Document:

Certificate Eliminating the Certificate of Designations for ESOP Stock

Exhibit 4(ww) 
  
 
CERTIFICATE ELIMINATING THE
CERTIFICATE OF DESIGNATIONS 
WITH RESPECT TO THE 
ESOP CUMULATIVE CONVERTIBLE PREFERRED STOCK 
 
OF 
 
WELLS FARGO & COMPANY 
 

 
Pursuant to Section 151 of the General 
Corporation Law of the State of Delaware 
 

 
The undersigned DOES HEREBY CERTIFY that the following
resolutions were duly adopted by the Board of Directors of Wells Fargo & Company, a Delaware corporation (the “Company”), at a meeting duly convened and held on February 25, 2003, at which a quorum was present and acting throughout:

 
WHEREAS resolutions were adopted
by the Board of Directors, which resolutions are set forth in a Certificate of Designations filed with the Secretary of State of the State of Delaware on March 31, 1994, providing for and authorizing the issuance of 40,900 shares of ESOP Cumulative
Convertible Preferred Stock; and 
 
WHEREAS as of December 31, 2002, all the outstanding shares of the ESOP Cumulative Convertible Preferred Stock were converted into fully paid and nonassessable shares of common stock of the Company. 
 
RESOLVED that none of the authorized shares of
the ESOP Cumulative Convertible Preferred Stock are outstanding and none will be issued subject to the Certificate of Designations previously filed on March 31, 1994 with the Secretary of State of the State of Delaware with respect to such series.

 
RESOLVED that the Chairman, the
President, any Vice Chairman, any Executive Vice President, any Senior Vice President, the Secretary and any Assistant Secretary are hereby authorized to execute, acknowledge, and file such instruments and documents as they, or any of them, may deem
necessary or advisable to eliminate from the Company’s Restated Certificate of Incorporation, as amended, all matters set forth in said Certificate of Designations with respect to the ESOP Cumulative Convertible Preferred Stock. 
 
IN WITNESS WHEREOF, WELLS FARGO & COMPANY has caused its
corporate seal to be hereunto affixed and this Certificate to be signed by Laurel A. 

 
Holschuh, its Senior Vice
President, and attested by Rachelle M. Graham, its Assistant Secretary, this 20th day of March, 2003. 
 
 
 
	 WELLS FARGO & COMPANY

	
	 By
	 	 /s/    LAUREL A.
HOLSCHUH

	 	 	

	 	 	 Senior Vice President

  

	 ATTEST:

	
	 /s/    RACHELLE M.
GRAHAM

	

	 Assistant Secretary

  
  
[Filed in the Office of the Delaware Secretary of State on March 20, 2003] 
 

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Exhibit 10.53    
  

	Irwin J. Gruverman

16 Tanglewood Road

Needham, MA 02194	 	December 31, 2002

Dear
Mr. Gruverman: 

        This
will confirm our Agreement concerning your compensation as Chairman and CEO of MFIC. 

        Subject
to approval by the Board, we will pay you at a base rate of $95,000 per year, beginning January 1, 2003. You will participate in a bonus pool, if any, for management
employees, and the Board will consider a Special Bonus if financial results and stock performance warrant it. You agree that MFIC will withhold money from your compensation to pay appropriate taxes.
You will be included in MFIC's insurance and medical programs as in past years, at no cost to you, as part of your compensation. 

	MFIC CORPORATION	 	 
	

/s/ Irwin Gruverman	
 	

 
	
 Irwin Gruverman, CEO, Chairman	 	
 Irwin Gruverman, for myself
	

/s/ Robert Bruno	
 	

 
	
 Robert Bruno, President	 	 

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Exhibit 10.54    
  

 
 

THIRD AMENDMENT TO REVOLVING CREDIT AND
  TERM LOAN AGREEMENT    
  

        This Third Amendment to Revolving Credit and Term Loan Agreement (the "Amendment") is made as of the 19th day of February, 2003 by and among 

MFIC
Corporation (the "Borrower"), a Delaware corporation with its principal executive offices at 30 Ossipee Road, Newton, Massachusetts 02464; and 

PNC
Bank, National Association, a national banking association (the "Lender") with a place of business at 70 East 55th Street, 14th Floor, New York, New York 10022; 

in
consideration of the mutual covenants herein contained and benefits to be derived herefrom. 

WITNESSETH:  

        WHEREAS, the Borrower and National Bank of Canada ("NBC") entered into a certain Revolving Credit and Term Loan Agreement dated as of February 28, 2000 (as
amended in effect, the "Loan Agreement"); and 

        WHEREAS,
NBC has assigned all of its right, title and interest in and to the Loan Agreement and the documents, instruments and agreements executed and delivered in connection therewith
to the Lender; and 

        WHEREAS,
the Borrower has requested that the Lender modify and amend certain provisions of the Loan Agreement; and 

        WHEREAS,
the Lender has agreed to modify and amend certain provisions of the Loan Agreement on the terms and conditions set forth herein. 

        NOW,
THEREFORE, it is hereby agreed as follows: 

	1.
	Definitions.

	(a)
	All
capitalized terms used herein and not otherwise defined shall have the same meanings herein as in the Loan Agreement.

	(b)
	Section
1 of the Loan Agreement is hereby amended by either amending or inserting the following definition therein: 

"Maturity
Date". February 28, 2004 or such earlier date on which the Loans shall become due and payable pursuant to the terms hereof. 

"Monthly
Monitoring Fee". The fee payable to Lender for monthly monitoring of the Loans as provided for in subsection (c) of Section 6.9
Inspection of Properties and Books. 

	2
	Subsection
(a) of Section 3.2 Funds for Payments is deemed amended to delete the address "One Federal Street, Boston, Massachusetts 02110" and
substitute therefor "Two Tower Center, East Brunswick, New Jersey 08816, Attention: PNC Business Credit."

	3.
	Section
6.9 Inspection of Properties and Books is deemed amended as follows:

	(i)
	Subsection
(b) is amended to delete the references to "$550.00 per day" and "$15,000 in any calendar year" and substitute therefor "$750.00 per day" and "$25,000 in any calendar year"
respectively.

	(ii)
	A
new subsection (c) is deemed added to provide that in addition to the examinations described in (b) above, Lender shall continue to monitor the Loans on a monthly basis for
which it shall be paid Monthly Monitoring Fee, in the amount of $1,000,00 per month 

until
increased or decreased, such payment to commence to be due and payable commencing in the first full month following the date of this Amendment. 

	4.
	Subsection
(g) of Section 7.1 Restrictions on Indebtedness is deemed amended to delete the figure "$200,000.00" and substitute therefor "$250,000.00."

	5.
	Section
8.1 Consolidated Tangible Net Worth is deemed amended to add to the existing grid the following: 

	12/31/03 and thereafter	 	The required Consolidated Tangible Net Worth for the Previous quarter plus the Applicable Profit Margin plus Subordinated Debt

The
Borrower and Lender acknowledge and agree that the foregoing covenant shall be calculated exclusive of the Impairment Charge for the fiscal quarter in which the Borrower recognized the Impairment
Charge. 

	6.
	Section
8.3 Consolidated Pre-Tax Income is deemed amended to add to the existing grid the following: 

	12/31/03	 	$500,000

The
Borrower and Lender acknowledge and agree that the foregoing covenant shall be calculated exclusive of the Impairment Charge for the fiscal quarter in which the Borrower recognized the Impairment
Charge. 

	7.
	Section
8.4 Minimum Debt Service is deemed amended to add to the existing grid the following: 

	12/31/02 and thereafter, quarterly	 	1.5:1.0

The
Borrower and Lender acknowledge and agree that the foregoing covenant shall be calculated exclusive of the Impairment Charge for the fiscal quarter in which the Borrower recognized the Impairment
Charge. 

	8.
	Section
9.1 No Material Adverse Change is deemed amended to delete the reference to the years "1999" and "1998" and substitute therefor the years "2002"
and "2001" respectively.

	9.
	Subsection
(b) of Section 17 Notices, Etc. is deemed to delete the reference to "One Federal Street, Boston, Massachusetts 02210,
Attention: Mr. A. Keith Boyles, Vice President and Manager (Telecopier: 617-350-7677)" and substitute therefor "55 East 70th Street, New York, N.Y. 10022,
Attention: T.C. Wilde, Assistant Vice President (Telecopier: 646-487-0324)."

	10.
	Conditions
to Effectiveness. This Amendment shall not be effective until each of the following conditions precedent have been fulfilled to the
satisfaction of the Lender:

	(a)
	This
Amendment shall have been duly executed and delivered by the respective parties hereto and, shall be in full force and effect and shall be in form and substance satisfactory to
the Lender.

	(b)
	All
action on the part of the Borrower necessary for the valid execution, delivery and performance by the Borrower of this Amendment shall have been duly and effectively taken and
evidence thereof satisfactory to the Lender shall have been provided to the Lender. The Lender shall have received from the Borrower true copies of the resolutions adopted by its board of directors
authorizing the transactions described herein, certified by the Borrower's secretary to be true and complete.

	(c)
	The
Borrower shall have paid an amendment fee to the Lender in the amount of Ten Thousand Three Hundred Eighty Four and 35/100 Dollars ($10,384.35). 

	(d)
	The
Borrower shall have paid to the Lender all fees and expenses then due and owing pursuant to the Agreement, including, without limitation, the Lenders' attorneys' fees and
expenses.

	(e)
	No
Default or Event of Default shall have occurred and be continuing.

	(f)
	The
Borrower shall have provided such additional instruments and documents to the Lender as the Lender and the Lender's counsel may have reasonably requested. 

	11.
	Ratification
of Loan Documents. Except as provided herein, all terms and conditions of the Loan Agreement and the other Loan Documents remain in full
force and effect. The Borrower hereby ratifies, confirms, and reaffirms all representations, warranties, and covenants contained therein and acknowledges and agrees that the Liabilities, are and
continue to be secured by the Collateral. The Borrower further acknowledges and agrees that Borrower does not have any offsets, defenses, or counterclaims against the Lender thereunder, and to the
extent that any such offsets, defenses, or counterclaims may exist, the Borrower hereby waives and releases the Lender therefrom.

	12.
	Miscellaneous.

	(a)
	This
Amendment may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which
together shall constitute on instrument.

	(b)
	This
Amendment expresses the entire understanding of the parties with respect to the transactions comtemplated hereby. No prior negotiations or discussions shall limit, modify, or
otherwise affect the provisions hereof. 

IN
WITNESS WHEREOF, the undersigned have hereunto executed this Amendment as a sealed instrument as of the date first above written. 

	 	 	MFIC CORPORATION
	

 	
 	
By:	

/s/  IRIWIN J. GRUVERMAN      
 Iriwin J. Gruverman
 CEO
	

 	
 	
PNC BANK, NATIONAL ASSOCIATION
	

 	
 	
By:	

/s/  TARA-CLARK WILDE      
 Tara-Clark Wilde
 AVP

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Exhibit 10.54

THIRD AMENDMENT TO REVOLVING CREDIT AND TERM LOAN AGREEMENT

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