Document:

Exhibit 10.7

 

This Consultancy Mandate Agreement is made the day of 18 August
2017

 

Between

 

		1.	[       ];

 

		2.	[       ];

 

(Collectively, the “Consultants”, and each
a “Consultant”) and

 

		3.	REBEL GROUP I NC. (the “Client”)
whose principal executive office is at 7500 A Beach Road, Unit 12-313, The Plaza, Singapore 199591.

 

Whereas:

 

		A)	The Client is a company listed on the OTC Markets in the
USA wishing to obtain investment funding and subsequently, to upgrade its listing status by being listed on a recognized stock
exchange, including but not limited to the Nasdaq Main Board by way of IPO (as defined below) by the second half of 2018.

 

		B)	The Client wishes to appoint the Consultants to arrange
for investment funding of up to an aggregate of US$8 million (the “Investment Amount”) on a reasonable effort
basis, for investors (the “Investors”) to subscribe for 8,000,000 new ordinary shares of the Client,
on the terms and subject to the conditions as set out in this Agreement in the following manner:

 

Tranche:

Price of Each New Share — USD 1.00

Total Investment Amount
— USD 8 million

Total New Shares to Issue — 8,000,000

 

Now it is hereby agreed that:

 

		1.	INTERPRETATION

 

		1.1	In this Agreement, except where the context otherwise enquires:
-

 

		(i)	the following expressions shall bear the following meanings
namely: -

 

	 	“Commencement Date” 	means 2017, being the date of this Agreement;
	 	 	 
	 	“Group”	means the Client, together with its subsidiaries and associated companies;
	 	 	 
	 	“IPO”	means Initial Public Offering on the Nasdaq Main Board or any other recognized stock exchange;
	 	 	 
	 	“S$”	mean the lawful currency of Singapore;
	 	 	 
	 	“US$”	means the lawful currency of the United States; and
	 	 	 
	 	“Services”	means the services to be provided by the Consultants as set out in Clause 2.

 

		(ii)	any reference to a statutory
provision shall include such provision and any regulations made in pursuance thereof as from time to time modified or re-enacted
whether before or after the date of this Agreement so far as such modification or re-enactment applies or is capable of applying
to any transactions entered into prior to completion and (so far as liability thereunder may exist or can arise) shall
include also any past statutory provisions or regulations (as from time to time modified or re-enacted) which such provisions
or regulations have directly or indirectly replaced.

 

     

     

    

 

		1.2	The headings in this Agreement are inserted for convenience
only and shall be ignored in construing this Agreement. Unless the context otherwise requires, words (including words defined
herein) denoting the singular number only shall include the plural and vice versa. The words “written” and “in
writing” include any means of visible reproduction. References to “Clauses” and “Schedules” are to be
construed as references to the clauses of and the schedules to this Agreement. Any reference to a sub-Clause or a paragraph is
to a reference to a sub-Clause or paragraph of the Clause in which such reference appears. References to times of day are to Singapore
time unless otherwise stated.

 

		2.	SCOPE OF SERVICES

 

		2.1	In consideration of the Services rendered from 01 January
2017 to 30 June 2017, the Client will transfer to each Consultant and/or his nominee the following number of new ordinary shares:

 

		a)	716,730 new ordinary shares in the Client by 01
September 2017.

 

		b)	the remaining 716,730 new ordinary shares in the Client
by 31 December 2017

 

		2.2	For a period of nine months from the Commencement Date
of 01 July 2017 to 31 March 2018, the Consultants shall provide the following services:-

 

		2.2.1	exercise the fund
raise mandate given by the Client to procure the Investment Amount, to manage the financing needs of the
Client, for the rounds in the pre-IPO stage.

 

		2.2.2	source for sponsorships for all mixed martial arts events
for the Client, for which the Consultants will be paid commission equivalent to 20% of sponsorship sums received by the client.

 

		2.2	In the performance of the Services, the Consultants may
delegate any of their duties or obligations arising under this Agreement without the consent of the Client, but the Consultants
has to inform the Client of such delegation. The delegation is allowed on the condition that the Consultants shall at all times
remain fully responsible for the due performance of such Services that have been delegated

 

		3.	FEES AND PAYMENTS

 

		3.1	In consideration for the provision of the Services by
the Consultants pursuant to 2.2.1 above, the Client shall procure or perform the following:

 

		3.1.1	In entering this Agreement, the Client will issue to the
Consultants new ordinary shares of 5,555,000 shares in the Client upon fulfilment of the full raise of the agreed US$8,000,000.
In the event the Consultants only raised a fraction of the agreed sum, the issuance of the shares shall be made in the following
formula:

 

x = total amount of investment proceeds raised

 

y = total agreed Investment Amount US$8,000,000, the Consultants
intent to raise

 

z — 5,555,000 shares

 

x/y*z = Number of Shares to be issued to the Consultants

 

		3.1.2	the Client will pay to the Consultants an aggregate amount
equivalent to 10% of the Investment Amount procured by the Consultants in cash, as consultancy fees upon the completion of such
investment into the Client;

 

		3.2	With reference to 3.1.1, the Client shall make the above
payment on 31 March 2018.

 

    2

     

    

 

		4.	CLIENT’S OBLIGATIONS

 

The Client shall appoint the Consultants
to provide the Services. In addition to Clause 3, in order to enable the Consultants to provide the Services, the Client shall
provide to the Consultants, its servants and/or agents or ensure: -

 

		4.1	its full co-operation;

 

		4.2	that the investment proceeds will be used solely for the
following agreed purposes:

 

		4.2.1	to organize mixed martial arts events in China and in Singapore;

 

		4.2.2	as working capital; and

 

		4.2.3	the acquisition of a Chinese entity, “Quanyao”, which will be partly paid by cash of US$1 million, the
                                                                                   forgiveness of debts owed by the Chinese entity to Pure Heart Entertainment Pte Ltd and shares of 12,500,000 new ordinary
                                                                                   shares of the Client.

 

		4.3	any information that is reasonably required by the Consultants
to carry out their job in the fundraising exercise.

 

		4.4	the Consultants shall be given the right to suggest members
to join onto the board of directors of the Client, but nomination shall be on the sole discretion of the Client.

 

		4.8	the Client shall not, after each meeting, directly or indirectly,
without the prior written consent of the Consultants, approach, contact, solicit or deal with the investors, or take any action
which is intended to induce or encourage, or has the effect of inducing the Investors to approach, contact, solicit or deal with
the Client directly during the pre-IPO stage;

 

		4.6	the Client and/or the Group shall pay all the professional
fees and reasonable chargeable expenses incurred in connection with the provision of services by third parties under Clause 2.3
above with an expenditure cap limit of no more than Singapore Dollars 10,000.

 

		5.	CONFIDENTIALITY

 

Each Consultant acknowledges that during
the term of this Agreement its servants, agents, advisers, may learn and use certain of the Group’s confidential information,
and thus will use reasonable efforts to prevent third parties from learning about such information. Likewise, the Client will use
reasonable effort to prevent third parties from learning about the Consultants’ confidential and proprietary information,
which includes without limitation the Consultants’ methodology, processes, programs and know-how. These obligations do not
apply to information or materials that: (a) are or become generally known by third parties other than as a result of an act or
omission by the receiving party; (b) were already independently known by the receiving party prior to receiving them from the disclosing
party; (c) are developed independently by the receiving party; or (d) are required by law or a governmental agency to be disclosed,
provided the receiving party promptly notifies the disclosing party of such requirement so that the disclosing party can
seek to obtain a protective order or similar remedy.

 

		6.	INDEMNITY

 

The Client shall indemnify and keep indemnified
the Consultants from and against any and all loss, damage or liability (whether civil or criminal) suffered and legal fees and
costs incurred by the Consultants resulting from breach of this Agreement by the Client including: -

 

		6.1	any neglect or default of the Group’s employees or
agents: and

 

		6.2	breaches in respect of any matter arising from the obligations
of the Client under this Agreement.

 

    3

     

    

 

		7.	LIMITATION ON LIABILITY

 

Each Consultant warrants that the Services
will be provided in a professional manner and save for this warranty, each Consultant assumes no liabilities whatsoever for any
damage, increased costs or expenses, loss of business or profit or any other special, indirect or consequential loss of any nature
whatsoever, arising out of or in connection with the Services provided hereunder or in respect of any act, omission or negligence
of any agent or servant or employee or independent consultant of each Consultant in or about the performance or purported performance
of any duty under this Agreement whether during or after the completion of the Services to be rendered hereunder or otherwise howsoever
and whatever the cause thereof unless caused by gross negligence on the part of each Consultant. Other than this warranty, each
Consultant makes and the Client receives no express or implied warranties, including without limitation any express or implied
warranties on the success of the Pre-IPO fund raise. The Client understands and agrees that any liability of each Consultant in
respect of this Agreement shall be limited to the amount of fees actually received by each Consultant under this Agreement and
shall not include any special, incidental, consequential or punitive damages, any damages based on injury to person or property,
or any lost sales or profits.

 

		8.	WARRANTIES

 

The Client warrants, represents and undertakes
to the Consultants that it has all the requisite power and capacity to enter into and perform its obligations under this Agreement
and all documents and instruments executed in relation to this Agreement to which it is a party. For the sake of clarity, it is
hereby agreed that the Consultants make no representation nor warranty that the Client will succeed in an IPO of its shares on
the Nasdaq Main Board or any recognized stock exchange or a trade sale.

 

		9.	FORCE MAJEURE

 

Each party shall be released from its respective
obligations in the event of national emergency, war, prohibitive governmental regulation or if any other cause beyond the reasonable
control of the parties or each of them renders the performance of this Agreement impossible. However, each party shall be liable
to pay to the other parties’ damages for any breach of this Agreement and all expenses and costs incurred by that party in
enforcing its rights under this Agreement.

 

		10.	CONTINUING EFFECT

 

The expiration or determination of this
Agreement howsoever arising shall not operate to affect the provisions of this Agreement relating to claims and indemnities,
confidentiality or the payments of fees in accordance with the provisions of this Agreement.

 

		11.	ENTIRE AGREEMENT

 

The foregoing terms and conditions constitute
the parties’ entire agreement with respect to the subject matter contained herein, and supersede all other prior written or oral
agreements and undertakings with respect to such subject matter. The scope of this arrangement may be changed only by mutual agreement.

 

		12.	SUCCESSORS AND ASSIGNS

 

The Client shall not without the written
consent of the Consultants, assign or transfer any of its rights or obligations hereunder and it shall remain fully liable for
all of its undertakings, agreements, duties, liabilities and obligations hereunder, and for the due and punctual observance and
performance thereof.

 

    4

     

    

 

		13.	WAIVER

 

The failure by any party to enforce at
any time or for any period any one or more of the terms and conditions of this Agreement shall not be a waiver of its right at
any time subsequently to enforce any term and/or condition of this Agreement.

 

		14.	NOTICES

 

All notices, demands or other communications
required or permitted to be given or made under this Agreement shall be in writing and delivered personally or sent by local courier
or by email or facsimile transmission to the intended recipient thereof at its or his address or email address or facsimile number,
and marked for the attention of such person (if any), designated by it or him for the purposes of this Agreement. The initial address,
email address or facsimile number and person (if any) so designated by the parties are set out below:

 

CONSULTANTS

 

	 	Address	 
	 	 	 
	 	Email 	 
	 	 	 
	 	Attn	 
	 	 	 
	 	Address 	 
	 	 	 
	 	Email 	 
	 	 	 
	 	Attn	 
	 	 	 
	 	CLIENT	 
	 	 	 
	 	Address	7500A Beach Road, Unit 12-313, The Plaza, Singapore 19959 1
	 	 	 
	 	Email 	 
	 	 	 
	 	Facsimile 	 
	 	 	 
	 	Attn	Mr. Justin Leong

 

		15.	COUNTERPARTS

 

This Agreement may be executed in any number of counterparts,
all of which when taken together shall constitute one and the same instrument and any of the parties may execute this Agreement
by executing any such counterpart.

 

		16.	GOVERNING LAW AND JURISDICTION

 

This Agreement shall be construed and governed in all respects
in accordance with the laws of Singapore, and the parties hereby submit to the jurisdiction of the courts o£ Singapore in
all matters connected with this Agreement PROVIDED THAT submission to the jurisdiction of the courts of Singapore shall not be
construed as derogating from a party’s right to commence proceedings in the courts of any other country.

 

    5

     

    

 

	Signed by	)
	 	 
	Date and witnessed by	)
	 	 
	Signed by	)
	 	 
	Date and Witnessed by	)
	 	 
	Signed by Leong Aan Yee Justin	)
	 	 
	For and on behalf or	)
	Rebel Group, Inc.	)

 

    6WELLS FARGO & COMPANY 8-K

 

 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. 95001D3G3	PRINCIPAL AMOUNT: $__________

REGISTERED
NO. __

 

WELLS
FARGO & COMPANY

 

MEDIUM-TERM
NOTE, SERIES T

 

Due
Nine Months or More From Date of Issue

 

Notes
Linked to the 10-Year Constant Maturity Swap Rate due November 28, 2028

 

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 November 28, 2028 (the “Stated Maturity Date”) and to pay interest
thereon from November 28, 2018 or from the most recent Interest Payment Date to which interest has been paid or duly provided
for quarterly on each February 28, May 28, August 28 and November 28, commencing February 28, 2019, 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 November 28, 2018 and end on and include February 27, 2019.

 

    	 	 	 

    	 

    

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 (A) during the first eight Interest Periods (up to and including the Interest
Period ending November 27, 2020) will be equal to 5.00% per annum and (B) for all Interest Periods commencing on or after
November 28, 2020 will be determined by the calculation agent for this Security (the “Calculation Agent”) and
will be equal to the 10-Year Constant Maturity Swap Rate on the Interest Determination Date for such Interest Period plus 0.25%.

 

The
“Interest Determination Date” for an Interest Period commencing on or after November 28, 2020 will be two U.S.
Government Securities Business Days prior to the first day of such Interest Period. A “U.S. Government Securities Business
Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association
recommends that the fixed income department of its members be closed for the entire day for purposes of trading in U.S. government
securities.

 

“10-Year
Constant Maturity Swap Rate” or “10-Year CMS Rate,” means, for any Interest Determination Date, the
“U.S. Dollar ICE Swap Rate,” which will be the rate for U.S. Dollar swaps with a designated maturity of 10 years,
expressed as a percentage, that appears on the Reuters page ˂ICESWAP1˃ (or any successor page thereto) as of 11:00
a.m., New York City time, on such Interest Determination Date.

 

If
such rate does not appear on the Reuters page ˂ICESWAP1˃ (or any successor page thereto) at such time, the Calculation
Agent shall determine the 10-Year CMS Rate for the relevant Interest Determination Date on the basis of the Mid-market Semi-annual
Swap Rate quotations provided by the CMS Reference Banks at approximately 11:00 a.m., New York City time, on such Interest Determination
Date. The Calculation Agent will request the principal New York City office of each of the CMS Reference Banks to provide a quotation
of its rate, and

 

		(i)	if
                                         at least three quotations are provided, the rate for that Interest Determination Date
                                         will be the arithmetic mean of the quotations, eliminating the highest quotation (or,
                                         in the event of equality, one of the highest) and the lowest quotation (or, in the event
                                         of equality, one of the lowest); or

 

		(ii)	if
                                         fewer than three quotations are provided, the Calculation Agent will determine the rate
                                         in its sole discretion.

 

“CMS
Reference Banks” means five leading swap dealers selected by the Calculation Agent in its sole discretion in the New
York City interbank market.

 

“Mid-market
Semi-annual Swap Rate” means, on any Interest Determination Date, the mean of the bid and offered rates for the semi-annual
fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. Dollar interest rate swap transaction with a term
equal to a designated maturity of 10 years commencing on such Interest Determination Date and in a CMS Representative Amount
with an acknowledged dealer of good credit in the swap market, where

 

    	 	2	 

    	 

    

the
floating leg, calculated on an actual/360 day count basis, is equivalent to U.S. Dollar LIBOR with a designated maturity of three
months.

 

“CMS
Representative Amount” means an amount that is representative for a single transaction in the relevant market at the
relevant time as determined by the Calculation Agent in its sole discretion.

 

The
Calculation Agent shall, upon the request of a Holder of this Security, provide the interest rate then in effect and, if determined,
the interest rate that will become effective for the next Interest Period. All calculations of the Calculation Agent, in the absence
of manifest error, shall be conclusive for all purposes and binding on the Company and the Holder hereof. The Calculation Agent
shall notify the Paying Agent of each determination of the interest applicable to this Security promptly after the determination
is made. Wells Fargo Securities, LLC will initially act as Calculation Agent. The Company may appoint a successor Calculation
Agent with the written consent of the Trustee.

 

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

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

This
Security is not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to November
28, 2028. 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.

    	 	3	 

    	 

    

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

 

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

 

    	 	4	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

DATED:

 

	 	WELLS FARGO & COMPANY
	 	 	 
	 	By:	 
	 	 	 
	 	 	Its:
	 	 	 
	 	 	 
	 	Attest:	 
	 	 	 
	 	 	Its:

 

TRUSTEE’S
CERTIFICATE OF

AUTHENTICATION

This
is one of the Securities of the 

series
designated therein described

in
the within-mentioned Indenture.

 

	CITIBANK, N.A.,	 
	 	as Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 
	 	 	 
	OR	 
	 	 	 
	WELLS FARGO BANK, N.A.,	 
	 	as Authenticating Agent for the Trustee	 
	 	 	 
	By:	 	 
	 	Authorized Signature	 

 

 

    	 	5	 

    	 

    

[Reverse
of Note]

 

 

WELLS
FARGO & COMPANY

 

MEDIUM-TERM
NOTE, SERIES T

 

Due
Nine Months or More From Date of Issue

 

Notes
Linked to the 10-Year Constant Maturity Swap Rate due
November 28, 2028

 

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 February 21, 2017, 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 T of the Company. The Securities of this series will bear interest at a fixed rate
or a floating rate. The Securities of this series may mature at different times,
be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and
be denominated in different currencies.

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 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

    	 	6	 

    	 

    

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, 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 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

    	 	7	 

    	 

    

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.

    	 	8	 

    	 

    

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)

 

    	 	9	 

    	 

    

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.

 

 

    	 	10

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