage payout will be extrapolated. For
example, 98% achievement would result in 96% payout since each percentage point drop in achievement between 95% and 100% results in a two percentage point drop in percentage payout. 

 

					
	 % Net Revenues Target Achieved
	  	Payout	 
	 0%
	  	 	0.0	% 
	 70%
	  	 	25.0	% 
	 75%
	  	 	40.0	% 
	 80%
	  	 	55.0	% 
	 85%
	  	 	67.5	% 
	 90%
	  	 	80.0	% 
	 95%
	  	 	90.0	% 
	 100%
	  	 	100.0	% 

  

	 	2.	The percentage payout will be multiplied by the applicable Net Revenues weighting percentage as set forth in the Team Member’s 2016 compensation overview to determine the percentage of the Net Revenues element
earned. 

  
 5 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

 Adjusted EBITDA 

 

	 	1.	The actual amount of Adjusted EBITDA will be divided by the target to determine a percentage achievement. The percentage achieved will be applied as set forth below to determine the percentage payout. 

If the percentage achieved falls between two table results, the percentage payout will be extrapolated. For example, 98% achievement would
result in 96% payout since each percentage point drop in achievement between 95% and 100% results in a two percentage point drop in percentage payout. 
  

					
	 % Adjusted EBITDA Target Achieved
	  	Payout	 
	 0%
	  	 	0.0	% 
	 70%
	  	 	25.0	% 
	 75%
	  	 	40.0	% 
	 80%
	  	 	55.0	% 
	 85%
	  	 	67.5	% 
	 90%
	  	 	80.0	% 
	 95%
	  	 	90.0	% 
	 100%
	  	 	100.0	% 

  

	 	2.	The percentage payout of the Adjusted EBITDA element will be multiplied by the applicable Adjusted EBITDA weighting percentage as set forth in the Team Member’s 2016 compensation overview to determine the
percentage of the Adjusted EBITDA element earned. 

 Audience 

 

	 	1.	The actual amount for the Audience element will be divided by the applicable target to determine the percentage achievement. The percentage achieved will be applied as set forth below to determine the percentage payout.

 If the percentage achieved falls between two table results, the percentage payout will be extrapolated. For example, 98%
achievement would result in 96% payout since each percentage point drop in achievement between 95% and 100% results in a two percentage point drop in percentage payout. 

  
 6 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

					
	 % Audience Target Achieved
	  	Payout	 
	 0%
	  	 	0.0	% 
	 70%
	  	 	25.0	% 
	 75%
	  	 	40.0	% 
	 80%
	  	 	55.0	% 
	 85%
	  	 	67.5	% 
	 90%
	  	 	80.0	% 
	 95%
	  	 	90.0	% 
	 100%
	  	 	100.0	% 

  

	 	2.	The percentage payout will be multiplied by the applicable Audience weighting percentage to determine the percentage of the Audience element earned. 

Gross Profit 
  

	 	1.	The actual amount of Gross Profit will be divided by the target to determine a percentage achievement. The percentage achieved will be applied as set forth below to determine the percentage payout. 

If the percentage achieved falls between two table results, the percentage payout will be extrapolated. For example, 98% achievement would
result in 96% payout since each percentage point drop in achievement between 95% and 100% results in a two percentage point drop in percentage payout. 
  

					
	 % Gross Profit Target Achieved
	  	Payout	 
	 0%
	  	 	0.0	% 
	 70%
	  	 	25.0	% 
	 75%
	  	 	40.0	% 
	 80%
	  	 	55.0	% 
	 85%
	  	 	67.5	% 
	 90%
	  	 	80.0	% 
	 95%
	  	 	90.0	% 
	 100%
	  	 	100.0	% 

  

	 	2.	The percentage payout of the Gross Profit element will be multiplied by the Gross Profit weighting percentage as set forth in the Team Member’s 2016 compensation overview to determine the percentage of the Gross
Profit element earned. 

  
 7 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

 Operating Income 

 

	 	1.	The actual amount of Operating Income will be divided by the target to determine a percentage achievement. The percentage achieved will be applied as set forth below to determine the percentage payout.

 If the percentage achieved falls between two table results, the percentage payout will be extrapolated. For example, 98%
achievement would result in 96% payout since each percentage point drop in achievement between 95% and 100% results in a two percentage point drop in percentage payout. 
  

					
	 % Operating Income Target Achieved
	  	Payout	 
	 0%
	  	 	0.0	% 
	 70%
	  	 	25.0	% 
	 75%
	  	 	40.0	% 
	 80%
	  	 	55.0	% 
	 85%
	  	 	67.5	% 
	 90%
	  	 	80.0	% 
	 95%
	  	 	90.0	% 
	 100%
	  	 	100.0	% 

 The percentage payout of the Operating Income element will be multiplied by the Operating Income weighting
percentage as set forth in the Team Member’s 2016 compensation overview to determine the percentage of the Operating Income element earned. 
  

	 	B.	Accelerator Bonus 

 The Accelerator Bonus can be earned for each Company performance
element. To be eligible for an Accelerator Bonus, the Team Member’s individual performance percentage payout must be at least 100%. 

  
 8 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

 Accelerator Calculation: The Accelerator Bonus will be calculated as follows:

  

	 	1.	Over-performance against the target earns a Team Member Additional Bonus percentage points as set forth below.

  

											
	Element vs. Target (1)	 	Additional
Bonus (2)	 	 	Element vs. Target (1)	 	Additional
Bonus (2)	 
	>=1%	 	 	2.5	% 	 	>=11%	 	 	40.0	% 
	>=2%	 	 	5.0	% 	 	>=12%	 	 	45.0	% 
	>=3%	 	 	7.5	% 	 	>=13%	 	 	51.9	% 
	>=4%	 	 	10.0	% 	 	>=14%	 	 	58.8	% 
	>=5%	 	 	12.5	% 	 	>=15%	 	 	65.6	% 
	>=6%	 	 	15.0	% 	 	>=16%	 	 	72.5	% 
	>=7%	 	 	20.0	% 	 	>=17%	 	 	79.4	% 
	>=8%	 	 	25.0	% 	 	>=18%	 	 	86.3	% 
	>=9%	 	 	30.0	% 	 	>=19%	 	 	93.1	% 
	>=10%	 	 	35.0	% 	 	>=20%	 	 	100.0	% 

  

	(1)	Percentage by which actual element exceeds target. 

	(2)	The additional bonus percentage will be multiplied by the actual element. For example, if actual applicable Net Revenues exceeds Target by 16%, the applicable Net Revenues Bonus would be calculated by multiplying the
applicable Net Revenues Element by 172.5% (i.e. 100% represents the applicable Net Revenues Base amount and 72.5% represents the applicable Net Revenues Accelerator amount). 

 

	 	2.	The aggregate Accelerator Bonus is capped at 200%. 

  
 9 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

	 	IX.	General Provisions 

  

	 	1.	Bonuses are subject to all applicable taxes and other required deductions. 

  

	 	2.	If the individual performance percentage payout is less than 50% for a Team Member in the 1H Period or the 2H Period, no Company performance element will be earned for that Team Member in that period. 

 

	 	3.	The Plan does not constitute a guarantee of employment nor does it restrict the Company’ rights to terminate employment at any time or for any lawful reason. 

 

	 	4.	The Plan does not create vested rights of any nature nor does it constitute a contract of employment or a contract of any other kind. The Plan does not create any customary concession or privilege to which there is any
entitlement from year-to-year, except to the extent required under applicable law. Nothing in the Plan entitles a Team Member to any remuneration or benefits not set forth in the Plan nor does it restrict the Company’ rights to increase or
decrease the compensation of any Team Member, except as otherwise required under applicable law. 

  

	 	5.	Team Members who become eligible to participate in the Plan after the first day of the 1H Period or the 2H Period for which a bonus is paid shall be eligible to receive a pro-rated bonus for such period. Team Members
who are not eligible to participate in the plan as of April 30, 2016 are not eligible for the 1H Period. Team Members who are not eligible to participate in the Plan as of October 31, 2016 are not eligible for the 2H Period.

 

	 	6.	Team Members who resign or are terminated prior to the actual payment of a bonus shall not receive a bonus. 

  

	 	7.	This Plan constitutes the entire arrangement regarding the Plan, supersedes any prior oral or written description of the Plan and may not be modified except by a written document that specifically references this Plan
and is signed by the Company’s Chief Executive Officer. 

  

	 	8.	The Plan is provided at the Company’s sole discretion and the Company may modify or eliminate it at any time, individually or in the aggregate, prospectively or retroactively, without notice or obligation during
the plan year. In addition, there is no obligation to extend or establish a similar plan in subsequent years. 

  

	 	9.	The Plan shall not become a part of any employment condition, regular salary, remuneration package, contract or agreement, but shall remain gratuitous in all respects. Bonuses are not to be taken into account for
determining severance pay, termination pay, “extra months” bonuses or payments, or any other form of pay or compensation. 

  

	 	10.	Team Members who are separated from employment with the Company due to divestiture, closure, or dissolution of a business are not eligible to receive a bonus. 

 

	 	11.	Independent contractors, consultants, individuals who have entered into an independent contractor or consultant agreement, temporary employees, contract employees and interns are not eligible to participate in the Plan.

  
 10 

 RetailMeNot, Inc. 

Amended and Restated 2016 Bonus Plan 

(Team Member) 
  

	 	12.	The Plan (i) will be subject to such amendments as are required to be effected according to applicable law and (ii) will not be available to Team Members where applicable law prohibits the Plan or where tax or other
business considerations make a Team Member’s participation impracticable in the judgment of the Compensation Committee. 

  

	 	13.	At a minimum, the Company will fund 50% of the calculated payout for the 2H Period at December 31. If the actual payout for the 2H Period under this Plan exceeds 50% of the calculated payout at December 31, then the
actual payout shall be distributed to all Team Members employed as of the date the bonus for the 2H Period is paid based on the payout calculated for such Team Member in accordance with this Plan. If the actual bonus payout under this Plan for the
2H Period is less than 50% of the calculated payout at December 31, then the amount that shall be distributed to all Team Members employed as of the date the bonus for the 2H Period is paid (but excluding any Team Member who serves as a Senior Vice
President or “C-level” executive) shall equal the actual 2H Period payout calculated for such Team Member in accordance with this Plan plus a pro rata amount equal to the difference between the calculated payout amount for the 2H Period at
December 31, multiplied by 50% minus the amount of actual payout. 

  
 11Form of Medium-Term Notes, Series K, Notes due July12, 2021

 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. 94986RR45 
	
PRINCIPAL AMOUNT: $                   
          

 REGISTERED NO.      

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Notes due July 12, 2021 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or registered assigns, the principal sum of
                                         
                                         
                   DOLLARS ($                ) on July 12,
2021 (the “Stated Maturity Date”) and to pay interest thereon from July 12, 2016 or from the most recent Interest Payment Date to which interest has been paid or duly provided for semi-annually on each January 12 and
July 12, commencing January 12, 2017, and at Maturity (each, an “Interest Payment Date”), at the rate per annum specified below until the principal hereof is paid or made available for payment. The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest next preceding such Interest Payment Date. The Regular Record Date for an Interest Payment Date shall be one Business Day prior to such Interest Payment Date. If an Interest Payment Date is not a Business Day, interest
on this Security shall be payable on the next day that is a Business Day, with the same force and effect as if made on such Interest Payment Date, and without any interest or other payment with respect to the delay. “Business Day”
shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York. 

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

 
Payment Date. This period is referred to as an “Interest Period.” The first Interest Period will commence on and include July 12, 2016 and end on and include
January 11, 2017. Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months. 

The interest rate on this Security that will apply during an Interest Period will be as follows: 

 

					
	 Commencing July 12, 2016 and

ending July 11, 2019
	  	 	1.50% per annum	  
	 Commencing July 12, 2019 and

ending July 11, 2020
	  	 	2.00% per annum	  
	 Commencing July 12, 2020 and

ending July 11, 2021
	  	 	3.00% per annum	  

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

Payment of interest on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of
the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person.
Payment of principal of and interest on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota. Notwithstanding the
foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, payments of principal and interest on this Security will be made to the Depositary by wire transfer of immediately available funds. 

This Security is redeemable at the option of the Company, in whole but not in part, on any Optional Redemption Date occurring
on or after January 12, 2018 at a Redemption Price equal to 100% of the principal amount of this Security to be redeemed, plus any accrued but unpaid interest to, but excluding, the Redemption Date. The “Optional Redemption
Dates” are the 12th day of each January, April, July and October, commencing January 12, 2018 and ending April 12, 2021. Notice of any redemption will be mailed at least 5 but
not more than 30 days before the applicable Redemption Date to the Holder hereof. Unless the Company defaults in the payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on this Security or the portion
hereof called for redemption. 

  
 2 

 This Security is not subject to repayment at the option of the Holder hereof
prior to July 12, 2021. This Security is not entitled to any sinking fund. 
 Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual
signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

[The remainder of this page has been left intentionally blank] 

  
 3 

 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

  
 4 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Notes due July 12, 2021 

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 time Outstanding of all series to be affected, acting together as a class. The Indenture also contains 

  
 5 

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

 Defeasance 

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

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

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

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 

  
 6 

 
of such successor. Except as provided above, owners of beneficial interests in this Global Security will not be entitled to receive physical delivery of Securities in definitive form and will not
be considered the Holders hereof for any purpose under the Indenture. 
 Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 Obligation of the Company Absolute 

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

No Personal Recourse 

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

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

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

  
 7 

 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)

  
 8 

 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. 

  
 9

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