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Exhibit 10
CANCELLATION AGREEMENT
THIS CANCELLATION AGREEMENT (the "Agreement"), effective as of
November 28, 2006, is by and between Wells Fargo &
Company, a Delaware corporation (the "Corporation"), and Mark C.
Oman (the "Executive").
The Corporation and the Executive are parties to a Severance
Agreement, dated June 3, 1998 (the "Severance Agreement"),
which provides that the Corporation will make certain payments to
the Executive if his employment with the Corporation is terminated
or if his job duties or compensation and benefits are substantially
reduced within three years following a change of control of the
Corporation (as defined in the Severance Agreement). The Severance
Agreement is currently scheduled to automatically renew for an
additional three-year period on June 3, 2007, unless, among
other events, the Corporation notifies the Executive, at least 60
days before the Severance Agreement automatically renews, that it
will not extend the Severance Agreement. The Executive and the
Corporation have discussed the renewal of the Severance Agreement,
and have mutually agreed that it is in the best interests of the
Corporation and the Executive to cancel the Severance Agreement.
The parties, therefore, have mutu
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