Form of Unit Certificate


EXHIBIT 4.4 


UNIT CERTIFICATE

	
  
 
  	
  
NO. NUVMU-
  	
  
UNITS
  




	
  
 
  	
  
CUSIP
  
	
  
 
  	
  
SEE   REVERSE FOR CERTAIN DEFINITIONS
  




NUVIM, INC.


[NuVim Logo]


INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE


EACH UNIT CONSISTING OF TWO SHARES


OF COMMON STOCK, PAR VALUE $0.00001 PER SHARE,


TWO REDEEMABLE CLASS A WARRANTS AND


TWO NON-REDEEMABLE CLASS B WARRANTS


THIS CERTIFIES THAT


or registered assigns (the “Registered Holder”) is the owner of the number of Units specified above, each of which consists of two shares of common stock, par value $0.0001 per share, of NuVim, Inc. (the “Common Stock”), two redeemable Class A warrants, and two nonredeemable Class B warrants, each warrant to purchase one share of Common Stock (collectively, the “Warrants”). On or prior to the Separation Time (as defined herein), the securities evidenced by this certificate may be combined, exchanged or transferred only as Units, and the Common Stock and Warrants evidenced by this Certificate may not be split up, exchanged or traded separately. The Units may separate into shares of Common Stock and Warrants as of the close of business on                              , 2005 [thirty days after the
consummation of the initial public offering of Units], or at any time after that date, in the discretion of Paulson Investment Company, Inc. (the “Separation Time”). The shares of Common Stock and the Warrants comprising the Units shall be separately tradeable commencing on the first day after the Separation Time on which The Nasdaq SmallCap Market is open for trading. The Warrants comprising part of the Units are issued under and pursuant to a certain Warrant Agreement dated as of                           , 2005  (the “Warrant Agreement”), between NuVim, Inc. and American Stock Transfer & Trust Company, as Warrant Agent (the “Warrant Agent”), and are subject to the terms and provisions contained therein and on the face of the certificates covered thereby, to all of which terms and provisions the holder of this Unit Certificate
consents by acceptance hereof. The Warrant Agreement provides for adjustment in the number of shares of Common Stock to be delivered upon the exercise of Warrants evidenced hereby and to the exercise price of such Warrants in certain events therein set forth. Subject to the foregoing, the number of Class A Warrants, Class B Warrants, and the number of shares of Common Stock comprising the Units are equal.


Copies of the Warrant Agreement are available for inspection at the stock transfer office of the Warrant Agent and Registrar or may be obtained upon written request addressed to NuVim, Inc. at 12 North State Route 17, Suite 210, Paramus, New Jersey 07652, Attention: Chief Financial Officer.


This Unit Certificate is not valid unless countersigned by the Warrant Agent and Registrar of the Company.


IN WITNESS WHEREOF, NuVim, Inc. has caused this Unit Certificate to be duly executed manually or in facsimile by two of its officers thereunto duly authorized.


Dated:







	
  
 
  	
  
NUVIM, INC.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  


  
	
   
  	
  
 
  	
  
Chairman   of the Board and Chief Executive Officer
  
	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
Attest:
  	
  
 
  
	
  
 
  	
  
 
  	
  


  
	
  
 
  	
  
 
  	
  
Secretary
  




	
  


  	
  
 
  
	
  
Countersigned
  	
  
 
  



 


American Stock Transfer & Trust Company


Transfer Agent and Registrar and Warrant Agent


59 Maiden Lane
 Plaza Level
 New York, NY 10038

	
  
By:
  	
  


  	
  
 
  
	
  
 
  	
  
Authorized   Signature
  	
  
 
  




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NUVIM, INC.


The Registered Holder hereby is entitled, at any time after the Separation Time (as defined on the face hereof) to exchange the Units represented by this Unit Certificate for Common Stock Certificate(s) representing two shares of Common Stock for each Unit represented by this Unit Certificate, and Warrant Certificate(s) representing two redeemable Class A Warrants for each Unit represented by this Unit Certificate, and two nonredeemable Class B Warrants for each unit represented by this Unit Certificate, upon surrender of this Unit Certificate to the Warrant Agent and Registrar together with any documentation required by such agent.


REFERENCE IS MADE TO THE WARRANT AGREEMENT REFERRED TO ON THE FACE HEREOF, AND THE PROVISIONS OF SUCH WARRANT AGREEMENT SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH ON THE FACE OF THIS CERTIFICATE. COPIES OF THE WARRANT AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST FROM THE WARRANT AGENT AND REGISTRAR, AMERICAN STOCK TRANSFER & TRUST COMPANY.


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
  
	
  
TEN ENT –
  	
  
as tenants   by the entireties
  
	
  
JT TEN –
  	
  
as joint   tenants with rights of survivorship and not as tenants in common
  




	
  
UNIF GIFT MIN ACT
  	
  
—
  	
   
 	
   
 	
   
 	
  
Custodian
  	
   
 	
   
 
	
   
  	
   
 	
   
 	
  


  	
   
 	
   
 	
   
 	
  


  
	
  
 
  	
   
 	
   
 	
  
(Cust)
  	
   
 	
   
 	
   
 	
  
(Minor)
  
	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  
under   Uniform Gifts to Minors Act
  	
   
 	
   
 	
   
 	
   
 
	
   
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  


  	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  
(State)
  	
   
 	
   
 	
   
 	
   
 




	
  
UNIF TRF MIN ACT
  	
  
—
  	
   
 	
   
 	
   
 	
  
Custodian
  	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  


  	
   
 	
   
 	
   
 	
  


  
	
   
  	
   
 	
   
 	
  
(Cust)
  	
   
 	
   
 	
   
 	
  
(Minor)
  
	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  
under   Uniform Transfers to Minors Act
  	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  


  	
   
 	
   
 	
   
 	
   
 
	
  
 
  	
   
 	
   
 	
  
(State)
  	
   
 	
   
 	
   
 	
   
 




Additional abbreviations may also be used though not in the above list. 


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FORM OF ASSIGNMENT


(TO BE SIGNED ONLY UPON ASSIGNMENT)


FOR VALUE RECEIVED, _______________________________________________________________________


hereby sell(s), assign(s), and transfer(s) unto


(PLEASE INSERT SOCIAL SECURITY 
 OR OTHER IDENTIFYING NUMBER
 OF ASSIGNEE) 

	
  


  	
  
 
  
	
  
 
  	
  
 
  
	
  


  	
  
 
  




	
  


  
	
  
 
  
	
  
 
  
	
  


  
	
  
(PLEASE   PRINT NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
  




_________________________________________________________________________________________________  Shares of the Units represented by the within Certificate, and do(es) hereby irrevocably constitute and appoint  ______________________________________________________________________________  Attorney to transfer the said Units on the books of the within named Corporation with full power of substitution in the premises.


          Dated:

	
  


  	
   
  
	
  (Signature must conform in   all respects to the name of Registered Holder as specified on the face of   this Warrant Certificate in every particular, without alteration or any   change whatsoever, and the signature must be guaranteed in the usual manner.)
  	
   
  



Signatures Guaranteed:

	
  


  	
   
  
	
  The   signatures should be guaranteed by an eligible institution (banks,   stockbrokers, savings and loan association and credit unions with membership   in an approved signature medallion program), pursuant to S.E.C. Rule 17Ad-15.
  	
   
  



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