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NUMBER [PRIMUS GUARANTY, LTD. LOGO] SHARES
---------------------- INCORPORATED UNDER THE LAWS OF BERMUDA ----------------------
PRS
---------------------- ----------------------
COMMON SHARES COMMON SHARES
THIS CERTIFICATE IS TRANSFERABLE IN
XXXXXXXXXX XXXX, XX XX XXX XXXX, XX
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THIS CERTIFIES THAT SEE REVERSE
FOR CERTAIN
DEFINITIONS
IS THE REGISTERED HOLDER OF
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FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $ EACH OF THE CAPITAL OF
Primus Guaranty, Ltd. (hereinafter called the "Company"), transferable on the books of the
Company by the holder hereof in person or by duly authorized attorney, upon surrender of this
certificate properly endorsed. This certificate is not valid until countersigned by the Transfer
Agent and registered by the Registrar.
COUNTERSIGNED AND REGISTERED:
MELLON INVESTOR SERVICES LLC
TRANSFER AGENT
AND REGISTRAR,
By
AUTHORIZED SIGNATURE
COMMON SHARE CERTIFICATE
Witness, the seal of the Company and the signatures of its duly authorized officers.
Dated
/s/ Xxxxxx X. Xxxxxx [PRIMUS GUARANTY, LTD. /s/ Xxxxxxx X. Xxxxxxxx, Xx.
CHIEF EXECUTIVE OFFICER CORPORATE SEAL CHAIRMAN OF THE BOARD
BERMUDA 1998]
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AMERICAN BANK NOTE COMPANY.
PRIMUS GUARANTY, LTD.
------
The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:
TEN COM - as tenants in common UNIF GIFT MIN ACT- Custodian
TEN ENT - as tenants by the ---------- --------
entireties (Cust) (Minor)
JT TEN - as joint tenants with under Uniform Gifts to Minors
right of survivorship Act
and not as tenants --------------
in common (State)
Additional abbreviations may also be used though not in the above list.
For value received, hereby sell, assign and transfer unto
---------------
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
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shares
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represented by the within Certificate, and do hereby irrevocably constitute and
appoint
Attorney
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to transfer the said shares on the books of the within named Company with full
power of substitution in the premises.
Dated
--------------------------------
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NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND
WITH THE NAME AS WRITTEN UPON THE FACE OF THE
CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION
OR ENLARGEMENT OR ANY CHANGE WHATEVER.
SIGNATURE(S) GUARANTEED:
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THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS
AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP
IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),
PURSUANT TO S.E.C. RULE 17Ad-15.
THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE ISSUED AND SHALL BE HELD
SUBJECT TO ALL THE PROVISIONS OF THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS OF
THE COMPANY, COPIES OF WHICH ARE ON FILE WITH THE TRANSFER AGENT, AND SHALL BE
TRANSFERABLE IN ACCORDANCE THEREWITH, TO ALL OF WHICH THE HOLDER BY ACCEPTANCE
HEREOF ASSENTS.
