Face of Certificate - CAMDEN LEARNING CORPORATION] (SEE REVERSE SIDE FOR LEGEND)
Exhibit
4.3
[Face
of
Certificate - CAMDEN LEARNING CORPORATION]
(SEE
REVERSE SIDE FOR LEGEND)
W
WARRANTS
(THIS
WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 5:00 P.M. NEW YORK CITY
TIME,______________,
2011)
CAMDEN
LEARNING CORPORATION
CUSIP
________
WARRANT
THIS
CERTIFIES THAT, for value received
is
the
registered holder of
a
Warrant
or Warrants expiring ______________, 2011
(the
“Warrant”) to purchase one fully paid and non-assessable share of Common Stock,
par value $.0001 per share (the “Shares”), of CAMDEN LEARNING CORPORATION, a
Delaware corporation (the “Company”), for each Warrant evidenced by this Warrant
Certificate. The Warrant entitles the holder thereof to purchase from the
Company, commencing on the later of (i) the Company’s completion of a business
combination with a target business or (ii) __________, 2007,
such number of Shares of the Company at the price of $6.00 per share, upon
surrender of this Warrant Certificate and payment of the Warrant Price at the
office or agency of the Warrant Agent, Continental Stock Transfer & Trust
Company (such payment to be made by check made payable to the Warrant Agent),
but only subject to the conditions set forth herein and in the Warrant Agreement
between the Company and Continental Stock Transfer & Trust Company. In no
event shall the registered holder of this Warrant be entitled to receive a
net-cash settlement, shares of common stock or other consideration in lieu
of
physical settlement in Shares of the Company. The Warrant Agreement provides
that, upon the occurrence of certain events, the Warrant Price and the number
of
Warrant Shares purchasable hereunder, set forth on the face hereof, may, subject
to certain conditions, be adjusted. The term Warrant Price as used in this
Warrant Certificate refers to the price per Share at which Shares may be
purchased at the time the Warrant is exercised.
This
Warrant may expire on the date first above written if it is not exercised prior
to such date by the registered holder pursuant to the terms of the Warrant
Agreement or if it is not redeemed by the Company prior to such
date.
No
fraction of a Share will be issued upon any exercise of a Warrant. If, upon
exercise of a Warrant, a holder would be entitled to receive a fractional
interest in a Share, the Company will, upon exercise, round up to the nearest
whole number the number of shares of common stock to be issued to the warrant
holder.
Upon
any
exercise of the Warrant for less than the total number of full Shares provided
for herein, there shall be issued to the registered holder hereof or his
assignee a new Warrant Certificate covering the number of Shares for which
the
Warrant has not been exercised.
Warrant
Certificates, when surrendered at the office or agency of the Warrant Agent
by
the registered holder hereof in person or by attorney duly authorized in
writing, may be exchanged in the manner and subject to the limitations provided
in the Warrant Agreement, but without payment of any service charge, for another
Warrant Certificate or Warrant Certificates of like tenor and evidencing in
the
aggregate a like number of Warrants.
Upon
due
presentment for registration of transfer of the Warrant Certificate at the
office or agency of the Warrant Agent, a new Warrant Certificate or Warrant
Certificates of like tenor and evidencing in the aggregate a like number of
Warrants shall be issued to the transferee in exchange for this Warrant
Certificate, subject to the limitations provided in the Warrant Agreement,
without charge except for any applicable tax or other governmental
charge.
The
Company and the Warrant Agent may deem and treat the registered holder as the
absolute owner of this Warrant Certificate (notwithstanding any notation of
ownership or other writing hereon made by anyone) for the purpose of any
exercise hereof, of any distribution to the registered holder, and for all
other
purposes, and neither the Company nor the Warrant Agent shall be affected by
any
notice to the contrary.
This
Warrant does not entitle the registered holder to any of the rights of a
stockholder of the Company.
The
Company reserves the right to call the Warrant at any time prior to its
exercise, with a notice of call in writing to the holders of record of the
Warrant, giving 30 days’ notice of such call at any time after the Warrant
becomes exercisable if the last sale price of the Shares has been at least
$11.50 per share on each of 20 trading days within a 30 trading day period
ending on the third business day prior to the date on which notice of such
call
is given. The call price of the Warrants is to be $.01 per Warrant. Any Warrant
either not exercised or tendered back to the Company by the end of the date
specified in the notice of call shall be canceled on the books of the Company
and have no further value except for the $.01 call price.
COUNTERSIGNED:
CONTINENTAL
STOCK TRANSFER & TRUST COMPANY
WARRANT
AGENT
BY:
AUTHORIZED
OFFICER
DATED:
(Signature)
CHIEF
EXECUTIVE OFFICER
(Seal)
(Signature)
SECRETARY
[Reverse
of Certificate]
SUBSCRIPTION
FORM
To
Be
Executed by the Registered Holder in Order to Exercise Warrants
The
undersigned Registered Holder irrevocably elects to exercise _________ Warrants
represented by this Warrant Certificate, and to purchase the shares of Common
Stock issuable upon the exercise of such Warrants, and requests that
Certificates for such shares shall be issued in the name of
_________________________________________________________________________________________________________________________
(PLEASE
TYPE OR PRINT NAME AND ADDRESS)
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________
(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)
(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)
and be delivered to |
______________________________________________________________________________________________________________________
|
(PLEASE
PRINT OR TYPE NAME AND ADDRESS)
_________________________________________________________________________________________________________________________
and,
if
such number of Warrants shall not be all the Warrants evidenced by this Warrant
Certificate, that a new Warrant Certificate for the balance of such Warrants
be
registered in the name of, and delivered to, the Registered Holder at the
address stated below:
Dated:
_____________________
(SIGNATURE)
_____________________
(ADDRESS)
_____________________
_____________________
(TAX
IDENTIFICATION NUMBER)
THE
SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE
NAME
WRITTEN UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED
BY A
COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK
EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK
EXCHANGE.
ASSIGNMENT
To
Be
Executed by the Registered Holder in Order to Assign Warrants
For
Value
Received,_____________________hereby sell, assign, and transfer
unto
_____________________________________________________
(PLEASE
TYPE OR PRINT NAME AND ADDRESS)
_____________________________________________________
_____________________________________________________
_____________________________________________________
(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)
and
be
delivered to _____________________________________________________
(PLEASE
PRINT OR TYPE NAME AND ADDRESS)
of
the
Warrants represented by this Warrant Certificate, and hereby irrevocably
constitute and
appoint________________________________Attorney
to transfer this Warrant Certificate on the books of the Company, with full
power of substitution in the premises.
Dated:
_____________________________
(SIGNATURE)
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:
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).