Document:

Form of Medium-Term Notes

 Exhibit 4.8 
 [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. 94986RCX7	  	PRINCIPAL AMOUNT: $                    
	REGISTERED NO.      	  	

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 
 Due Nine Months or More From Date of Issue 
 Notes due March 7, 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 March 7, 2021 (the “Stated Maturity Date”) and to pay interest thereon from
March 7, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly provided for quarterly on each March 7, June 7, September 7 and December 7, commencing June 7, 2011 (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 the fifteenth calendar day, whether or not a 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 or Minneapolis, Minnesota. 

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 March 7, 2011 and end on an include June 6, 2011. 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 determined by the calculation agent for this
Security (the “Calculation Agent”) and will be equal to 3 month LIBOR on the Determination Date for such Interest Period plus 1.00%, subject to the Minimum Interest Rate and the Maximum Interest Rate. 

The “Determination Date” for an Interest Period will be two London Banking Days prior to the first day of such Interest
Period. A “London Banking Day” is any day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 
 “3 month LIBOR” means, for any Determination Date, the arithmetic mean of the offered rates for deposits in U.S. dollars having a 3 month maturity, commencing on the second London
Banking Day immediately following that Determination Date that appear on the Designated LIBOR Page as of 11:00 a.m., London time, on that Determination Date, if at least two offered rates appear on the Designated LIBOR Page, provided that if
the Designated LIBOR Page by its terms provides only for a single rate, that single rate will be used. The “Designated LIBOR Page” means the display on Reuters, or any successor service, on page LIBOR01, or any other page as may
replace that page on that service, for the purpose of displaying the London Interbank rates for U.S. dollars. 
 If
(i) fewer than two offered rates appear or (ii) no rate appears and the Designated LIBOR Page by its terms provides only for a single rate, then the Calculation Agent will request the principal London offices of each of four major banks in
the London interbank market, as selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in U.S. dollars for a 3 month period commencing on the second London Banking Day immediately following that
Determination Date to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Determination Date and in a principal amount that is representative of a single transaction in U.S. dollars in that market at
that time. If at least two quotations are provided, 3 month LIBOR determined on that Determination Date will be the arithmetic mean of those quotations. 
 If fewer than two quotations are provided, 3 month LIBOR will be the arithmetic mean of the rates quoted at approximately 11:00 a.m. in New York, New York on that Determination Date by three major
banks in New York, New York selected by the Calculation Agent for loans in U.S. dollars to leading European banks, having a 3 month maturity and in a principal amount that is representative of a single transaction in U.S. dollars in that market at
that time. 
 If the banks so selected by the Calculation Agent are not quoting as set forth above, 3 month LIBOR on such
Determination Date will be determined by the Calculation Agent in a commercially reasonable manner. 
 The “Minimum
Interest Rate” is 2.00% per annum. 

  
 2 

 The “Maximum Interest Rate” is 7.00% per annum. 

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
March 7, 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. 

  
 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 under its
corporate seal. 
 DATED:
                     
  

					
	WELLS FARGO & COMPANY
		
	 By:
	 	  

		 	  

		 	 Its:
	 	  

 [SEAL] 
  

					
	Attest:	 	  

		 	  

		 	Its:	 	  

 TRUSTEE’S CERTIFICATE OF 
 AUTHENTICATION 

This is one of the Securities of the 
 series
designated therein described 
 in the within-mentioned Indenture. 

 

			
	CITIBANK, N.A.,
	    as Trustee
		
	By:	 	  

		 	Authorized Signature
		
		 	 OR

	
	 WELLS FARGO BANK, N.A.,
     as Authenticating Agent for the Trustee

		
	By:	 	  

		 	Authorized Signature

  
 5 

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

 Due Nine Months or More From Date of Issue 
 Notes due March 7, 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 

  
 6 

 
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

  
 7 

 
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. 

  
 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.

  
 10Master HP Partner Agreement

 Exhibit 10.1 

 

 

 MASTER HP PARTNER AGREEMENT 
 This Agreement sets forth the general terms and conditions that will govern your appointment and the appointment of your Subsidiaries listed in Exhibit A as a non-exclusive partner (or
“partner”) for the purchase, resale or sublicense of HP Products and Support. 
 “You” and “your” mean your
company that has signed this Agreement (and a Local Implementation Agreement), as well as your Subsidiaries that have signed a Local Implementation Agreement. “We,” “us,” “our” and “HP” mean the
Hewlett-Packard company that has signed this Agreement (and a Local Implementation Agreement), as well as all HP Affiliates that have entered into a Local Implementation Agreement. The term “parties” refers to both you (and your
subsidiaries that have signed a Local Implementation Agreement) and us (and our Affiliates that have signed a Local Implementation Agreement), and the term “party” may be used to refer to any such entities individually. 

This letter, together with the attached Master HP Partner Terms, the Local Implementation Agreements and all other Addenda and Transaction Documents
establishes the entire Master HP Partner Agreement (“Agreement”). 
 We look forward to establishing mutually beneficial relationship
with you through this Agreement. 
 ATTACHMENTS: 
 - Master HP Partner Terms 
 - Local Implementation Agreements 

MASTER HP PARTNER AGREEMENT NUMBER 58AKC 
  

									
	Sign Date:	  	 March 1, 2011
	 		 	Sign Date:	  	 March 1, 2011

			
	AGREED TO:	 		 	AGREED TO:
	Name:	  	 Simon Y. Leung
	 		 	Name:	  	   Sherry Nelson

		  	Senior Vice President, General Counsel and Corporate Secretary	 		 	Title:	  	Americas Contracts Compliance Manager
					
		  	     /s/ Simon Y. Leung
	 		 		  	     /s/ Sherry Nelson

		  	Authorized Representative Signature	 		 		  	Authorized Representative Signature
					
	Name:	  	SYNNEX Corporation	 		 	Name:	  	Hewlett-Packard Company
					
	Address:	  	44201 Nobel Drive	 		 	Address:	  	Americas Partner Contracts Organization
					
		  	Fremont, CA 94538	 		 		  	10955 Tantau Ave.
					
		  	  
	 		 		  	Bldg. 45SI; M/S 4381
					
		  	  
	 		 		  	Cupertino, CA 95014

 

 

  

 MASTER HP PARTNER TERMS 

 

	1.	DEFINITIONS 

  

	 	a.	“Addendum” or “Addenda” means document(s) attached to, or incorporated by reference into the Agreement at any time during the life of
the Agreement that set(s) forth additional descriptions and requirements of particular partner relationships, HP partner program offerings and Product offerings (“Product Exhibits”). 

 

	 	b.	“Affiliate” means it is not a direct or indirect Subsidiary and that you own directly or indirectly less than 50% of the outstanding voting securities
or ownership interest, of the affiliate company. 

  

	 	c.	“Customer(s)” means the party who has submitted or is likely to submit a formal request to purchase from or through you for its own internal use only.
You, your parent company, or any entity effectively controlled by your parent cannot be a Customer under this Agreement. 

  

	 	d.	“HP Authorized Partner” means a channel partner that has a valid partner agreement with HP, meets and accepts HP partner program requirements and/or
fulfills the HP requirements as specified on the HP Partner Portal or in the Product Exhibits, including the HP certification requirements for specific Products or Support, for the Territory. 

 

	 	e.	“HP Branded” means Products and Support bearing a trademark or service mark of HP or any HP Affiliate. 

 

	 	f.	“HP Partner Portal” means the HP website for partners located at the URL provided by your local HP organization. 

 

	 	g.	“Products” means hardware, Software, Support, documentation, accessories, supplies, parts and upgrades that HP authorizes you to purchase or license
under this Agreement that are sourced from HP and/or HP authorized distributor. 

  

	 	h.	“Software” means machine-readable instructions and data (and copies), and related updates and upgrades, licensed materials, user
documentation, user manuals, and operating procedures. Software may be a separate Product or bundled. 

  

	 	i.	“Subsidiary” means any of your subsidiary companies, or any subsidiaries of your parent company provided that the parent company owns, directly or
indirectly, more than 50% of the outstanding voting securities or ownership interest, of the subsidiary company. 

  

	 	j.	“Support” means hardware maintenance and repair; Software updates and maintenance; training; and other standard support services provided by HP.

  

	 	k.	“Territory” means the country or countries listed in the Local Implementation Agreement. 

 

	 	l.	“Transaction Documents” means an accepted order from you (excluding pre-printed terms) and in relation to that order valid HP quotations, HP published
technical data sheets or service descriptions, program guides, program terms and conditions, Operations Policy Manual (“OPM”), HP Partner Portal content applicable to this Agreement, or any mutually agreed or accepted documents that
reference this Agreement. 

  

	2.	APPOINTMENT 

  

	 	a.	Subject to the execution of a Local Implementation Agreement (“LIA”) substantially in the form of Exhibit A referencing this Agreement, you and your
Subsidiaries may be appointed as authorized, non-exclusive partners for the purchase and resale through distribution, and when authorized by HP the sublicense of Products subject to the terms and conditions of this Agreement.

  

	 	b.	Local Implementation Agreements shall be entered into by you and us, and by each of your qualified Subsidiaries and an HP Affiliate operating in, or sourcing products
to, the Territory where each of your Subsidiaries operate. Upon signing a Local Implementation Agreement, the terms of this Agreement will apply between the parties that have entered into a LIA pursuant to this Section 2(b). A Local
Implementation Agreement may include supplemental Territory-specific terms to reflect local laws or business practices that will take precedence over any other inconsistent terms in this Agreement, as well as all relevant Addenda, Exhibits and
appendices relevant to the partnership appointment in the relevant Territory. Each of the parties signing a Local Implementation Agreement will perform only in the Territory designated in the relevant Local Implementation Agreement and will be
solely responsible for claims arising out of its own performance. 

  

	 	c.	 The nature and scope of your authorization are detailed in the Addendum (or Addenda) that describe(s) your roles and responsibilities as an HP
authorized partner (“HP Partner Roles and Responsibilities Addendum” or “HP Partner Authorization Addendum”). The Products 

 

 

  

	 	 
covered by this authorization, including any discounts and commitment levels, are detailed in the Product Exhibits or the HP Partner Portal. Other policies, procedures, terms and conditions
applicable to this Agreement as per their respective terms and as updated from time to time, are contained in the OPM or posted on the HP Partner Portal. Specific terms and conditions or authorization level for each LIA will be included in, appended
to, or incorporated by reference into, the relevant Local Implementation Agreement(s). 

  

	 	d.	All Products must be purchased for resale purpose only, and not for internal purposes. You may purchase from HP or an HP authorized distributor in the Territory and as
indicated in the HP Partner Roles and Responsibilities Addendum. You may not purchase Products for resale purposes from any unauthorized sources. When you purchase Products directly from us, the HP Partner Terms of Purchase will apply for such
purchases. 

  

	 	e.	You may resell Products to Customers as and if specified in the HP Partner Roles and Responsibilities Addendum. You may not resell Products to any of your divisions or
Affiliates. 

  

	 	f.	You will conduct your business under this Agreement only in the Territory and, to the extent allowed by applicable law, importation into or exportation out of the
Territory of Products is prohibited unless we authorize you to do so in writing. The Territory where you or your eligible Subsidiaries may conduct business under a Local Implementation Agreement will be designated in such Local Implementation
Agreement. You will not directly or indirectly resell Products within the Territory if the Products have not been acquired directly from HP or from an HP authorized distributor, or you know or have reasons to believe that the purchaser or any third
party will export for sale or resell Products to, or import into any country outside the Territory. 

  

	3.	STATUS CHANGE 

  

	 	a.	Name or Location Change. You must notify us immediately in writing if you change your company name or legal form, or need to add, close or change an HP-approved
sold-to address or an HP-authorized location. 

  

	 	b.	Ownership Change. In case of an ownership change, you will notify us in writing and provide the required information within five (5) days prior to the
intended date of change, or on the earliest date you are legally permitted to provide such information, but not later than five (5) business days after the change has occurred. “Ownership Change” means merger, acquisition,
consolidation or other reorganization that results in an entity controlling twenty percent (20%) or more of your company’s capital stock or assets, or which assumes management of your operations or your company’s acquisition of twenty
percent (20%) or more of the capital stock or assets of another entity. After we receive all required documents to evaluate your status change or as soon as we believe we are in a position to decide, we will notify you of our consent or refusal
to continue your Agreement. If we refuse, this Agreement will automatically and immediately terminate unless otherwise provided and we may, subject to mandatory applicable law, cancel any unfulfilled obligations. We do not consent to these changes
prior to any Ownership Change. 

  

	4.	SOFTWARE LICENSE 

  

	 	a.	License Grant. HP grants you a non-exclusive, non-transferable license to distribute Software to Customers for their use. 

 

	 	b.	Sublicense. Some Software may require a sublicense agreement between you and Customer. The written sublicense agreement must be available to us upon request and
will incorporate the terms as provided by HP. 

  

	 	c.	Ownership. Software is owned and copyrighted by us or by third party suppliers. Your Software license confers no title or ownership and is not a sale of any
rights in the Software, or the media on which it is recorded or printed. 

  

	 	d.	License Restrictions. You will not modify, disassemble, decrypt or decompile the Software without our prior written consent. Where you have other rights under
statute, you will provide us with reasonably detailed information regarding any intended disassembly, decryption, or decompilation and the reasons for the action. 

 

	 	e.	You shall ensure that your Customer is advised that (1) the use of the Software is subject to the Customer acceptance
of end-user license terms (‘EULA’) delivered with the Product and (2) Support will be delivered subject to HP’s Support terms. The EULA and the Support terms are available from HP upon request or may be
electronically posted by HP. 

  

	 	f.	If the Software is licensed for use in the performance of a U.S. government prime contract or subcontract, you agree that the Software is delivered as “Commercial
computer software” as defined in DFARS 252.227-7014 (Jun 1995), or as a “commercial item” as defined in FAR 2.101(a), or as “Restricted computer software” as defined in FAR 52.227-19 (Jun 1987), or any equivalent agency
regulation or contract clause, whichever is applicable. 

  

	5.	MICROSOFT LICENSE GRANT LIMITATION 

 You agree to the following terms if you distribute HP computer systems that are pre-installed, bundled, or otherwise distributed with a Microsoft (“MS”) operating system or with MS application
Software (“HP Computer Systems”). You will: 

 

 

  

	 	a.	Deliver to your Customer, as applicable, the Microsoft Certificate of Authenticity (“COA”) and Associated Product Materials (“APM”) together with
each HP Computer System, in HP’s packaging, and will not quote a separate price for the MS operating system, the MS application Software or both. “APM” means material associated with the MS operating system Software or application
Software, or both, that accompany the HP Computer System in HP’s packaging, including without limitation, the Customer manual, recovery media, and external media. 

 

	 	b.	Provide reasonable assistance to us in any investigation of an incident where you or any party within your distribution channels delivers the COA and APM separate from
HP Computer Systems purchased from you or quotes a separate price for the MS operating system, the MS application Software, or both on such HP Computer Systems. 

 

	 	c.	Take all commercially reasonable steps to follow notices of any kind provided by Microsoft, or by us to you, regarding any Microsoft Software distributed with HP
Computer Systems. 

  

	 	d.	Indemnify HP from all costs, including reasonable attorneys’ fees, relating to claims by Microsoft relating to the unauthorized distribution of Microsoft products.

  

	 	e.	If Microsoft notifies us that we must discontinue distribution of the HP Computer Systems to you, we will do so promptly following receipt of such notice. Under no
circumstances will our failure to deliver HP Computer Systems to you, following receipt of such notice, constitute a breach of this Agreement. 

  

	6.	WARRANTY 

  

	 	a.	Warranty Terms. Product warranty terms, conditions, exceptions, exclusions and disclaimers are contained within the Product packaging, with HP quotes, on
indicated web pages or HP Partner Portal, or upon request. 

  

	 	b.	Pass Through Processes. HP warranty passes through to Customers. You may provide more extensive warranty coverage for Customers, as long as we have no
responsibility for fulfilling the additional obligations. If you provide more extensive warranty coverage, you will identify it as non-HP warranty. 

  

	 	c.	Pass Through Warranty Periods. If the Products you ordered from us are temporarily retained in your inventory, they are warranted to you beginning on the
shipment date from us and ending with shipment to Customer, for a period not to exceed ninety (90) days from date of your original purchase from us. Customer warranties begin upon Product purchase by the Customer and must be verified by proof
of acquisition by Customer. 

  

	7.	PRODUCT MODIFICATION 

  

	 	a.	HP reserves the right to make changes in the design or specifications of Products. 

 

	 	b.	You are not authorized to modify HP Products. We are not liable for any issue arising from such unauthorized modifications, or for any commitment(s) you make with
respect to special interfacing, compatibility or suitability of Product(s) and Support for specific applications. 

  

	 	c.	If we issue a Product safety notification or operational correction, you will notify your Customers who purchased the impacted Product(s). Such notification may include
providing reports for them, listing resources for information, advertising in various publications, etc. The notification will be in writing and sent to them within five (5) days of receipt of notice from HP unless otherwise agreed by both
parties. 

  

	8.	MARKS 

  

	 	a.	“Marks” means any name, symbol, trademark, logotype, trade name, and insignia that each party owns. 

 

	 	b.	We may allow you to use HP Marks only to promote the sale of HP Products and Support under this Agreement. The HP Marks, the process of becoming approved to use them,
and our terms of use are posted on the HP Partner Portal. 

  

	 	c.	The parties agree to display each other’s Marks in good taste, in a manner that preserves their value as each other’s Marks, and in accordance with any
standards provided by the other party for display. 

  

	 	d.	 The parties agree not to display each other’s Marks in any written or media material without prior written consent of the other party.
Notwithstanding the foregoing, you authorize us to use your Marks without consent for our internal use or for listing your Marks on hp.com or the HP Partner Portal. You may request withdrawal of this authorization at any time with a written notice.
Both parties will respond to a 

 

 

  

	 	 
request to use a Mark within five (5) business days after receiving the request, but the party asking to use the Mark always needs to get prior written consent. 

 

	 	e.	Use of Marks will never mean, or be implied to mean, that there is a transfer of ownership of the Marks between the parties. 

 

	 	f.	Any right either party may have regarding the other party’s Marks pursuant to this Agreement will automatically end when this Agreement terminates.

  

	 	g.	You will not register or use any trade, company, business or internet domain name which contains HP’s Marks (e.g. “HP”, “hp”,
“Hewlett-Packard”, “Compaq” or “EDS”) in whole or in part or any other name which is confusingly similar thereto. 

  

	9.	CONFIDENTIALITY 

  

	 	a.	If the parties exchange confidential information, the receiving party will protect the confidential information of the other in the same manner in which it protects its
own equivalent proprietary, confidential, and trade secret information, but with no less than reasonable care. To be treated as confidential information under this Agreement, prior to disclosure, the party disclosing the confidential information
must either mark such information as “confidential”, or if such information is provided orally, notify the receiving party in writing that the information is confidential within thirty (30) days of its communication. Unless agreed
otherwise, such information will remain confidential for two (2) years after the date of written disclosure. 

  

	 	b.	You will use confidential information for the purpose of fulfilling your obligations under this Agreement and not for any other purpose. You will not publicize or
disclose to any third party the contents of this Agreement without prior written consent from us. 

  

	 	c.	The following information will not be classified as confidential information. Information that is: 

 

	 	1.	A matter of public knowledge at the time of disclosure, or becomes one, through no fault of the recipient’s; 

 

	 	2.	Rightfully received by the recipient from a third party without a duty of confidentiality; 

 

	 	3.	Independently developed or learned by the recipient; 

  

	 	4.	Disclosed under operation of law; 

  

	 	5.	Disclosed by the recipient with the discloser’s prior written approval, but subject to the terms of that approval; or 

 

	 	6.	Rightfully, in the recipient’s possession before the disclosure. 

  

	 	d.	If personal data of either party’s employees, a Customer or a Customer’s employees is disclosed to the other party, the receiving party agrees to comply with
applicable data protection laws when collecting, storing, transferring, sharing, and/or otherwise processing such personal data. Unless expressly agreed otherwise, any personal data we disclose may only be used in accordance with the then current HP
privacy policy available on the HP web site, and HP privacy statement posted on the HP Partner Portal. We will respect your privacy and the privacy of customers as detailed in HP’s privacy policy. 

 

	10.	INTELLECTUAL PROPERTY INDEMNIFICATION 

  

	 	a.	We will defend or settle any claim against you (or Customers and third parties to whom we authorize you to resell or sublicense Products), that HP Branded Products or
Support (excluding custom Products and custom Support, but including any pre-written statements of work regarding Support), delivered under this Agreement, that alone, and not in combination with any other product, infringe any third party patent,
copyright, trade secret, mask work or trademark in the country where Products are used, sold or receive Support, provided you: 

  

	 	1.	promptly notify us in writing; 

  

	 	2.	have sold Products, or sold or performed Support in complete compliance with this Agreement; and 

 

	 	3.	cooperate with us in, and grant us sole control of the defense or settlement. 

 

 

  

	 	b.	We will pay defense costs, including reasonable attorney’s fees, HP negotiated settlement amounts and court-awarded damages. If such a claim occurs or appears
likely to occur, we may modify the Product, procure any necessary license, or replace it. If we determine that none of these alternatives is reasonably available, we will refund your purchase price upon return of the Product if within one
(1) year of delivery, or the Product’s value thereafter. For Support, the refund will be the lesser of twelve (12) months charges for the claimed infringing Support or the amount paid by Customer for that Support.

  

	 	c.	We have no obligation for any claim of infringement arising from: 

  

	 	1.	our compliance with designs, specifications or instructions; provided by you, Customer or any other third party; 

 

	 	2.	our use of technical information or technology; provided by you, Customer or any other third party; 

 

	 	3.	modification of the Products by you, Customer or any other third party; 

  

	 	4.	use of Products prohibited by HP’s published specifications or related application notes; or, 

 

	 	5.	use of Products with products that are not HP Branded Products. 

 

 

  

	 	d.	To the extent permitted by law, these terms state our entire liability for claims of intellectual property infringement. 

 

	11.	INDEMNIFICATION AND LIMITATION OF LIABILITY 

  

	 	A.	Products and Support are not specifically designed, manufactured or intended as parts, components or assemblies for the planning, construction, maintenance, or direct
operation of a nuclear facility and HP disclaims any and all liability for the use of HP Products in a nuclear facility. You agree to indemnify and hold HP harmless from all loss, damage, expense or liability in connection with such use.

  

	 	b.	Except for claims under Section 10 intellectual property indemnification or damages for bodily injury or death and for any other claim which cannot be excluded by
applicable law, HP’s maximum liability under this Agreement is US$1,000,000 per incident. Notwithstanding the foregoing, in no event is HP liable to you for any and all damages from business interruption, loss of data, loss of profits or
revenue, cost of capital, or loss of use of any property or capital nor for any (other) special, indirect, incidental, statutory, punitive or consequential damages. 

 

	 	c.	To the extend allowed by applicable law, these limitations apply regardless of the basis of liability, including negligence, misrepresentation, breach of any kind or
any other claims in contract, tort or otherwise. 

  

	 	d.	You are solely responsible for your acts, omissions, obligations, representations, or misrepresentations in providing your services to Customers. You agree to defend,
indemnify and hold us harmless against all claims, lawsuits, liabilities, losses, damages, costs and expenses (including reasonable attorney and expert witness fees), as a result of any claims by Customers, arising out of or in connection with your
acts, omissions, obligations, representations, or misrepresentations in connection with your provision of services or services offerings; or reselling of HP Products and Support to Customers. 

 

	12.	COMPLIANCE, RECORD-KEEPING AND AUDIT 

  

	 	a.	You will establish and we have the right to audit, and take copies of, complete and accurate Records for compliance with this Agreement and our programs.
“Records” means your books, including electronic records and original documentation, related to acquisition, sale, maintenance and disposition of all Products and Support. You will maintain Records for two (2) years from the date of
sale or purchase of all Products and Support. 

  

	 	b.	We will give you reasonable notice of an audit. You will give us and/or our auditors (internal or third party) prompt access to your Records during normal business
hours. We have the right to audit your Records for two (2) years after termination of the Agreement. 

  

	 	c.	HP may engage a third party to conduct an audit of your Records provided that such third party agrees to abide by the terms in section 9, Confidentiality.

  

	 	d.	Each party bears its own costs associated with an HP audit, however if the audit reveals a deviation from your obligations with this Agreement, you agree to pay all of
our reasonable audit costs and fees in addition to any other amounts which may be owed. 

  

	 	e.	You agree that we may debit, invoice or offset you for all improper discounts and payments from HP as determined as a result of our audit. 

 

	13.	TRADE CONTROLS 

 If you export,
re-export, or import Products, technology, or technical data, you assume responsibility for complying with applicable laws and regulations and for obtaining required export and import authorizations. You will comply with Trade Controls requirements
posted on the HP Partner Portal. Nothing in this section should be taken as an authorization to export in breach of section 2.f. 

 

 

  

	14.	CHANGES AND AMENDMENTS 

  

	 	a.	We may occasionally change our policies or programs. When we do so, we will notify you. 

 

	 	b.	Any amendment that we issue to this Agreement will automatically become a part of this Agreement on the effective date specified in the amendment notice. If you do not
agree with the amendment, you must give us written notice of your objection within fifteen (15) days of receipt of the notice. If you object and the parties cannot reach agreement on the amendment within thirty (30) days after our receipt
of your objection, then either party may terminate this Agreement under the terms of section 15, Terms and Termination. 

  

	15.	TERM AND TERMINATION 

  

	 	a.	This Agreement is effective on the date signed by HP. This Agreement will remain in effect until terminated. Each LIA entered into pursuant to the terms of this
Agreement shall be effective on the date signed by HP, or indicated in the LIA, via the HP Partner Portal or in the approval notification we issue to you whichever is earliest, and will remain in effect until terminated directly or indirectly as a
consequence of termination of this Agreement. 

  

	 	b.	Either party to a LIA may terminate such LIA without cause at any time upon thirty (30) days written notice, which is considered given upon receipt of notice.

  

	 	c.	Either of the undersigned parties to this Agreement may terminate this Agreement without cause at any time upon thirty (30) days written notice which is considered
given upon receipt of notice. Termination of this Agreement will automatically operate as a termination of all LIA entered into hereunder. 

  

	 	d.	If any party becomes insolvent, is unable to pay its debts when due, files for bankruptcy, is the subject of involuntary bankruptcy, has an administrator, receiver or
receiver and manager appointed, or has its assets assigned (an “Insolvent Party”), (i) its counterparty under a LIA (the “Counter-Party”) may terminate such LIA without notice and may, subject to mandatory applicable law,
cancel any unfulfilled obligations, and (ii) the undersigned party to this Agreement affiliated with the Counter-Party may terminate this Agreement (along with all other LIA entered into hereunder) without notice. 

 

	 	e.	In the event of any material breach of this Agreement or any LIA entered into hereunder, including our program terms and conditions by you, we may, without limitation:
(1) terminate this Agreement and/or the LIA entered into by the breaching party with immediate effect or as otherwise notified by HP; (2) require the breaching party to refund or forfeit any discounts or program payments paid and/or
accrued during the scope of the breach period; (3) and/or require the breaching party to reimburse us for all reasonable outside counsel fees associated with enforcing these provisions. Additionally, each time you breach the terms stated in
this Agreement, you will indemnify us against, and we may invoice you, and you agree to pay, for all liabilities, losses, costs and damages associated with the breach. 

 

	 	f.	If either party gives notice of termination, we may require you to pay cash in advance for additional deliveries from us during the remaining term, regardless of your
previous credit status. We may also withhold all such deliveries until you pay any outstanding balance. 

  

	 	g.	Obligations concerning outstanding purchase orders, invoices, marketing funds or promotional allowances, payments, statements of work, warranties, Support, Software
licensing, intellectual property protection, limitations of liability and remedies, audit, and confidentiality, will survive termination of this Agreement. 

 

	 	h.	Upon termination of this Agreement or any LIA, all rights to any accrued HP promotional allowance funds and HP promotional services under this Agreement or the specific
LIA being terminated, will automatically expire. 

  

	 	i.	By execution of this Agreement, both parties acknowledge that they have reviewed and accepted above termination terms. 

 

	16.	GENERAL 

  

	 	a.	Assignment. You may not assign or transfer any rights or obligations hereunder without our prior written consent. We may assign any rights or obligations
hereunder to another HP Affiliate at any time without notice. 

  

	 	b.	Waiver. No failure or delay by either party to exercise any of its rights under this Agreement will constitute or be deemed a waiver or forfeiture of those
rights. 

  

	 	c.	 Code of Conduct. HP expects all partners to conduct business in strict legal compliance and with the highest ethical standards. By signing this
Agreement, you agree to comply with HP’s Partner Code of Conduct, as updated from time to time, and located on the HP Partner Portal. Additionally, you acknowledge that there are specific legal and ethical requirements for doing business with
public sector entities and you are solely responsible for your compliance with these requirements. Specifically, you agree (without limitation): (1) not to seek or accept any compensation in connection with this Agreement which may violate any
applicable laws, regulations, contracts, or conflict of 

 

 

  

	 	 
interest policies; (2) not to use bribes, kickbacks, illegal gratuities, or other corrupt practices in connection with this Agreement; and (3) not to provide HP with any proprietary,
source selection sensitive, or other information that is restricted from disclosure by a third party. A breach of HP’s Partner Code of Conduct may be deemed a material breach of this Agreement. Without limiting HP’s rights under section
15, if you breach HP’s Partner Code of Conduct, HP may exclude you from HP’s channel programs, including special pricing and/or promotion programs and, if you are eligible to purchase Products directly from HP, HP may alter the level of
discount available for such purchases. 

  

	 	d.	Electronic Transactions. If the parties agree to do business electronically: 

 

	 	1.	Electronic transactions under this section mean signing contracts, placing or accepting orders, or accepting our partner program terms. 

 

	 	2.	Any orders placed by you and accepted by us on any hp.com website or any of your or our extranet sites will create fully enforceable obligations that will be subject to
the terms contained in this Agreement. The parties understand and agree that those orders we accept will be deemed for all purposes to be: (1) business records originated and maintained in documentary form; (2) a “writing” or
“in writing”; (3) “signed”; and (4) an “original” when printed from electronic files or records established and maintained in the normal course of business. 

 

	 	3.	The parties will not legally contest the validity or enforceability of electronic transactions. 

 

	 	4.	Electronic transactions will be admissible if introduced as evidence on paper in any judicial, arbitration, mediation, or administrative proceeding to the same extent
and under the same conditions as if they were hard copy signed documents. 

  

	 	5.	Electronic transactions may be conducted through EDI or other electronic methods that the parties may agree to. 

 

	 	6.	Each party will use commercially reasonable security measures to limit access to passwords and to limit access to the sites used to process electronic transactions, to
authorized persons. Each party will be responsible for any unauthorized use of the sites or issuance of messages caused by the failure of its security measures 

 

 

  

	 	e.	Enforceability. If any term or condition of this Agreement is determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remainder of this Agreement will remain in full force and effect. 

  

	 	f.	Entire Agreement. This Agreement is the entire agreement between the parties regarding its subject matter and supersedes all prior representations, discussions,
negotiations, agreements, or your additional or inconsistent terms, whether written or oral. Additional or inconsistent terms on any purchase order or other document from you will not apply to transactions. No modification of this Agreement or this
provision will be binding on either party unless made in compliance with section 14, Changes and Amendments. 

  

	 	g.	Force Majeure. Neither party will be liable for performance delays or for non-performance due to causes beyond its reasonable control. However, this provision
will not apply to any payment obligations. 

  

	 	h.	Governing Law. Any dispute between you and us relating to the formation, validity, breach or termination of this Agreement will be governed by the laws of
California and the courts of California will have exclusive jurisdiction. Disputes relating to the formation, validity, breach or termination of a LIA or relating to specific transactions under a LIA, will be governed by the law held applicable to
the concerned LIA and the courts indicated in the concerned LIA will have exclusive jurisdiction, except that HP may, at its option, bring suit for collection in the country where the Subsidiary that placed the order is located.

  

	 	i.	Independent Contractors. Both parties are independent contractors in the performance of this Agreement. This Agreement does not establish a franchise, joint
venture or partnership, or create any relationship of employer and employee, or principal and agent between the parties. 

  

	 	j.	Notices. All notices must be in writing, and considered given as of twenty-four (24) hours after sending by electronic means, over night courier, hand
delivery, or as of five (5) days of certified mailing. Delivery and receipt of notices are calculated based upon business days, excluding Saturday, Sunday, and public holidays. Notices to us will be sent to Hewlett-Packard Company, HP Americas
Partners Contracts Organization, 10955 Tantau Avenue, Bldg 45 South Lower, MS 4381, Cupertino, CA 95014-0794, or to an address provided by us in written notice to you. All notices to you will be sent to the attention of the individual at the address
indicated on the approval notification we issue to you. 

  

	 	k.	Order of Precedence. In the event of a conflict, the following order of precedence will apply: Transaction Documents, Addenda, LIA, Master HP Partner Terms.

  

	 	l.	UN Convention. The United Nations Convention on Contracts for the International Sale of Goods will not apply to this Agreement or to transactions
processed under this Agreement.

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