Document:

EX-10.3

 Exhibit 10.3 

INVESTMENT MANAGEMENT TRUST AGREEMENT 

This Investment Management Trust Agreement (this “Agreement”) is made effective as of [], 2021, by and between Roman DBDR
Tech Acquisition Corp. II, a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”). 

WHEREAS, the Company’s registration statement on Form S-1, File
No. 333-[] (the “Registration Statement”) and prospectus (the “Prospectus”) for the initial public offering of the Company’s units (the “Units”),
each of which consists of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-third of one redeemable warrant, each whole
warrant entitling the holder thereof to purchase one share of Common Stock (such initial public offering hereinafter referred to as the “Offering”), has been declared effective as of the date hereof by the U.S. Securities and
Exchange Commission; and 
 WHEREAS, the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”)
with Barclays Capital Inc. and B. Riley FBR, Inc., as representatives (the “Representatives”) of the several underwriters (the “Underwriters”) named therein; and 

WHEREAS, as described in the Prospectus, $250,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as
defined in the Underwriting Agreement) (or $287,500,000, if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United
States (the “Trust Account”) for the benefit of the Company and the holders of the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest
subsequently earned thereon) is referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public
Stockholders,” and the Public Stockholders and the Company will be referred to together as the “Beneficiaries”); 

WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $8,750,000, or $10,062,500 if the Underwriters’
over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters upon and concurrently with the consummation of the Business Combination (as
defined below) (the “Deferred Discount”); and 
 WHEREAS, the Company and the Trustee desire to enter into this Agreement
to set forth the terms and conditions pursuant to which the Trustee shall hold the Property. 

 NOW THEREFORE, IT IS AGREED: 

1.    Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 

(a)    Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust
Account established by the Trustee in the United States at J.P. Morgan Chase Bank, N.A. and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company; 

(b)    Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein; 

(c)    In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in United
States government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions of Rule
2a-7(d) promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the Company; it being
understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or other consideration; 

(d)    Collect and receive, when due, all interest or other income arising from the Property, which shall become part of
the “Property,” as such term is used herein; 
 (e)    Promptly notify the Company and the
Representatives of all communications received by the Trustee with respect to any Property requiring action by the Company; 

(f)    Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in
connection with the Company’s preparation of the tax returns relating to assets held in the Trust Account; 

(g)    Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property
if, as and when instructed by the Company to do so; 
 (h)    Render to the Company monthly written statements of the
activities of, and amounts in, the Trust Account reflecting all receipts and disbursements of the Trust Account; 

(i)    Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance
with, the terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the
Company by any Chief Executive Officer, Chief Financial Officer, President, Executive Vice President, Vice President, Secretary or Chairman of the board of directors of the Company (the “Board”) or other authorized officer of the
Company, and, in the case of a Termination Letter in a form substantially similar to the attached hereto as Exhibit A, acknowledged and agreed to by the Representatives, and complete the liquidation of the Trust

  
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Account and distribute the Property in the Trust Account, including interest not previously released to the Company to pay its taxes (less up to $100,000 of interest that may be released to the
Company to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or (y) the date which is the later of (1) 24 months after the closing of the Offering and (2) such later date as
may be approved by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust
Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest not previously released to the Company to pay its taxes (less up
to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Stockholders of record as of such date; and provided, however, that in the event the Trustee receives a
Termination Letter in a form substantially similar to Exhibit B hereto, or if the Trustee begins to liquidate the Property because it has received no such Termination Letter by the date specified in clause (y) of this Section 1(i),
the Trustee shall keep the Trust Account open until twelve (12) months following the date the Property has been distributed to the Public Stockholders. 

(j)    Upon written request from the Company, which may be given from time to time in a form substantially similar to that
attached hereto as Exhibit C, withdraw from the Trust Account and distribute to the Company the amount of interest earned on the Property requested by the Company to cover any tax obligation owed by the Company as a result of assets of the
Company or interest or other income earned on the Property, which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment to the relevant taxing
authority; provided, however, that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in
writing to make such distribution, so long as there is no reduction in the principal amount initially deposited in the Trust Account; provided, further, that if the tax to be paid is a franchise tax, the written request by the Company
to make such distribution shall be accompanied by a copy of the franchise tax bill from the State of Delaware for the Company (it being acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be
payable from the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request; 

(k)    Upon written request from the Company, which may be given from time to time in a form substantially similar to that
attached hereto as Exhibit D, the Trustee shall distribute on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders properly submitted in connection with a stockholder
vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the substance or timing of the ability of Public Stockholders to seek redemption in connection with an initial Business Combination or the
Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination within such time as is described in clause (y) of Section 1(i) of the Agreement. The written
request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request; and 

  
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 (l)    Not make any withdrawals or distributions from the Trust Account
other than pursuant to Section 1(i), (j) or (k) above. 

2.    Agreements and Covenants of the Company. The Company hereby agrees and covenants to: 

(a)    Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, any
Chief Executive Officer, Chief Financial Officer, President, Executive Vice President, Vice President or Secretary. In addition, except with respect to its duties under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be
entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the persons authorized above to give written instructions,
provided that the Company shall promptly confirm such instructions in writing; 
 (b)    Subject to
Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any
action taken by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the
services of the Trustee hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of
notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with
respect to the selection of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be unreasonably withheld.
The Company may participate in such action with its own counsel; 
 (c)    Pay the Trustee the fees set forth on
Schedule A hereto, including an initial acceptance fee, annual administration fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall
not be used to pay such fees unless and until the closing of the Business Combination (defined below). The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the Offering. The
Trustee shall refund to the Company the annual administration fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Account. The Company shall not be responsible for any other fees or charges of the Trustee except
as set forth in this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof; 

(d)    In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”), provide to the Trustee an affidavit or certificate of the inspector of
elections for the stockholder meeting verifying the vote of such stockholders regarding such Business Combination; 

  
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 (e)    Provide the Representatives with a copy of any Termination
Letter(s) and/or any other correspondence that is sent to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same; 

(f)    Unless otherwise agreed between the Company and the Representatives, ensure that any Instruction Letter (as defined
in Exhibit A) delivered in connection with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly to the account or accounts directed by the Representatives on behalf of the Underwriters
prior to any transfer of the funds held in the Trust Account to the Company or any other person; 
 (g)    Instruct the
Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make any distributions that are not permitted under this Agreement; and 

(h)    Within four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised
portion thereof) or such over-allotment expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount, which shall in no event be less than $8,750,000. 

3.    Limitations of Liability. The Trustee shall have no responsibility or liability to: 

(a)    Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document
other than this Agreement and that which is expressly set forth herein; 
 (b)    Take any action with respect to the
Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct; 

(c)    Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or
defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient
to pay any expenses incident thereto; 
 (d)    Refund any depreciation in principal of any Property; 

(e)    Assume that the authority of any person designated by the Company to give instructions hereunder shall not be
continuing unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 

(f)    The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to
be taken or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The Trustee may 

  
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rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the
Company’s counsel), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein
contained) which the Trustee believes, in good faith and with reasonable care, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification,
termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it
shall give its prior written consent thereto; 
 (g)    Verify the accuracy of the information contained in the
Registration Statement; 
 (h)    Provide any assurance that any Business Combination entered into by the Company or any
other action taken by the Company is as contemplated by the Registration Statement; 
 (i)    File information returns
with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

 (j)    Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any
income generated by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, franchise and income tax obligations, except pursuant to
Section 1(j) hereof; or 
 (k)    Verify calculations, qualify or otherwise approve the
Company’s written requests for distributions pursuant to Sections 1(i), 1(j) or 1(k) hereof. 

4.    Trust Account Waiver. The Trustee has no right of set-off or any
right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event
the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the
Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account. 

5.    Termination. This Agreement shall terminate as follows: 

(a)    If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company
shall use its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed and has
agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the

  
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reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor
trustee within ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the
Southern District of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever; or 

(b)    At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance
with the provisions of Section 1(i) hereof (which section may not be amended under any circumstances) and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate
except with respect to Section 2(b). 
 6.    Miscellaneous. (a) The Company and
the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to
such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized
personnel. In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank
or intermediary bank. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error in the information or
transmission of the funds. 
 (b)    This Agreement shall be governed by and construed and enforced in accordance with
the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument. 

(c)    This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject
matter hereof. This Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto; provided, however, that no such change,
amendment or modification to Section 1(i), 2(f) or Exhibit A may be made without the prior written consent of the Representatives. 

(d)    This Agreement or any provision hereof may only be changed, amended or modified pursuant to
Section 6(c) hereof with the Consent of the Stockholders. For purposes of this Section 6(d), the “Consent of the Stockholders” means receipt by the Trustee of a certificate from
the inspector of elections of the stockholder meeting certifying that the Company’s stockholders of record as of a record date established in accordance with Section 213(a) of the Delaware General Corporation Law, as amended
(“DGCL”) (or any successor rule), who hold sixty-five percent (65%) or more of all then outstanding shares of the Common Stock and Class B common stock, par value $0.0001 per share, of the Company voting together as a single
class, have voted in favor of such change, amendment or modification. No such amendment will affect any 

  
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Public Stockholder who has otherwise indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement to modify the substance or
timing of the Company’s obligation to redeem 100% of the Common Stock if the Company does not complete its initial Business Combination within the time frame specified in the Company’s amended and restated certificate of incorporation.
Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all liability
to any party for executing the proposed amendment in reliance thereon. 
 (e)    The parties hereto consent to the
jurisdiction and venue of any state or federal court located in the City of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY
WAIVES THE RIGHT TO TRIAL BY JURY. 
 (f)    Any notice, consent or request to be given in connection with any of the
terms or provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by electronic mail: 

if to the Trustee, to: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 
 New
York, NY 10004 
 Attn: Francis Wolf and Celeste Gonzalez 

Email: fwolf@continentalstock.com 

cgonzalez@continentalstock.com 

if to the Company, to: 
 Roman
DBDR Tech Acquisition Corp. II 
 Dr. Donald G. Basile 

Dixon Doll, Jr. 
 Co-Chief Executive Officers 
 2877 Paradise Road, Unit 702 

Las Vegas, NV 89109 
 in each
case, with copies to: 
 Cadwalader, Wickersham & Taft LLP 

200 Liberty Street 
 New York,
NY 10281 
 Attn: Gregory P. Patti, Jr. 

Email: Greg.Patti@cwt.com 

  
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 and 

Barclays Capital Inc. 
 745
Seventh Avenue 
 New York, NY 10019 

Attn: General Counsel 
 and 

B. Riley FBR, Inc. 
 299 Park
Avenue 
 New York, New York 10171 

Attn: General Counsel 
 and 

Christian O. Nagler, Esq. 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Tel: (212) 446-4600 

Fax: (212) 446-4900 

(g)    Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly
authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. 

(h)    This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to
the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto. 

(i)    This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but
all such counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission shall constitute valid and sufficient delivery thereof. 

(j)    Each of the Company and the Trustee hereby acknowledges and agrees that B. Riley Securities, Inc. on behalf of the
Underwriters is a third party beneficiary of this Agreement. 
 (k)    Except as specified herein, no party to this
Agreement may assign its rights or delegate its obligations hereunder to any other person or entity. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties have duly executed this Investment
Management Trust Agreement as of the date first written above. 
  

					
	 CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee

		
	By:	 	  

		 	Name:	 	Francis Wolf
		 	Title:	 	Vice President
	
	 ROMAN DBDR TECH ACQUISITION CORP. II

		
	By:	 	  

		 	Name:	 	Dr. Donald G. Basile
		 	Title:	 	Co-Chief Executive Officer

 [Signature Page to Investment Management Trust Agreement] 

 SCHEDULE A 
  

							
	 Fee Item
	  	 Time and method of payment
	  	Amount	 
	Initial set-up fee.	  	Initial closing of Offering by wire transfer.	  	$	3,500	 
			
	Trustee administration fee	  	Payable annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	  	$	10,000	 
			
	 Transaction processing fee for disbursements to Company under Sections 1(i) and (j)
	  	Billed to the Company following disbursement made to Company under Section 1	  	$	250	 
			
	 Paying Agent services as required pursuant to Section 1(i) and 1(k)
	  	Billed to Company upon delivery of service pursuant to Section 1(i) and 1(k)	  	 
	Prevailing
rates	 
 

 Schedule A 

 EXHIBIT A 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. Termination Letter 

Ladies and Gentlemen: 
 Pursuant to
Section 1(i) of the Investment Management Trust Agreement between Roman DBDR Tech Acquisition Corp. II (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of
[●], 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (the “Target Business”) to consummate a business combination with Target Business (the
“Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business
Combination (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 

In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account,
and to transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Account will be immediately available for transfer to the account or
accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representatives on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on
deposit in the trust operating account at J.P. Morgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends. 

On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been
consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) a certificate of any Chief
Executive Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote is held and (b) a joint written instruction signed by the Company and the Representatives with respect to
the transfer of the funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representatives from the Trust Account (the
“Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the
Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you 

 
will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the
Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated. 

In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not
notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c)
of the Trust Agreement on the business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible. 
  

			
	 Very truly yours,
  

Roman DBDR Tech Acquisition Corp. II

		
	By:	 	  

Name:

Title:

 

			
	 Barclays Capital Inc.

		
	 By:
	 	  

Name:

Title:

  

			
	 B. Riley FBR, Inc.

		
	 By:
	 	  
 Name:

Title:

 Exhibit A 

 EXHIBIT B 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. Termination Letter 

Ladies and Gentlemen: 
 Pursuant to
Section 1(i) of the Investment Management Trust Agreement between Roman DBDR Tech Acquisition Corp. II (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of
[●], 2021 (the “Trust Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”) within the time frame specified in
Section 1(i) of the Trust Agreement. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 

In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to
transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Stockholders. The Company has selected1 as the effective date
for the purpose of determining when the Public Stockholders will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said
funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments
necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in Section 1(j) of the Trust
Agreement. 
  

			
	 Very truly yours,

	
	 Roman DBDR Tech Acquisition Corp. II

		
	 By:
	 	  

		 	Name:
		 	Title:

	cc:	 Barclays Capital Inc. 

	 	 B. Riley FBR, Inc. 

  

 

	1 	 24 months from the closing of the Offering, or at a later date, if extended. 

  
 Exhibit B 

 EXHIBIT C 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. Withdrawal Instruction 

Ladies and Gentlemen: 
 Pursuant to
Section 1(j) of the Investment Management Trust Agreement between Roman DBDR Tech Acquisition Corp. II (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”), dated as of [●], 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company $[●] of the interest income earned on the Property as of the date hereof.
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 
 The Company needs such funds to
pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt
of this letter to the Company’s operating account at: 
 [WIRE INSTRUCTION INFORMATION] 

 

			
	 Very truly yours,

	
	 Roman DBDR Tech Acquisition Corp. II

		
	 By:
	 	  

		 	Name:
		 	Title:

  

	cc:	 Barclays Capital Inc. 

	 	 B. Riley FBR, Inc. 

Exhibit C 

 EXHIBIT D 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf and Celeste Gonzalez

 Re: Trust Account No. Shareholder Redemption Withdrawal Instruction 

Gentlemen: 
 Pursuant to
Section 1(k) of the Investment Management Trust Agreement between Roman DBDR Tech Acquisition Corp. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”),
dated as of [], 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $[] of the principal and interest income earned on the Property as of the date hereof to
a segregated account held by you on behalf of the Beneficiaries. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 

The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the
Company in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of public shares of
Common Stock if the Company has not consummated an initial Business Combination within such time as is described in Section 1(i) of the Trust Agreement. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds
promptly upon your receipt of this letter to a segregated account held by you on behalf of the Beneficiaries. 
  

			
	Very truly yours,
	
	Roman DBDR Tech Acquisition Corp. II
		
	 By:
	 	  

		 	Name:
		 	Title:

  

	cc:	 Barclays Capital Inc. 

	 	 B. Riley FBR, Inc. 

Exhibit DEX-4.1

 Exhibit 4.1 

ANGLOGOLD ASHANTI HOLDINGS PLC 

ANGLOGOLD ASHANTI LIMITED 

OFFICERS’ CERTIFICATE 

Officers’ Certificate pursuant to Section 301 of the Indenture 

(the “301 Officers’ Certificate”) 

3.375% Notes due 2028 
 Each of, Robert
Hayes and Simon Scott, duly appointed as a director of AngloGold Ashanti Holdings plc (the “Company”), pursuant to Section 301 of the indenture dated April 28, 2010 (the “Indenture”) among the Company,
AngloGold Ashanti Limited as guarantor (the “Guarantor”) and The Bank of New York Mellon as trustee (the “Trustee”) and pursuant to a resolution duly adopted by the Board of Directors of the Company on
October 14, 2021 provided as Exhibit A hereto, whereby each director of the Company designated as an “Authorized Person” was authorized to do anything and to execute and deliver any document necessary, desirable or incidental
to an offering of Notes to be issued in one tranche with a maturity of 7 years from the date of issuance, HEREBY APPROVE AND CONFIRM that one series of Notes be established hereby, consisting of U.S.$750 million aggregate principal amount of
3.375% Notes due 2028 (the “Notes”). 
  

			
	Title:	  	3.375% Notes due 2028
		
	Principal Amount:	  	$750,000,000
		
	Currency:	  	U.S. dollar
		
	Stated Maturity:	  	November 1, 2028
		
	Issue Price:	  	99.788%
		
	Interest Rate:	  	3.375% per year
		
	Interest Payment Dates:	  	May 1 and November 1, commencing May 1, 2022
		
	Issue Date:	  	October 22, 2021
		
	Regular Record Dates:	  	April 15 and October 15 (whether or not a Business Day) immediately preceding the applicable interest payment date
		
	Guarantee:	  	The Notes will be fully and unconditionally guaranteed by the Guarantor as to the payment of principal of, premium, if any, and interest on the Notes, including any Additional
Amounts.

			
	Form:	  	The Notes will be issued in the form of one or more global notes, which will be executed and delivered in substantially the form attached hereto as Exhibit B in fully registered, book-entry form. The global notes will be
deposited with or on behalf of The Depository Trust Company (“DTC”) and registered in the name of Cede & Co., as nominee of DTC or such other name as may be requested by an authorized representative of DTC.
		
	Denominations:	  	The Notes will be issued in minimum denominations of $200,000 and in integral multiples of $1,000 in excess thereof.
		
	Place of Payment, Paying Agent:	  	The Bank of New York Mellon
		  	240 Greenwich Street
		  	New York, New York 10286
		  	United States of America
		  	Attention: Global Corporate Trust
		
	Business Day:	  	Any day, other than a Saturday or Sunday, which is not, in New York City or London, United Kingdom, a legal holiday or a day on which banking institutions are authorized or obligated by law, regulation or executive order to
close.
		
	Notices and Demands:	  	If to the Company:
		
		  	 AngloGold Ashanti Holdings plc
 4th Floor

		  	Communications House
		  	South Street
		  	Staines-upon-Thames
		  	TW18 4PR
		  	United Kingdom
		  	Tel: +44 (0)203 968 3320
		  	Attention: The General Manager

  
 2 

			
		  	If to the Guarantor:
		
		  	 AngloGold Ashanti Limited
 112 Oxford
Road

		  	Houghton Estate
		  	Johannesburg, 2198
		  	(Private Bag X 20, Rosebank, 2196)
		  	South Africa
		  	Tel: +27 (11) 637 6000
		  	Attention: The Company Secretary
		
	Covenants:	  	The covenants set forth in the Indenture shall apply to the Notes.
		
		  	In connection with such covenants:
		
		  	 •  The percentage of Consolidated Net Tangible Assets not to be exceeded in
connection with the limitations on liens set forth in Section 1006 of the Indenture and the limitations on sale and leaseback transactions in Section 1007 of the Indenture shall be 10% and 10%, respectively.

		
		  	 •  The percentage of Consolidated Net Tangible Assets in excess of which a
property may be considered a “Principal Property”, as further described in the Indenture under the definition of “Principal Property”, shall be 5%.

		
		  	 •  The definition of “Principal Property” as used in the Indenture
shall be amended and supplemented, with respect to the Notes only, by deleting the phrase “in each case, and the net book value” and inserting in lieu thereof the phrase “in each case, the net book
value”.

		
		  	 •  The definition of “Attributable Debt” as used in the Indenture shall
be amended and supplemented, with respect to the Notes only, by inserting the parenthetical “(as determined in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting
Standards Board (“IASB”), as in effect immediately prior to the adoption of IFRS 16—“Leases”)” following the term “operating lease”.

  
 3 

			
	Payment of Additional Amounts:	  	The Company or the Guarantor may be required to pay Holders Additional Amounts as set forth in Section 1005 of the Indenture and the form of the Notes attached hereto as Exhibit B.
		
		  	In addition to the exceptions and limitations described in the Indenture, neither the Company nor the Guarantor shall be required to pay any Additional Amounts for or on account of any taxes required to be withheld or deducted under
Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended, or any amended or successor versions of such Sections (“FATCA”), any regulations or other guidance thereunder, or any agreement (including any
intergovernmental agreement) entered into in connection therewith, or any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA.
		
	Optional Tax Redemption:	  	In the event of certain tax law changes that require the Company or the Guarantor to pay Additional Amounts, and in other limited circumstances as described in the Indenture and the form of the Notes attached hereto as
Exhibit B, the Company or the Guarantor may redeem all, but not less than all, of the Notes prior to maturity.
		
		  	Notice of redemption shall be given in the manner provided for in the Indenture and the form of the Notes attached hereto as Exhibit B not less than 10 nor more than 60 days prior to the Redemption
Date.

  
 4 

			
	Optional Redemption:	  	Prior to September 1, 2028, the Company or the Guarantor may redeem the Notes, in whole or in part, at any time and from time to time at a Redemption Price equal to the greater of (1) 100% of the principal amount of the Notes
to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed if such Notes matured on September 1, 2028 (exclusive of interest accrued and unpaid to the
Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus the
Make-whole Spread, plus, in each case, accrued and unpaid interest thereon to, but not including, the Redemption Date.
		
		  	On or after September 1, 2028, the Company or the Guarantor may redeem the Notes, in whole or in part, at any time and from time to time at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed
plus accrued and unpaid interest thereon to, but not including, the Redemption Date.
		
		  	Further installments of interest on the Notes to be redeemed that are due and payable on the Interest Payment Dates falling on or prior to a Redemption Date shall be payable on the Interest Payment Date to the Holders as of the
close of business on the relevant Regular Record Date according to the Notes and the Indenture.
		
		  	In connection with such optional redemption, the following defined terms apply:
		
		  	“Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury
Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

  
 5 

			
		  	“Comparable Treasury Issue” means the U.S. Treasury security or securities selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to
be redeemed (assuming, for this purpose, that the Notes mature on September 1, 2028) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of a
comparable maturity to the remaining term of the Notes (assuming, for this purpose, that the Notes mature on September 1, 2028).
		
		  	“Comparable Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such
Reference Treasury Dealer Quotations, or (B) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.
		
		  	“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company.
		
		  	“Make-whole Spread” means 30 basis points.
		
		  	“Reference Treasury Dealer” means each of any four of Barclays Bank PLC, BNP Paribas, BofA Securities, Inc., J.P. Morgan Securities plc, BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche
Bank AG, London Branch, Goldman Sachs International, RBC Capital Markets, LLC and Scotia Capital (USA) Inc. or their respective affiliates, in each case that are primary U.S. Government securities dealers, selected by the Company, and their
respective successors; provided, however, that if any of the foregoing or their respective affiliates shall cease to be a primary U.S. Government securities dealer in New York City, the Company shall substitute therefor another such
primary U.S. Government securities dealer.

  
 6 

			
		  	“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. New York City time on the third business day preceding such Redemption Date.
		
		  	The Company will give notice to each Holder of Notes to be redeemed of any redemption the Company or the Guarantor proposes to make at least 10 days, but not more than 60 days, before the Redemption Date or request that the Trustee
send such notice of redemption to each Holder of Notes to be redeemed in the name of the Company and at its expense. If fewer than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected as set forth under “Selection
and Notice” below.
		
		  	Subject to the terms of the applicable notice of redemption, Notes called for redemption become due on the Redemption Date. Unless the Company or the Guarantor defaults in payment of the Redemption Price, on and after the Redemption
Date, interest will cease to accrue on the Notes or portions thereof called for redemption.

  
 7 

			
	Selection and Notice:	  	If less than all of the Notes are to be redeemed at any time, the Trustee will select the Notes for redemption in compliance with the requirements of the principal securities exchange, if any, on which the Notes are
listed, as certified to the Trustee by the Company, and in compliance with the requirements of DTC, or if the Notes are not so listed or such exchange prescribes no method of selection and the Notes are not held through DTC or DTC prescribes no
method of selection, on a pro rata basis; provided, however, that no Note of $200,000 in aggregate principal amount or less shall be redeemed in part.
	
		
		  	If any Note is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the principal amount thereof to be redeemed, in which case a portion of the original Note will be issued in
the name of the Holder thereof upon cancelation of the original Note. In the case of a global note, an appropriate notation will be made on such Note to decrease the principal amount thereof to an amount equal to the unredeemed portion
thereof.
		
		  	At all times, for the purposes of the terms set forth in this 301 Officers’ Certificate and the Indenture, the terms relating to selection and notice of this 301 Officers’ Certificate will supersede the applicable terms of
Article Eleven of the Indenture to the extent inconsistent with such terms.
		
	Change of Control Repurchase Event:	  	In certain circumstances the Company may be required to make an offer to each Holder of Notes to repurchase all or any part of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of
Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the date of repurchase, as set forth in the form of the Notes attached hereto as Exhibit
B.

  
 8 

			
	Consolidation, Merger, Conveyance or Transfer:	  	Neither the Company nor the Guarantor will consolidate with or merge into any other corporation or convey or transfer its properties and assets substantially as an entirety to any Person, unless certain conditions are
met, as set forth in the form of the Notes attached hereto as Exhibit B.

		
	Sinking Fund:	  	The Notes will not be entitled to the benefit of a sinking fund.
		
	Further Issuance:	  	The Company may, without the consent of the Holders of the Notes, issue additional notes (the “Additional Notes”) having the same ranking and same interest rate, maturity date, redemption terms and other terms as
the Notes except for the price to the public and issue date; provided, however, that no Additional Notes may be issued unless they are fungible with the Notes for U.S. federal income tax purposes. Any Additional Notes, together
with the Notes, will constitute a single series of Securities under the Indenture. There is no limitation on the amount of the Notes or other debt securities that the Company may issue under the Indenture.
		
	Other Terms:	  	At all times, for the purposes of the covenants set forth in the Indenture, references in Section 1008 of the Indenture to (i) Section 301(14) will be deleted and replaced in its entirety by reference to
Section 301(16) and (ii) Section 301(15) will be deleted and replaced in their entirety by references to Section 301(17).
		
		  	The other terms of the Notes shall be substantially as set forth in the Indenture dated April 28, 2010 and the form of the Notes attached hereto as Exhibit B.

 For purposes of this 301 Officers’ Certificate, except as otherwise provided, all capitalized terms not defined herein
shall have the meaning provided in the Indenture. 
 All provisions in the form of the Notes attached hereto as Exhibit B which are specifically
referred to herein are hereby incorporated in and made a part of this 301 Officers’ Certificate as if set forth in full herein. 

  
 9 

 IN WITNESS WHEREOF, each of the undersigned has executed this 301 Officers’ Certificate on the date and
in the capacity described herein. 
  

			
	Dated: October 22, 2021
	
	ANGLOGOLD ASHANTI HOLDINGS PLC
		
	By:	 	/s/ Robert Hayes
		 	Name: Robert Hayes
		 	Title:   Director
		
	By:	 	/s/ Simon Scott
		 	Name: Simon Scott
		 	Title:   Director

 [Signature page – Officers’ Certificate Pursuant to Section 301 of Indenture – AGAH]

			
	ACKNOWLEDGED AND AGREED
	
	Dated: October 22, 2021
	
	ANGLOGOLD ASHANTI LIMITED
		
	By:	 	/s/ Christine Ramon
		 	Name: Christine Ramon
		 	Title:   Chief Financial Officer
		
	By:	 	/s/ Lucy Mokoka
		 	Name: Lucy Mokoka
		 	Title:   Group Company Secretary

 [Signature page – Officers’ Certificate Pursuant to Section 301 of Indenture – AGA]

 Exhibit A 

  
 A-1 

 [Resolutions of Board of Directors of AGAH] 

  
 B-2 

 EXHIBIT B 

FORM OF NOTE 
 [FACE OF GLOBAL
NOTE] 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR
A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 ANGLOGOLD ASHANTI HOLDINGS PLC 

3.375% Notes due 2028 
 Guaranteed
By 
 ANGLOGOLD ASHANTI LIMITED 
  

			
	No. 00[1]	  	$[•]
		  	CUSIP No. 03512TAF8
		  	ISIN No. US03512TAF84

 ANGLOGOLD ASHANTI HOLDINGS PLC, a company incorporated under the laws of the Isle of Man (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of $[•] on
November 1, 2028 and to pay interest thereon from October 22, 2021 or from the most recent Interest Payment Date (as defined below) to which interest has been paid or duly provided for, semi-annually in arrears on May 1 and
November 1 in each year, commencing on May 1, 2022 (each, an “Interest Payment Date”), at the rate of 3.375% per annum, until 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 such Indenture, be paid to the Person in whose name this Note is registered at the close of business on April 15 and October 15 immediately preceding
the applicable Interest Payment Date, each, a “Regular Record Date” for such interest. Any such interest which is payable, but is not punctually paid or duly provided for, on such Interest Payment Date will forthwith cease to be
payable to such Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at the rate specified in this Note may be
paid by the Company or the Guarantor, at its election, in each case, as provided in the Indenture. 
 Interest on this Note shall be
computed on the basis of a 360-day year of twelve 30-day months. 

  
 B-1 

 Payment of the principal of, and interest, if any, on this Note will be made at the office
or agency of the Company maintained for that purpose in New York City, 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. 

Reference is hereby made to the further provisions of this Note 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 by manual signature of an authorized signatory, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 B-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed manually or
in facsimile. 
 Dated: October 22, 2021 
  

			
	ANGLOGOLD ASHANTI HOLDINGS PLC
		
	By:	 	 
		 	Name:
		 	Title: Director
		
	By:	 	 
		 	Name:
		 	Title: Director

  
 B-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

Dated: October 22, 2021 

This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	 
		 	Authorized Signatory

  
 B-4 

 FORM OF GUARANTEE 

For value received, ANGLOGOLD ASHANTI LIMITED, a corporation duly organized and existing under the laws of South Africa (herein called the
“Guarantor”, which term includes any successor Person under the Indenture (the “Indenture”) referred to in the Note on which this Guarantee is endorsed), has unconditionally guaranteed, pursuant to the terms of the
Guarantee contained in Article Sixteen of the Indenture, the due and punctual payment of the principal of and any premium and interest on such Note, when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of
acceleration, call for redemption or otherwise, in accordance with the terms of such Note and the Indenture. 
 All payments pursuant to
this Guarantee shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied by or on behalf of the Isle of Man, the United Kingdom
or South Africa or the jurisdiction of organization of any successor to the Company or the Guarantor, or any political subdivision or taxing authority thereof or therein, unless such taxes, duties, assessments or governmental charges are required by
the Isle of Man, the United Kingdom or South Africa or such other jurisdiction or any such subdivision or authority to be withheld or deducted. In that event, the Guarantor will pay such Additional Amounts as will result (after deduction of such
taxes, duties, assessments or governmental charges and any additional taxes, duties, assessments or governmental charges payable in respect of such) in the payment to the Holder of the Note on which this Guarantee is endorsed of the amounts which
would have been payable in respect of the Guarantee thereof had no such withholding or deduction been required, subject to certain exceptions as set forth in Article Ten of the Indenture. 

The obligations of the Guarantor to the Holders of the Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set
forth in Article Sixteen of the Indenture, and reference is hereby made to such Article and Indenture, which includes the particular terms of the Note on which this Guarantee is endorsed established pursuant to Section 301 of the Indenture, for
the precise terms of the Guarantee. 
 The Guarantee shall not be valid or obligatory for any purpose until the certificate of
authentication on the Note upon which this Guarantee is endorsed shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized signatories. 

Capitalized terms used herein and not otherwise defined herein have the meanings specified in the Indenture. 

  
 B-5 

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

Dated: October 22, 2021 
  

			
	ANGLOGOLD ASHANTI LIMITED
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  
 B-6 

 [REVERSE OF GLOBAL NOTE] 

This Note is one of a duly authorized issue of Securities of the Company (herein called the “Note”), issued and to be issued
in one or more series under an indenture, dated as of April 28, 2010 (herein called the “Indenture” which term shall have the meaning assigned to it in such instrument), among the Company, AngloGold Ashanti Limited, as
guarantor (herein called the “Guarantor”, which term includes any successor Person under the Indenture) and The Bank of New York Mellon, as trustee (herein called the “Trustee”, which term includes any other
successor Trustee under the Indenture) and reference is hereby made to the Indenture and the Officers’ Certificate dated as of October 22, 2021 issued pursuant to Section 301 of the Indenture (herein called the “301
Officers’ Certificate”) 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 Notes of this series and of the terms upon
which the Notes of this series are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited in aggregate principal amount to U.S.$750,000,000. 

The Company may, without the consent of the Holders of the Notes of this series, issue additional notes of this series (the
“Additional Notes”) having the same ranking and same interest rate, maturity date, redemption terms and other terms as the Notes of this series except for the price to the public and issue date; provided, however,
that no Additional Notes may be issued unless they are fungible with the Notes of this series for U.S. federal income tax purposes. Any Additional Notes, together with the Notes of this series, will constitute a single series of Securities under
the Indenture. There is no limitation on the amount of Notes of this series or other debt securities that the Company may issue under the Indenture. 

The Notes of this series will constitute unsecured and unsubordinated indebtedness of the Company and will rank equally with all of its other
unsecured and unsubordinated indebtedness from time to time outstanding. 
 The Notes of this series are issuable only in registered form
without coupons in minimum denominations of $200,000 and integral multiples of $1,000 in excess thereof. The Notes of this series will initially be issued in the form of one or more global notes (each, a “Global Note”). Except as
provided in the Indenture, a Global Note shall not be exchangeable for one or more definitive Notes. 
 If an Event of Default with respect
to Notes of this series occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes of this series may declare the principal of all of the Notes of this series to be due and payable in the
manner and with the effect provided in the Indenture. 
 If an Event of Default with respect to Notes of this series occurs and is
continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of the Notes of this series and related coupons by such appropriate judicial proceedings as the Trustee shall deem most effectual
to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in the Indenture or in aid of the exercise of any power granted therein, or to enforce any other proper remedy. 

  
 B-7 

 All payments of, or in respect of, principal of and any premium and interest on any Note of
this series, and all payments pursuant to the Guarantee, shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature imposed or levied by or on
behalf of the Isle of Man, the United Kingdom or South Africa, any other jurisdiction where the Company or the Guarantor is tax resident or in which the Company does business, the government of a jurisdiction in which any successor to the Company or
the Guarantor is organized or tax resident or any political subdivision or taxing authority thereof or therein (a “Taxing Jurisdiction”), unless such taxes, duties, assessments or governmental charges are required by such Taxing
Jurisdiction to be withheld or deducted. In that event, the Company or the Guarantor, as applicable, will pay such additional amounts of, or in respect of, principal and any premium and interest (“Additional Amounts”) as will result
(after deduction of such taxes, duties, assessments or governmental charges and any additional taxes, duties, assessments or governmental charges payable in respect of such) in the payment to each Holder of Notes of this series of the amounts which
would have been payable in respect of such Notes or the Guarantee, as the case may be, had no such withholding or deduction been required, except that no Additional Amounts shall be so payable for or on account of: 

(1) any tax, duty, assessment or other governmental charge imposed by any jurisdiction other than a Taxing Jurisdiction (including the United
States or any political subdivision or taxing authority thereof or therein); 
 (2) any tax, duty, assessment or other governmental charge
which would not have been imposed but for (A) the existence of any present or former connection between such Holder or a third party on behalf of such Holder by reason of its (or between a fiduciary, settlor, beneficiary member, shareholder or
possessor of a power over such Holder, if such Holder is an estate, trust, partnership or corporation) having some present or former connection with a Taxing Jurisdiction (including being or having been a citizen or resident of a Taxing Jurisdiction
or being or having been engaged in a trade or business or present therein or having or having had a permanent establishment therein, but not including the mere holding or ownership of a debt security), or (B) the presentation of such Note or
the Guarantee thereof for payment more than 30 days after the date on which such payment became due or was provided for, whichever is later; 

(3) any estate, inheritance, gift, sale, transfer, personal property or similar tax, duty, assessment or other governmental charge; 

(4) any tax, duty, assessment or other governmental charge which is payable otherwise than by withholding or deduction from payments of (or in
respect of) principal of or any premium or interest on the Notes or the Guarantee thereof; 
 (5) any tax, duty, assessment or other
governmental charge that is imposed or withheld by reason of the failure to comply by the Holder or the beneficial owner of a Note with a request of the Company or the Guarantor addressed to the Holder (A) to provide information concerning the
nationality, residence or identity of the Holder or such beneficial owner or (B) to make any declaration or other similar claim or satisfy any information or reporting requirement, which, in the case of (A) or (B), is required or imposed
by statute, treaty, regulation or administrative practice of the Taxing Jurisdiction as a precondition to exemption from all or part of such tax, assessment or other governmental charge; 

  
 B-8 

 (6) any withholding or deduction that is imposed on a payment to an individual and required
to be made pursuant to any European Union Directive on the taxation of savings implementing the conclusions of the ECOFIN (European Union Economic and Finance Ministers) Counsel Meeting of 26 - 27 November 2000 or any law implementing or complying
with or introduced in order to conform to such Directive; 
 (7) any taxes required to be withheld or deducted under Sections 1471 through
1474 of the U.S. Internal Revenue Code of 1986, as amended, or any amended or successor versions of such Sections (“FATCA”), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement)
entered into in connection therewith, or any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or 

(8) any combination of items (1), (2), (3), (4), (5), (6) and (7). 

Additionally, Additional Amounts shall not be paid with respect to any payment in respect of any Note to any Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such payment to the extent a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner would not have been entitled to such Additional Amounts
had it been the Holder of such Note. 
 With respect to references herein to the payment of the principal of or any premium or interest on,
or in respect of, any Note of this series (or any payments pursuant to the Guarantee thereof) such mention shall be deemed to include mention of the payment of Additional Amounts provided for herein to the extent that, in such context, Additional
Amounts are, were or would be payable in respect thereof pursuant to the provisions herein and express mention of the payment of Additional Amounts in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions
hereof where such express mention is not made. 
 The provisions herein shall apply mutatis mutandis to any withholding or deduction
for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor Person to the Company or the Guarantor is organized, or any political subdivision or taxing authority
thereof or therein. 
 The Notes of this series are redeemable at the option of the Company or the Guarantor (or their successors) in whole
but not in part at any time at a Redemption Price equal to the principal amount thereof plus accrued interest to the date fixed for redemption if, (i) the Company or the Guarantor is or would be required to pay Additional Amounts as a result of
any change in or amendment to the laws or any regulations or rulings promulgated thereunder of a Taxing Jurisdiction or any change in the official application or interpretation of such laws, regulations or rulings, or any change in the official
application or interpretation of, or any execution of or amendment to, any treaty or treaties affecting taxation to which a Taxing Jurisdiction is a party, which change, execution or amendment becomes effective on or after the date of issuance of
the 

  
 B-9 

 
Notes of this series on October 22, 2021 (or in the case of a successor Person to the Company or the Guarantor, the date on which such successor Person became such or in the case of an
assumption by the Guarantor or its Subsidiaries of obligations of the Company under the Notes of this series, the date of such assumption), or (ii) as a result of any change in the official application or interpretation of, or any execution of
or amendment to, any treaty or treaties affecting taxation to which a Taxing Jurisdiction is a party, which change, execution or amendment is proposed and becomes effective on or after a date on which the Guarantor or any of its Subsidiaries (an
“Intercompany Debtor”) borrows money from the Company, the Intercompany Debtor is or would be required to deduct or withhold tax on any payment to the Company to enable the Company to make any payment of principal, premium, if any,
or interest, and the payment of such Additional Amounts, in the case of clause (i), or such deductions or withholding, in the case of clause (ii), cannot be avoided by the use of any reasonable measures available to the Company, the Guarantor or the
Intercompany Debtor. Prior to the giving of notice of such redemption, the Company will deliver to the Trustee an Officers’ Certificate, stating that the Company is entitled to effect such redemption and setting forth in reasonable detail a
statement of circumstances showing that the conditions precedent to the right of the Company to redeem such Notes pursuant to the Indenture have been satisfied. 

Prior to September 1, 2028, the Company or the Guarantor may redeem the Notes of this series, in whole or in part, at any time and from
time to time at a Redemption Price equal to the greater of (1) 100% of the principal amount of the Notes of this series to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the
Notes of this series to be redeemed if such Notes matured on September 1, 2028 (exclusive of interest accrued and unpaid to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate plus the Make-whole Spread, plus, in each case, accrued and unpaid interest thereon to, but not
including, the Redemption Date. 
 On or after September 1, 2028, the Company or the Guarantor may redeem the Notes of this series, in
whole or in part, at any time and from time to time at a Redemption Price equal to 100% of the principal amount of the Notes of this series to be redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

Further installments of interest on the Notes of this series to be redeemed that are due and payable on the Interest Payment Dates falling on
or prior to a Redemption Date shall be payable on the Interest Payment Date to the Holders as of the close of business on the relevant Regular Record Date according to the Notes of this series and the Indenture. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent
yield to maturity or interpolated maturity (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for
such Redemption Date. 

  
 B-10 

 “Comparable Treasury Issue” means the U.S. Treasury security or securities
selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes of this series to be redeemed (assuming, for this purpose, that the Notes of this series mature on
September 1, 2028) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes of this
series (assuming, for this purpose, that the Notes of this series mature on September 1, 2028). 
 “Comparable Treasury
Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if
the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent
Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 
 “Make-whole Spread”
means 30 basis points. 
 “Reference Treasury Dealer” means each of any four of Barclays Bank PLC, BNP Paribas, BofA
Securities, Inc., J.P. Morgan Securities plc, BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche Bank AG, London Branch, Goldman Sachs International, RBC Capital Markets, LLC and Scotia Capital (USA) Inc. or their respective
affiliates, in each case that are primary U.S. Government securities dealers, selected by the Company, and their respective successors; provided, however, that if any of the foregoing or their respective affiliates shall cease to be a
primary U.S. Government securities dealer in New York City, the Company shall substitute therefor another such primary U.S. Government securities dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. New
York City time on the third business day preceding such Redemption Date. 
 The Company will give notice to each Holder of Notes of this
series to be redeemed of any redemption the Company or the Guarantor proposes to make at least 10 days, but not more than 60 days, before the Redemption Date or request that the Trustee send such notice of redemption to each Holder of Notes of this
series to be redeemed in the name of the Company and at its expense. If fewer than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected as set forth below. 

Subject to the terms of the applicable notice of redemption, Notes of this series called for redemption become due on the Redemption Date.
Unless the Company or the Guarantor defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Notes of this series or portions thereof called for redemption. 

  
 B-11 

 If less than all of the Notes of this series are to be redeemed at any time, the Trustee
will select the Notes of this series for redemption in compliance with the requirements of the principal securities exchange, if any, on which the Notes of this series are listed, as certified to the Trustee by the Company, and in compliance with
the requirements of The Depository Trust Company (“DTC”), or if the Notes of this series are not so listed or such exchange prescribes no method of selection and the Notes of this series are not held through DTC or DTC prescribes no
method of selection, on a pro rata basis; provided, however, that no Note of this series of $200,000 in aggregate principal amount or less shall be redeemed in part. 

If any Note of this series is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the
principal amount thereof to be redeemed, in which case a portion of the original Note will be issued in the name of the Holder thereof upon cancelation of the original Note. In the case of a Global Note, an appropriate notation will be made on such
Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof. 
 At all times, for the purposes of the
terms set forth in the 301 Officers’ Certificate, this Note and the Indenture, the terms relating to selection and notice of the 301 Officers’ Certificate and this Note will supersede the applicable terms of Article Eleven of the Indenture
to the extent inconsistent with such terms. 
 If a Change of Control Repurchase Event occurs in respect of the Notes of this series, unless
either the Company or the Guarantor has exercised its right to redeem the Notes of this series as described above, the Company will be required to make an offer to each Holder of Notes of this series to repurchase all or any part (in minimal
denominations of $200,000 and integral multiples of $1,000 in excess thereof) of that Holder’s Notes of this series at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes of this series repurchased plus any
accrued and unpaid interest on the Notes of this series repurchased to, but not including, the date of repurchase. Within 30 days following any Change of Control Repurchase Event or, at the option of the Company, prior to any Change of Control, but
after the public announcement of the proposed Change of Control, the Company will mail or deliver through the relevant securities clearing system a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that
constitute or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes of this series on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date
such notice is mailed or delivered, other than as may be required by law. The notice shall, if mailed or delivered prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control
Repurchase Event occurring on or prior to the payment date specified in the notice. Holders of Notes of this series electing to have their Notes of this series purchased pursuant to a Change of Control Repurchase Event offer will be required to
surrender their Notes of this series, with the form entitled “Option of Holder to Elect Purchase” on the reverse of this Note completed, to the Paying Agent at the address specified in the notice, or transfer their Notes of this series to
the Paying Agent by book-entry transfer pursuant to the applicable procedures of the Paying Agent, prior to the close of business on the third business day prior to the repurchase payment date. The Company will comply with the requirements of Rule 14e-1 under the U.S. Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are
applicable in connection with the repurchase of the Notes of this series as a result of a Change of Control Repurchase Event. To 

  
 B-12 

 
the extent that the provisions of any applicable securities or corporate laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes of this series, the
Company will comply with the applicable securities or corporate laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes of this series by virtue of such
conflict. 
 On the repurchase date following a Change of Control Repurchase Event, the Company will, to the extent lawful: 

(1) accept for payment all Notes of this series or portions of the Notes of this series properly tendered pursuant to its offer; 

(2) deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all the Notes of this series or portions of the
Notes of this series properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes of this series properly
accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes of this series being purchased by the Company. 

The Paying Agent will promptly mail to each Holder of Notes of this series properly tendered the purchase price for the Notes of this series
(or make payment through the Depositary), and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note of this series equal in principal amount to any unpurchased portion of any Notes of
this series surrendered; provided, however, that each new Note of this series will be in a minimum principal amount of $200,000 and integral multiples of $1,000 in excess thereof. 

The Company will not be required to make an offer to repurchase the Notes of this series issued by it upon a Change of Control Repurchase
Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes of this series properly tendered and not withdrawn
under its offer. 
 “Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger, scheme of arrangement,
amalgamation or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Guarantor and its subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of
the Securities Exchange Act) other than to the Guarantor, a Qualified Holding Company and/or one of their respective subsidiaries; 
 (2) the
consummation of any transaction (including, without limitation, any merger, scheme of arrangement, amalgamation or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Securities
Exchange Act) (other than a subsidiary of the Guarantor) becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act), directly
or indirectly, of more than 50% of the combined voting power of the Guarantor’s Voting Stock or other Voting Stock into which the Guarantor’s Voting Stock is reclassified, consolidated, exchanged or changed measured by voting power rather
than number of shares; or 

  
 B-13 

 (3) the Guarantor consolidates with, or merges with or into, or enters into a scheme of
arrangement with or amalgamates with, any “person” (as that term is used in Section 13(d)(3) of the Securities Exchange Act), or any person consolidates with, or merges with or into, or enters into a plan or arrangement with, the
Guarantor, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Guarantor or such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where
the shares of the Voting Stock of the Guarantor outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of
the surviving person immediately after giving effect to such transaction. 
 Notwithstanding the foregoing, a Permitted Reorganization shall
be deemed not to involve a Change of Control. 
 “Change of Control Repurchase Event” means the circumstance where each of
the Rating Agencies has reduced its rating of the Notes of this series by one or more gradations (including gradations within rating categories as well as between rating categories) on any date during the
60-day period (which period shall be extended so long as the rating of this series of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) (the
“Trigger Period”) after the earlier of (1) the occurrence of a Change of Control; and (2) public notice of the intention by the Guarantor to effect a Change of Control; provided, however, that a Change of
Control Repurchase Event shall be deemed not to have occurred if (A) a Rating Agency that has reduced its rating of the Notes of this series by one or more gradations (including gradations within rating categories as well as between rating
categories) during the Trigger Period does not announce or publicly confirm or inform the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance comprised from or arising
as a result of the applicable Change of Control (regardless of whether that Change of Control shall then have occurred) or (B) a rating of the Notes of this series by one of the Rating Agencies is within the Trigger Period subsequently upgraded
to a credit rating gradation not less than that at the commencement of such 60-day period. Notwithstanding the foregoing, a Change of Control Repurchase Event will be deemed not to have occurred in connection
with any particular Change of Control unless and until such Change of Control has actually been consummated. Any change in the outlook of a rating will not constitute a change in gradation. 

“Fitch” means Fitch Ratings, Inc. and its successors. 

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 

  
 B-14 

 “Permitted Reorganization” means a transaction or a series of related
transactions in which (1) the Guarantor becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are
substantially the same as the holders of the Guarantor’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction, no “person” (as that term is used in Section 13(d)(3) of the
Securities Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Qualified Holding Company” means a holding company of which the Guarantor becomes a direct or indirect wholly-owned
subsidiary pursuant to a Permitted Reorganization, and its successors and assigns. 
 “Rating Agency” means each of Fitch,
Moody’s and S&P; provided, however, that if any of Fitch, Moody’s or S&P ceases to rate the Notes of this series or fails to make a rating of the Notes of this series publicly available for reasons outside of the
Guarantor’s control, the Guarantor may select (as certified by a resolution of the Guarantor’s board of directors) a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the
Securities Exchange Act, as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its
successors. 
 “Voting Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the
Securities Exchange Act) as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

Neither the Company nor the Guarantor shall consolidate with or merge into any other corporation or convey or transfer its properties and
assets substantially as an entirety to any Person, unless: 
 (1) either the Company or the Guarantor shall be the continuing corporation, or
the corporation formed by such consolidation or into which the Company or the Guarantor is merged or the Person which acquires by conveyance or transfer the properties and assets of the Company or the Guarantor substantially as an entirety (or in
the case of any conveyance or transfer of the properties and assets of the Guarantor substantially as an entirety to a Qualified Holding Company and/or any direct or indirect wholly-owned subsidiary of a Qualified Holding Company in connection with
a Permitted Reorganization, such Qualified Holding Company) shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee acting reasonably, in the case of the Company, the due and
punctual payment of the principal of (and premium, if any) and interest, if any, on all the Notes and the performance of every covenant of the Indenture on the part of the Company to be performed or observed, and, in the case of the Guarantor, the
due and punctual performance of the Guarantee and the performance or observance of every covenant of the Indenture on the part of the Guarantor to be performed or observed; 

  
 B-15 

 (2) immediately after giving effect to such transaction, no Default or Event of Default
shall have occurred and be continuing; and 
 (3) the Company or such Person shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance or transfer and such supplemental indenture comply with these provisions and that all conditions precedent provided for in the Indenture relating to such
transaction have been complied with. 
 The above paragraph shall only apply to a merger or consolidation in which the Company or the
Guarantor, as the case may be, is not the surviving corporation and to conveyances and transfers by the Company or the Guarantor, as the case may be, as transferor. 

Upon any consolidation or merger, or any conveyance or transfer of the properties and assets of the Company or the Guarantor, as the case may
be, substantially as an entirety to any Person in accordance with the preceding paragraphs, the successor Person formed by such consolidation or into which the Company or the Guarantor is merged or to which such conveyance or transfer is made (or in
the case of any such conveyance or transfer to a Qualified Holding Company and/or any direct or indirect wholly-owned subsidiary of a Qualified Holding Company in connection with a Permitted Reorganization, such Qualified Holding Company) shall
succeed to, and be substituted for, and may exercise every right and power of, the Company or the Guarantor under the Indenture with the same effect as if such successor Person had been named as the Company or the Guarantor, as the case may be, in
the Indenture; and in the event of any such conveyance or transfer, the Company or the Guarantor, as the case may be, shall be discharged from all obligations and covenants under the Indenture and the Notes and the coupons, or the Guarantee, as the
case may be, and may be dissolved and liquidated. 
 The Indenture contains provisions for defeasance at any time of the entire indebtedness
on this Note upon compliance by the Company with certain conditions set forth thereon, which provisions apply to this Note. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company or the Guarantor and the rights of the Holders of the Notes 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 Notes at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders
of specified percentages in principal amount of the Notes of each series at the time Outstanding, on behalf of the Holders of all Notes of such series to waive compliance by the Company or the Guarantor with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note 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 Note. 

  
 B-16 

 As set forth in, and subject to, the provisions of the Indenture, no Holder of any Note of
this series or any related coupon shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (i) such Holder
has previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes of this series; (ii) the Holders of not less than 25% in principal amount of the Outstanding Notes of this series shall have made
written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee; (iii) such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to the Trustee against the costs,
expenses and liabilities to be incurred in compliance with such request; (iv) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and (v) no direction
inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Notes of this series; it being understood and
intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of the Indenture to affect, disturb or prejudice the rights of any other such Holders, or to obtain or to seek to
obtain priority or preference over any other of such Holders or to enforce any right under the Indenture, except in the manner provided in the Indenture and for the equal and ratable benefit of all such Holders of Notes of this series. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, or
the Guarantor which is absolute and unconditional, to pay the principal of, and interest, if any, on this Note at the time, place and rate, and in the coin or currency, herein prescribed or to convert this Note as provided in the Indenture. 

No service charge shall be made for any registration of transfer or exchange of Notes of this series, but the Company, the Guarantor, or the
Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, as provided in the Indenture. 

Prior to due presentation of this Note 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 Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Company, the Guarantor, the Trustee, or any such agent shall be affected
by notice to the contrary. None of the Company, the Guarantor, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests of a Note in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. Nothing shall prevent the Company, the Guarantor, the Trustee or any agent of the Company, the
Guarantor or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any depositary, as a Holder, with respect to such Global Note or impair, as between such depositary and owners of beneficial
interests in such Global Note, the operation of customary practices governing the exercise of the rights of such depositary (or its nominee) as Holder of such Global Note. 

This Note shall be governed by and construed in accordance with the laws of the State of New York. 

  
 B-17 

 Unless otherwise defined herein, all terms used in this Note which are defined in the
Indenture shall have the meanings assigned to them in the Indenture or the 301 Officers’ Certificate. To the extent any provision of this Note conflicts with the express provisions of the Indenture (except as otherwise specified in the 301
Officers’ Certificate), the provisions of the Indenture shall govern and be controlling. 

  
 B-18 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to the Change of Control Repurchase Event provisions of this Note,
check the following box: 
 ☐  Purchase pursuant to Change of Control Repurchase Event 

If you want to elect to have only part of this Note purchased by the Company pursuant to the Change of Control Repurchase Event provisions of
this Note, state the amount: 
  

							
	$	  	  
	  		  	
				
	Date:	  	  
	  		  	Your
Signature:                                       
                                         

		  		  		  	(Sign exactly as your name appears on the other side of the Note)
			
		  	Signature Guarantee:	  	  

		  		  	Signature must be guaranteed by a participant in a recognized signature guarantee medallion program or other signature guarantor acceptable to the Trustee.

  
 B-19 

 SCHEDULE OF PRINCIPAL AMOUNT 

The initial principal amount of this Note shall be $[•]. The following decreases/increases in the principal amount of this Note have been
made: 
  

									
	 Date of

Decrease/Increase
	 	 Decrease in

Principal

Amount
	 	 Increase in

Principal

Amount
	  	 Total Principal

Amount
 Following
such
 Decrease/Increase
	  	 Notation Made

by or on Behalf of
Trustee

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

					
		 		 		  		  	
					
	  
	 	  
	 	  
	  	  
	  	  

  
 B-20

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