FORM OF D&O RIGHT TO ACQUIRE D&O WARRANTS OF NORTH AMERICAN INSURANCE LEADERS, INC. -------------------------------------- (Incorporated under the Laws of the State of Delaware)D&o Right to Acquire D&o Warrants • March 15th, 2006 • North American Insurance Leaders, Inc. • Blank checks
THIS CERTIFIES THAT, for value received and subject to the terms and conditions set forth below and in the Share Purchase & Sale, D&O Rights and Company Call Right Agreement (as defined below), _________________, the holder of this Certificate, is the registered holder of ____ rights (each, a "D&O Right" and collectively, the "D&O Rights"), each of which entitles the Holder to acquire up to three (3) warrants (each, a "D&O Warrant" and collectively, the "D&O Warrants") to purchase (1) non-assessable share, par value $0.0001 per share, of the Common Stock of NORTH AMERICAN INSURANCE LEADERS, INC. (the "Corporation") at $6.00 per share.
