Document:

Exhibit 10.1

 

Agreement to render independent board member services between

 

Mortlock Securities Ltd, represented by Mr. M. Simmonds, a private
company with limited liability incorporated under the laws of the United Kingdom and with a registered address 87a High Street,
the old town Hemel Hempstead Herts, 13 AH, herein after referred to as (MSLtd)

 

and

 

(Natur International Corp., a public company incorporated under
the laws of the State of Wyoming, USA and with a registered address at (Jachthavenweg 124, 1081 JK Amsterdam, the Netherlands,
herein after referred to as (NIC).

 

1. CONSIDERATION.

 

The board of NIC has approved a resolution appointing Mr. M.
Simmonds as independent director and board member of NIC. This decision is reflected in the board resolution dated July 8, 2019.

 

MSLtd is willing to offer the services of Mr. Simmonds as independent
board member. These services are described in article 2 of this Agreement. The Parties explicitly do not intend to conclude an
employment agreement between NIC and Mr. Simmonds. Mr. Simmonds is free to independently decide in what way he wishes to carry
out the responsibilities connected to his independent board-membership.

 

This Agreement is entered into for a period of 4 years with
the option for a re-assignment as independent board member for another 4 years and shall be effective as of August 15, 2019. The
terms and conditions shall remain in full force and effect until terminated earlier in accordance with the provisions of this Agreement
(hereinafter the "Term").

 

This agreement will stipulate the terms, arrangements and conditions
for (NIC) as well as for MSLtd to which both parties have agreed to adhere to.

 

2. RESPONSIBILITIES

 

a) Mr.
Simmonds shall provide advice in his role as independent board member (hereinafter the "Services") to NIC regarding the
Business;

 

b) Independent
board member’s primary role is to make the decisions according to the mandate given by the Bylaws of the company and to act
as a check and balance on the acts of management. An independent board member is familiar with the fundamentals of the company’s
business and be informed about the company’s activities, all with a view to safeguarding the assets of the company and protecting
the interests of all shareholders as a whole and discharging their duties with reasonable diligence. Independent directors play
an active role in various committees as set up by the company to ensure good governance;

 

c) As
a member of the Board, Mr. Simmonds is co-responsible for the appointment and dismissal of the CEO and CFO of NIC.

 

    

     

    

 

d) Mr.
Simmonds accepts the afore-mentioned assignment and therewith accepts full responsibility for correctly carrying out the agreed
assignment as independent board member.

 

e) Mr.
Simmonds will organize his activities independently.

 

3. THIRD PARTIES

 

Mr. Simmonds can provide services to third
parties as long as this is not contrary to the provisions of this Agreement, including the non-competition clause, IP clause and
confidentiality clause.

 

4. COMPENSATION

 

a) During
the Term of this Agreement, NIC will pay MSLtd as compensation for the independent board membership rendered by Mr. Simmonds to
NIC a fee, excluding VAT (the "Fee"):

 

a) A
base fee of EUR 2.000 per month.

 

b) For
every day worked during a month, including the preparation for and physical attendance - or by means of approved telecommunications
- of official board meetings and other tasks and activities asked for by the company, NIC will pay a fee of €1.000 per day
up to a maximum of €15.000 in any single month, including the base fee compensation for the board membership. It is explicitly
agreed that services as committee member or other additional projects or services are included in this fee arrangement.

 

c) The
Fee payable and (if applicable) the expenses incurred by Mr. Simmonds in relation to the assignment performed, will be paid to
MSLtd in arrears on the 10th day after the month ended (the "Payment Date"), unless such date is not a business date
(in which case the Payment Date will be the next business day).

 

d) NIC
shall reimburse MSLtd for reasonable costs incurred by Mr. Simmonds in connection with the provision of the assignment (such costs
are referred to as the "Expenses"). All Expenses have to be pre-approved by a representative of the executive board.

 

e) No
later than 1 week prior to each Payment Date, MSLtd will provide NIC with an invoice setting forth the Fee payable and (if applicable)
expenses incurred by Mr. Simmonds in relation to the assignment performed during the respective month (the “Invoice”).
If expenses are incurred by Mr. Simmonds, these have to be specified reagrding the nature and amount of the expenses incurred and
provide supporting documents per expense together with the Invoice.

 

f) NIC
will grant MSLtd the right, which right MSLtd may accept at its sole discretion, to acquire a number of shares equal to approximately
1 percent of shares in the issued and outstanding capital of NIC, each with a nominal value of $.038 (together the Shares), subject
to (i) the terms and conditions of a separate Agreement to be entered into between NIC and MSLtd and (ii) the requirements resulting
from the Articles of Association of NIC and the shareholders agreement in relation to NIC. (a copy of both documents has been provided
to MSLtd (the Shares Right).

 

g) In
the event Mr. Simmonds is structurally not available to NIC for a period longer than 2 months, irrespective of the reasons thereof,
parties will mutually decide to suspend payment of the base fee and the executive board has the right to terminate the agreement.

 

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h) (NIC)
will provide Mr. Simmonds with a proper and market conforming D&O Insurance with a minimum coverage of $ 1 million per event.
This amount will be adjusted from time to time to follow the growth and increasing complexity of the company and is intended to
increase to $5 million per event by January 1, 2020. NIC will safeguard and fully indemnify Mr. Simmonds and/or MSLtd against any
claim form third parties coming forth from actions by the company or decisions taken by the Board, except for gross negligence
at the side of Mr. Simmonds and/or MSLtd.

 

5. SEPARATE AGREEMENT.

 

a) If
MSLtd accepts the options grant, a separate agreement will be composed to further detail the Shares Right upon the discussion with
the corporate tax advisors of NIC. This agreement will include the above (paragraph 4.2.1) and the following principles:

 

i) The
share price is based on the last funding that took place prior to signing this agreement;

 

ii) The
total allocation is 1 percent of the outstanding shares prior the merger with Share.

 

iii) The
Shares Right will be vested over a period of three years, unless a change of control (sale of 90% of the entire issued and outstanding
shares in the capital of NIC to any third party appears prior to this date. In that case the Shares Right will be vested immediately
for MSLtd to participate in this sale;

 

iv) The
Shares Right shall vest in quarterly installments on the first calendar day of each quarter following the start date of this agreement,
but to a maximum of 1/3 per calendar year until such Shares have become vested in full;

 

v) The
Shares Right will be terminated entirely, and already vested shares have to be transferred back to NIC in case this Agreement will
be terminated on the basis of a termination as stipulated in article 9.ii of this Agreement.

 

vi) In
all other instances of termination of the Agreement, the already vested shares will be transferred to MSLtd with a lock-up until
the end of the three years period.

 

b) The
Shares Right is subject to the adherence by MSLtd to the Shareholders Agreement of NIC and the terms and conditions thereof (as
amended and restated from time to time), including the transfer restrictions, automatic dilution, the Tag-Along Right and Drag-Along
Right and USA SEC listing requirements.

 

c) MSLtd
agrees that it will not directly or indirectly, sell, hypothecate, pledge or otherwise encumber or dispose of, by operation of
law or otherwise (collectively Transfer) any Shares Right or Shares to be acquired as a result of the exercise of the Shares Right
to any (third) party other than with the written approval of the Board of NIC and unless requested by a majority of the board.

 

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6. INTELLECTUAL PROPERTY 

 

a) Mr.
Simmonds acknowledges and agrees that all intellectual property rights and know- how created or developed by Mr. Simmonds as independent
board member during the Term of this Agreement rests solely and exclusively with NIC or any affiliated company and will not become
part of any co-ownership arrangement.

 

b) Notwithstanding
the other provisions of this Agreement, the Parties agree that the provisions of this clause shall survive the termination of this
Agreement for a period on one year.

 

7. NON-COMPETITION

 

a)
For a period of one year after termination of this Agreement, Mr. Simmonds is not allowed, without the prior written approval of
NIC to set up, carry on, alone or with others, or cause to carry on, either directly or indirectly, a business that is equal, similar
or related to or in competition with the Business of NIC or any affiliated company in the Netherlands, the UK, or any other country
in which NIC operates, or to have a beneficial interest (> 5%) in such a business or to work for such a business in any way,
whether or not for payment.

 

b) Furthermore,
for one year after termination of this Agreement, Mr. Simmonds is not allowed, without the written approval of NIC, to work in
any way for, approach or maintain business relationships with business relations of NIC and/or any affiliated company, including
but not limited to any service provider, agent, distributor, customer or supplier of NIC in the Business, unless the business relation
was a contact of Mr. Simmonds prior to this Assignment with NIC. The above is irrespective of who first contacted whom.

 

8. TERMINATION

 

a) Both
parties can terminate the offering of the assignment as independent board member by written notice, considering a notice period
of three (3) months. The resignation of Mr. Simmonds as independent director also leads to the termination of this agreement.

 

b) The
termination of this Agreement shall take effect three (3) months after the date on which the Board of NIC has adapted the resolution
following the decision in writing to terminate the contract.

 

c) Notwithstanding
the provisions of clause 8.a en 8.b, a Party may terminate this Agreement with immediate effect by giving a written notice to the
other Party upon the occurrence of any of the following events:

 

i bankruptcy,
suspension of payments, dissolution, settlement with creditors, legal merger or demerger of the other Party; or

 

ii a
serious infringement or breach by the other Party of any of its obligations under this Agreement, which has not been remedied within
14 (fourteen) days as of the date on which the terminating Party has given to the other Party a written notice of such infringement
or breach.

 

iii in
the event that NIC and MSLtd decide to enter into a shareholder’s agreement, NIC may terminate this Agreement with immediate
effect by giving a written notice to MSLtd.

 

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9.  CONFIDENTIALITY

 

a. Confidential
Information;

 

For the purpose of this Agreement "Confidential Information"
means all information relating to NIC or any of its affiliates (including, but not limited to, any part of its business, operations,
administration, processes, product information, financial affairs, trade secrets, and know how), existing clients and prospective
clients and investors. For the avoidance of doubt, it is noted that Confidential Information includes all matters concerning the
Storms- Vleeschdrager family and their Family Office (STB Family Office Services B.V.).

 

b) Confidentiality
undertaking;

 

Mr. Simmonds will undertake:

 

 i. the utmost care to keep all Confidential Information securely and in confidence and not to disclose such information to anyone, save to the extent permitted pursuant to the provisions of this Agreement;

     

 ii. to ensure that all Confidential Information is protected with security measures and a degree of care that would apply to its own confidential information (which shall be no less than reasonable care and discretion); and

 

 iii. not to use the Confidential Information otherwise than for the purposes of or as envisaged by this Agreement and shall not disclose it to any Person, other than as permitted under this Article.

 

c) Exceptions;

 

These confidentiality terms shall not apply to the disclosure
of Confidential Information if and to the extent:

 

 i. the disclosure is required by applicable law;

 

 ii. the disclosure is required by the rules of any securities exchange on which securities of the Receiving party or any related party thereof are, or are to be, listed;

 

 iii. the disclosure is required by any court of competent jurisdiction or any competent judicial, governmental, supervisory or regulatory body; or

 

 iv. that such information is in the public domain other than through breach of this Agreement;

 

d) Disclose
confidential information;

 

Mr. Simmonds may disclose certain Confidential Information on
a confidential basis to a third party in connection with the Services it is performing on behalf of NIC after written approval
of NIC, provided that Mr. Simmonds makes each such recipient aware of the obligations of confidentiality assumed by it under this
Agreement and provided that it uses all reasonable endeavors to ensure that such recipient complies with those obligations as if
it were a party to this Agreement.

 

e) Return
information and documents

 

Upon termination of this Agreement, BW shall immediately return
to NIC any documents, correspondence or other information carriers or copies of any such items belonging to NIC or any other member
of the group, which are in the possession of Mr. Simmonds at the time of termination.

 

f) Survive
termination;

 

Notwithstanding the other provisions of this Agreement, the
Parties agree that the provisions of this clause shall survive the termination of this Agreement.

 

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10. MISCELLANEOUS

 

a) Assignment

 

MSLtd may not assign its rights and/or obligations under this
Agreement without the prior written consent of NIC.

 

NIC may, at any time and sole discretion, transfer its rights
and obligations under this Agreements to any of its affiliates or direct or indirect investors without the prior written consent
of MSLtd, provided that (i) such affiliate agrees to comply with all applicable provisions of this Agreement and (ii) MSLtd is
given written notice of such assignment by NIC.

 

b) Previous
arrangements

 

(NIC) and MSLtd agree that the terms and conditions of this
Agreement shall replace all previous arrangements, promises and agreements, whether oral or in writing, between NIC and Mr. Simmonds
in respect to his independent board member position.

 

c) Amendment

 

This Agreement shall not be amended unless in writing signed
by both Parties.

 

d) Partial
invalidity

 

Should any of the provisions of this Agreement be held to be
invalid, void or unenforceable, the remaining provisions shall nevertheless remain in full force and effect.

 

e) Counterparts

 

This Agreement may be executed in two or more counterparts,
all of which when so executed shall be deemed to be an original and all of which taken together shall constitute to be one and
the same Agreement binding on both Parties.

 

f) Electronic
signatures

 

Electronic signatures shall have the same legal effect as original
signatures.

 

g) Governing
Law and Jurisdiction

 

This Agreement shall be governed by the laws of the state of
New York, USA.

 

h) Any
dispute arising under this Agreement or from further Agreements, arrangements or undertakings resulting from this Agreement shall
be submitted to the competent court in New York, USA, to the exclusion of any other court.

 

SIGNATURE PAGE TO FOLLOW.

 

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IN WITNESS WHEREOF the parties hereto
have executed this Agreement in duplicate on ________ in _________________

 

	Natur International Corp.	 
	Represented by Mr. Paul Bartley, CEO	 
	 	 
		 
	 	 
	Date: _____________________2019	 
	 	 
	Mortlock Securities Ltd	 
	Represented by Mr. M. Simmonds	 
	 	 
		 
	 	 
	Date: _____________________2019	 

 

 

7WELLS 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. 95001HA84	FACE AMOUNT:  $_______________
	REGISTERED NO. _____	 

 

 

WELLS FARGO FINANCE LLC

 

MEDIUM-TERM NOTE, SERIES A

Fully and Unconditionally Guaranteed by Wells
Fargo & Company

 

Principal at Risk Securities Linked to the
Lowest Performing of the SPDR® S&P®

Oil & Gas Exploration & Production
ETF, the SPDR® S&P®
Retail ETF

and the SPDR®
S&P® Biotech ETF due September 10, 2020

 

WELLS FARGO FINANCE
LLC, a limited liability company duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company,”
which term includes any successor corporation under and as defined in the Indenture hereinafter referred to), for value received,
hereby promises to pay to CEDE & Co., or registered assigns, an amount equal to the Maturity Payment Amount (as defined
below), in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public
and private debts, on the Stated Maturity Date. The “Initial Stated Maturity Date” shall be September 10,
2020. If the Calculation Day (as defined below) is not postponed, the Initial Stated Maturity Date will be the “Stated
Maturity Date.” If the Calculation Day is postponed, the “Stated Maturity Date” shall be the later
of (i) the Initial Stated Maturity Date and (ii) three Business Days (as defined below) after the last Calculation Day
as postponed. This Security shall not bear any interest.

Any payments on
this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained
for that purpose in the City of Minneapolis, Minnesota and at any other office or agency maintained by the Company for such purpose.

“Face Amount”
shall mean, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

    	 	 	 

    	 

    

Determination of Maturity Payment
Amount

The “Maturity
Payment Amount” of this Security will equal:

 

		•	if the Ending Price of the Lowest Performing Fund is greater than or equal to its Threshold Price: the Face Amount plus
the Contingent Fixed Return; or

		•	if the Ending Price of the Lowest Performing Fund is less than its Threshold Price: the Face Amount plus:

(Face Amount x Fund Performance of Lowest Performing
Fund)

 

All calculations with respect to the Maturity
Payment Amount will be rounded to the nearest one hundred-thousandth, with five one-millionths rounded upward (e.g., 0.000005 would
be rounded to 0.00001); and the Maturity Payment Amount will be rounded to the nearest cent, with one-half cent rounded upward.

 

“Fund”
shall mean each of the SPDR S&P Oil & Gas Exploration & Production ETF, the SPDR S&P Retail ETF and the SPDR
S&P Biotech ETF.

 

The “Pricing Date”
shall mean August 28, 2019.

 

The “Starting
Price” with respect to the SPDR S&P Oil & Gas Exploration & Production ETF is $21.25, its Fund Closing
Price on the Pricing Date, with respect to the SPDR S&P Retail ETF is $39.55, its Fund Closing Price on the Pricing Date, and
with respect to the SPDR S&P Biotech ETF is $80.06, its Fund Closing Price on the Pricing Date.

 

The “Lowest Performing
Fund” will be the Fund with the lowest Fund Performance as measured from its Starting Price to its Ending Price.

 

The “Fund Performance”
with respect to a Fund is the percentage change from its Starting Price to its Ending Price, measured as follows:

 

Ending Price – Starting Price

Starting Price

The “Fund Closing
Price” with respect to a Fund on any Trading Day means the product of (i) the Closing Price of one share of such Fund
(or one unit of any other security for which a Fund Closing Price must be determined) on such Trading Day and (ii) the Adjustment
Factor applicable to such Fund on such Trading Day.

 

The “Closing Price”
for one share of a Fund (or one unit of any other security for which a Closing Price must be determined) on any Trading Day means
the official closing price on such day published by the principal United States securities exchange registered under the Securities
Exchange Act of 1934, as amended, on which such Fund (or any such other security) is listed or admitted to trading.

 

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The “Adjustment
Factor” means, with respect to a share of a Fund (or one unit of any other security for which a Fund Closing Price must
be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of such Fund. See “Anti-dilution
Adjustments Relating To A Fund; Alternate Calculation” below”.

 

The “Ending Price”
of a Fund will be its Fund Closing Price on the Calculation Day.

 

The “Threshold
Price” with respect to the SPDR S&P Oil & Gas Exploration & Production ETF is $12.75, which is equal
to 60% of its Starting Price, with respect to the SPDR S&P Retail ETF is $23.73, which is equal to 60% of its Starting Price,
and with respect to the SPDR S&P Biotech ETF is $48.036, which is equal to 60% of its Starting Price.

 

The “Contingent
Fixed Return” is 12.70% of the Face Amount of this Security.

 

“Underlying Index”
shall mean each of the S&P Oil & Gas Exploration & Production Select Industry Index, the S&P Retail Select
Industry Index and the S&P Biotechnology Select Industry Index.

 

“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.

 

A “Trading
Day” with respect to a Fund means a day, as determined by the Calculation Agent, on which the Relevant Stock Exchange
and each Related Futures or Options Exchange with respect to such Fund or any successor thereto, if applicable, are scheduled to
be open for trading for their respective regular trading sessions.

The “Relevant
Stock Exchange” for a Fund means the primary exchange or quotation system on which shares (or other applicable securities)
of such Fund are traded, as determined by the Calculation Agent.

The “Related
Futures or Options Exchange” for a Fund means each exchange or quotation system where trading has a material effect (as
determined by the Calculation Agent) on the overall market for futures or options contracts relating to such Fund.

The “Calculation
Day” shall be September 4, 2020. If such day is not a Trading Day with respect to any Fund, the Calculation Day
for each Fund will be postponed to the next succeeding day that is a Trading Day with respect to each Fund. The Calculation Day
for a Fund is also subject to postponement due to the occurrence of a Market Disruption Event (as defined below) with respect to
such Fund. If a Market Disruption Event occurs or is continuing with respect to a Fund on the Calculation Day, then the Calculation
Day for such Fund will be postponed to the first succeeding Trading Day for such Fund on which a Market Disruption Event for such
Fund has not occurred and is not continuing; however, if such first succeeding Trading Day has not occurred as of the eighth Trading
Day for such Fund after the originally scheduled Calculation Day, that eighth Trading Day shall be deemed to be the Calculation
Day for such Fund. If the Calculation Day has been postponed eight Trading Days for a Fund after the originally scheduled Calculation
Day and a Market Disruption Event occurs or is continuing

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with respect to such Fund on such eighth Trading
Day, the Calculation Agent will determine the Closing Price of such Fund on such eighth Trading Day based on its good faith estimate
of the value of the shares (or other applicable securities) of such Fund as of the close of trading on such eighth Trading Day.
Notwithstanding the postponement of the Calculation Day for a Fund due to a Market Disruption Event with respect to such Fund on
the Calculation Day, the originally scheduled Calculation Day will remain the Calculation Day for any Fund not affected by a Market
Disruption Event on such day. See “—Market Disruption Events.”

 

“Calculation Agent
Agreement” shall mean the Calculation Agent Agreement dated as of May 18, 2018 between the Company and the Calculation
Agent, as amended from time to time.

 

“Calculation Agent”
shall mean the Person that has entered into the Calculation Agent Agreement with the Company providing for, among other things,
the determination of the Ending Price and the Maturity Payment Amount, which term shall, unless the context otherwise requires,
include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC.
Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after the
initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security.

 

Market Disruption Events 

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

 

		(A)	The occurrence or existence of a material suspension of or limitation imposed on trading by the
Relevant Stock Exchange or otherwise relating to the shares (or other applicable securities) of such Fund or any Successor Fund
(as defined below) on the Relevant Stock Exchange at any time during the one-hour period that ends at the Close of Trading on such
day, whether by reason of movements in price exceeding limits permitted by such Relevant Stock Exchange or otherwise.

		(B)	The occurrence or existence of a material suspension of or limitation imposed on trading by any
Related Futures or Options Exchange or otherwise in futures or options contracts relating to the shares (or other applicable securities)
of such Fund or any Successor Fund on any Related Futures or Options Exchange at any time during the one-hour period that ends
at the Close of Trading on that day, whether by reason of movements in price exceeding limits permitted by the Related Futures
or Options Exchange or otherwise.

		(C)	The occurrence or existence of any event, other than an early closure, that materially disrupts
or impairs the ability of market participants in general to effect transactions in, or obtain market values for, shares (or other
applicable securities) of such Fund or any Successor Fund on the Relevant Stock Exchange at any time during the one-hour period
that ends at the Close of Trading on that day.

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		(D)	The occurrence or existence of any event, other than an early closure, that materially disrupts
or impairs the ability of market participants in general to effect transactions in, or obtain market values for, futures or options
contracts relating to shares (or other applicable securities) of such Fund or any Successor Fund on any Related Futures or Options
Exchange at any time during the one-hour period that ends at the Close of Trading on that day.

		(E)	The closure of the Relevant Stock Exchange or any Related Futures or Options Exchange with respect
to such Fund or any Successor Fund prior to its Scheduled Closing Time unless the earlier closing time is announced by the Relevant
Stock Exchange or Related Futures or Options Exchange, as applicable, at least one hour prior to the earlier of (1) the actual
closing time for the regular trading session on such Relevant Stock Exchange or Related Futures or Options Exchange, as applicable,
and (2) the submission deadline for orders to be entered into the Relevant Stock Exchange or Related Futures or Options Exchange,
as applicable, system for execution at the Close of Trading on that day.

		(F)	The Relevant Stock Exchange or any Related Futures or Options Exchange with respect to such Fund
or any Successor Fund fails to open for trading during its regular trading session.

For purposes of
determining whether a Market Disruption Event has occurred with respect to a Fund:

		(1)	“Close of Trading” means the Scheduled Closing Time of the Relevant Stock Exchange
with respect to such Fund or any Successor Fund; and

		(2)	the “Scheduled Closing Time” of the Relevant Stock Exchange or any Related Futures
or Options Exchange on any Trading Day for such Fund or any Successor Fund means the scheduled weekday closing time of such Relevant
Stock Exchange or Related Futures or Options Exchange on such Trading Day, without regard to after hours or any other trading outside
the regular trading session hours.

Anti-dilution Adjustments Relating To
A Fund; Alternate Calculation

 

Anti-dilution Adjustments 

 

The Calculation Agent will
adjust the Adjustment Factor with respect to a Fund as specified below if any of the events specified below occurs with respect
to such Fund and the effective date or ex-dividend date, as applicable, for such event is after the Pricing Date and on or prior
to the Calculation Day for such Fund.

 

The adjustments specified
below do not cover all events that could affect a Fund. The Calculation Agent may, in its sole discretion, make additional adjustments
to any terms of this Security upon the occurrence of other events that affect or could potentially affect the market price of,
or shareholder rights in, such Fund, with a view to offsetting, to the extent practical, any

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such change, and preserving the relative investment
risks of this Security. In addition, the Calculation Agent may, in its sole discretion, make adjustments or a series of adjustments
that differ from those described herein if the Calculation Agent determines that such adjustments do not properly reflect the economic
consequences of the events specified herein or would not preserve the relative investment risks of this Security. All determinations
made by the Calculation Agent in making any adjustments to the terms of this Security, including adjustments that are in addition
to, or that differ from, those described herein, will be made in good faith and a commercially reasonable manner, with the aim
of ensuring an equitable result. In determining whether to make any adjustment to the terms of this Security, the Calculation Agent
may consider any adjustment made by the Options Clearing Corporation or any other equity derivatives clearing organization on options
contracts on the affected Fund.

 

For any event described
below, the Calculation Agent will not be required to adjust the Adjustment Factor for a Fund unless the adjustment would result
in a change to such Adjustment Factor then in effect of at least 0.10%. The Adjustment Factor resulting from any adjustment will
be rounded up or down, as appropriate, to the nearest one-hundred thousandth.

		(A)	Stock Splits and Reverse Stock Splits

If a stock split or reverse stock
split has occurred with respect to a Fund, then once such split has become effective, the Adjustment Factor for such Fund will
be adjusted to equal the product of the prior Adjustment Factor for such Fund and the number of securities which a holder of one
share (or other applicable security) of such Fund before the effective date of such stock split or reverse stock split would have
owned or been entitled to receive immediately following the applicable effective date.

		(B)	Stock Dividends

If a dividend or distribution
of shares (or other applicable securities) of a Fund has been made by such Fund ratably to all holders of record of such shares
(or other applicable security), then the Adjustment Factor for such Fund will be adjusted on the ex-dividend date to equal the
prior Adjustment Factor for such Fund plus the product of the prior Adjustment Factor for such Fund and the number of shares (or
other applicable security) of such Fund which a holder of one share (or other applicable security) of such Fund before the ex-dividend
date would have owned or been entitled to receive immediately following that date; provided, however, that no adjustment will be
made for a distribution for which the number of securities of such Fund paid or distributed is based on a fixed cash equivalent
value.

		(C)	Extraordinary Dividends

If an Extraordinary Dividend
(as defined below) has occurred with respect to a Fund, then the Adjustment Factor for such Fund will be adjusted on the ex-dividend
date to equal the product of the prior Adjustment Factor for such Fund and a fraction, the numerator of which is the Closing Price
per share (or other

    	 	6	 

    	 

    

applicable security) of such
Fund on the Trading Day preceding the ex-dividend date, and the denominator of which is the amount by which the Closing Price per
share (or other applicable security) of such Fund on the Trading Day preceding the ex-dividend date exceeds the Extraordinary Dividend
Amount (as defined below).

For purposes of determining
whether an Extraordinary Dividend has occurred:

		(1)	“Extraordinary Dividend” means any cash dividend or distribution (or portion
thereof) that the Calculation Agent determines, in its sole discretion, is extraordinary or special; and

		(2)	“Extraordinary Dividend Amount” with respect to an Extraordinary Dividend for
the securities of a Fund will equal the amount per share (or other applicable security) of such Fund of the applicable cash dividend
or distribution that is attributable to the Extraordinary Dividend, as determined by the Calculation Agent in its sole discretion.

A distribution on the securities
of a Fund described below under the section entitled “—Reorganization Events” below that also constitutes an
Extraordinary Dividend will only cause an adjustment pursuant to that “—Reorganization Events” section.

		(D)	Other Distributions

If a Fund declares
or makes a distribution to all holders of the shares (or other applicable security) of such Fund of any non-cash assets, excluding
dividends or distributions described under the section entitled “—Stock Dividends” above, then the Calculation
Agent may, in its sole discretion, make such adjustment (if any) to the Adjustment Factor as it deems appropriate in the circumstances.
If the Calculation Agent determines to make an adjustment pursuant to this paragraph, it will do so with a view to offsetting,
to the extent practical, any change in the economic position of a holder of this Security that results solely from the applicable
event.

		(E)	Reorganization Events

If a Fund, or any Successor Fund,
is subject to a merger, combination, consolidation or statutory exchange of securities with another exchange traded fund, and such
Fund is not the surviving entity (a “Reorganization Event”), then, on or after the date of such event, the Calculation
Agent shall, in its sole discretion, make an adjustment to the Adjustment Factor for such Fund or the method of determining the
Maturity Payment Amount or any other terms of this Security as the Calculation Agent determines appropriate to account for the
economic effect on this Security of such event, and determine the effective date of that adjustment. If the Calculation Agent determines
that no adjustment that it

    	 	7	 

    	 

    

could make will produce a commercially
reasonable result, then the Calculation Agent may deem such event a Liquidation Event (as defined below).

Liquidation Events

If a Fund is de-listed,
liquidated or otherwise terminated (a “Liquidation Event”), and a successor or substitute exchange traded fund
exists that the Calculation Agent determines, in its sole discretion, to be comparable to such Fund, then, upon the Calculation
Agent’s notification of that determination to the Trustee and the Company, any subsequent Fund Closing Price for such Fund
will be determined by reference to the Fund Closing Price of such successor or substitute exchange traded fund (such exchange traded
fund being referred to herein as a “Successor Fund”), with such adjustments as the Calculation Agent determines
are appropriate to account for the economic effect of such substitution on the holder of this Security.

If a Fund undergoes
a Liquidation Event prior to, and such Liquidation Event is continuing on, the date that any Fund Closing Price of such Fund is
to be determined and the Calculation Agent determines that no Successor Fund is available at such time, then the Calculation Agent
will, in its discretion, calculate the Fund Closing Price for such Fund on such date by a computation methodology that the Calculation
Agent determines will as closely as reasonably possible replicate such Fund, provided that if the Calculation Agent determines
in its discretion that it is not practicable to replicate such Fund (including but not limited to the instance in which the sponsor
of the relevant Underlying Index discontinues publication of that Underlying Index), then the Calculation Agent will calculate
the Fund Closing Price for such Fund in accordance with the formula last used to calculate such Fund Closing Price before such
Liquidation Event, but using only those securities that were held by such Fund immediately prior to such Liquidation Event without
any rebalancing or substitution of such securities following such Liquidation Event.

If a Successor Fund
is selected or the Calculation Agent calculates the Fund Closing Price as a substitute for a Fund, such Successor Fund or Fund
Closing Price will be used as a substitute for such Fund for all purposes, including for purposes of determining whether a Market
Disruption Event exists with respect to such Fund.

If any event is
both a Reorganization Event and a Liquidation Event, such event will be treated as a Reorganization Event for purposes of this
Security unless the Calculation Agent makes the determination referenced in the last sentence of the section entitled “—Anti-dilution
Adjustments—Reorganization Events” above.

Alternate Calculation

If at any time the
method of calculating a Fund or a Successor Fund, or the related Underlying Index, is changed in a material respect, or if a Fund
or a Successor Fund is in any other way modified so that such Fund does not, in the opinion of the Calculation Agent, fairly represent
the price of the securities of such Fund or such Successor Fund had such changes or modifications not been made, then the Calculation
Agent may, at the close of business in New York City on the date that any Fund Closing Price is to be determined, make such calculations
and adjustments as, in the good faith judgment of the Calculation Agent, may be necessary in

    	 	8	 

    	 

    

order to arrive at a Closing Price of
an exchange traded fund comparable to such Fund or such Successor Fund, as the case may be, as if such changes or modifications
had not been made, and calculate the Fund Closing Price of such Fund and the Maturity Payment Amount with reference to such adjusted
Closing Price of such Fund or such Successor Fund, as applicable.

Calculation Agent

The Calculation
Agent will determine the Maturity Payment Amount. In addition, the Calculation Agent will (i) determine the Closing Prices of the
Funds under certain circumstances, (ii) determine if adjustments are required to the Closing Prices of the Funds under the circumstances
described in this Security, (iii) determine whether a Market Disruption Event or non-Trading Day has occurred, and (iv) if
a Fund undergoes a Liquidation Event, select a Successor Fund or, if no Successor Fund is available, determine the Fund Closing
Price of such Fund.

The Company covenants
that, so long as this Security is Outstanding, there shall at all times be a Calculation Agent (which shall be a broker-dealer,
bank or other financial institution) with respect to this Security.

All determinations
made by the Calculation Agent with respect to this Security will be at the sole discretion of the Calculation Agent and, in the
absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security.

Tax Considerations

The
Company agrees, and by acceptance of a beneficial ownership interest in this Security each Holder of this Security will be deemed
to have agreed (in the absence of a statutory, regulatory, administrative or judicial ruling to the contrary), for United States
federal income tax purposes to characterize and treat this Security as a prepaid derivative contract that is an “open transaction.”

Redemption and Repayment

This Security is
not subject to redemption at the option of the Company or repayment at the option of the Holder hereof prior to September 10,
2020. This Security is not entitled to any sinking fund.

Acceleration

If an Event of Default,
as defined in the Indenture, with respect to this Security shall occur and be continuing, the Maturity Payment Amount (calculated
as set forth in the next sentence) of this Security may be declared due and payable in the manner and with the effect provided
in the Indenture. The amount payable to the Holder hereof upon any acceleration
permitted under the Indenture will be equal to the Maturity Payment Amount hereof calculated as provided herein as though the date
of acceleration was the Calculation Day. 

__________________

    	 	9	 

    	 

    

Reference is hereby
made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

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

 

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

    	 	10	 

    	 

    

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

 

DATED:  __________________

 

	
 

	
WELLS FARGO FINANCE LLC

	
 

	
 

	
 

	
 

	
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

	
 

 

    	 	11	 

    	 

    

[Reverse of Note]

 

 

WELLS FARGO FINANCE LLC

 

MEDIUM-TERM NOTE, SERIES A

Fully and Unconditionally Guaranteed by Wells
Fargo & Company

 

Principal at Risk Securities Linked to the
Lowest Performing of the SPDR® S&P®

Oil & Gas Exploration & Production
ETF, the SPDR® S&P®
Retail ETF

and the SPDR®
S&P® Biotech ETF due September 10, 2020

 

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 April 25, 2018, as amended or supplemented from time to time
(herein called the “Indenture”), among the Company, as issuer, Wells Fargo & Company, as guarantor
(the “Guarantor”) 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 Guarantor,
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 A, of the Company.
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. 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.

Guarantee 

The Securities of
this series are fully and unconditionally guaranteed by the Guarantor as and to the extent set forth in the Indenture.

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 Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time
by the

    	 	12	 

    	 

    

Company, the Guarantor 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 or the Guarantor with
those provisions of the Indenture. Certain past defaults under the Indenture and their consequences may be waived under the Indenture
by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders
of all Securities of such series. Solely for the purpose of determining
whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture
has been given or taken by the Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount
of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Face Amount” hereof.
Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future
Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon this Security.

Defeasance

Section 403
and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating
to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon
compliance by the Company or the Guarantor with certain conditions set forth therein, shall not apply to this Security. The remaining
provisions of Section 401 of the Indenture shall apply to this Security.

Authorized Denominations

This Security is
issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which is an integral
multiple of $1,000.

Registration of Transfer

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

This Security is
exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that it is unwilling
or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered
under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days after the
Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that
this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z) an Event
of Default with respect

    	 	13	 

    	 

    

to the Securities represented hereby
has occurred and is continuing. If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for
definitive Securities in registered form, having the same date of issuance, Stated Maturity Date and other terms and of authorized
denominations aggregating a like amount.

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 Guarantor, the Trustee and any agent of the Company, the Guarantor
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 Guarantor, 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 Maturity Payment Amount at the times, place and rate, and in the coin or currency, herein
prescribed, except as otherwise provided in this Security.

No Personal Recourse

No recourse shall
be had for the payment of the Maturity Payment Amount, or for any claim based hereon, or otherwise in respect hereof, or based
on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director,
as such, past, present or future, of the Company or any successor corporation or of the Guarantor 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.

    	 	14	 

    	 

    

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)

 

 

 

    	 	15	 

    	 

    

the within Security of WELLS FARGO FINANCE
LLC 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.

 

 

 

 

    	 	16

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