Unassociated Document


     

    
      	NUMBER	
            	
              SHARES

            
	_____C	 	
            


    

              

                                        

     

    KOREA
      MILESTONE ACQUISITION CORPORATION

     

    INCORPORATED
      UNDER THE LAWS OF THE CAYMAN ISLANDS

     

    ORDINARY
      SHARES

     

    SEE
      REVERSE FOR

    CERTAIN
      DEFINITIONS

     

    


    
       

      
        	
                This
                  Certifies
                  that____________________________________________________________ 

                 

                 

                 

                is
                  the owner
                  of_______________________________________________________________

              	CUSIP XXXXXX
                XXX


      

        

    

     

     

    FULLY
      PAID AND NON-ASSESSABLE ORDINARY SHARES OF THE PAR VALUE OF $.0001 EACH
      OF

     

    KOREA
      MILESTONE ACQUISITION CORPORATION

     

    transferable
      on the books of the Corporation in person or by duly authorized attorney upon
      surrender of this certificate properly endorsed. This certificate is not valid
      unless countersigned by the Transfer Agent and registered by the Registrar.
      Witness the facsimile seal of the Corporation and the facsimile signatures
      of
      its duly authorized officers.

     

    Dated:

     

    
      	
               

              By:__________________________________

              Sang
                Chul-Kim, CHAIRMAN

            	
              KOREA
                MILESTONE ACQUISITION CORPORATION

              CAYMAN
                ISLANDS

              SEAL

              2008

            	
               

              By:__________________________________

              Soo
                Hyung Lee, SECRETARY

            


    

    


    CONTINENTAL
      STOCK & TRANSFER COMPANY,

    as
      transfer agent and registrar

    


    By:_______________________________

    Steven
      Nelson, Chairman 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    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 right
          of survivorship under Uniform Gifts to Minors Act of
          ______________________

                          and
          not
          as tenants in common 

      

       

    

     

     

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

     

    KOREA
      MILESTONE ACQUISITION CORPORATION

     

    The
      Company will furnish without charge to each shareholder who so requests the
      powers, designations, preferences and relative, participating, optional or
      other
      special rights of each class of shares or series thereof of the Company and
      the
      qualifications, limitations, or restrictions of such preferences and/or rights.
      This certificate and the ordinary shares represented thereby are issued and
      shall be held subject to all the provisions of the Memorandum and Articles
      of
      Association and all amendments thereto and resolutions of the Board of Directors
      providing for the issue of preferred shares (copies of which may be obtained
      from the secretary of the Company), to all of which the holder of this
      certificate by acceptance hereof assents.

     

    For
      value received, ___________________________ hereby sell, assign and transfer
      unto

    


    PLEASE
      INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING
      NUMBER OF ASSIGNEE

    ______________________________

    
       

    

    


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

            
	 
	 
	 
	 	shares
	 	 
	 	 
	of the capital stock
              represented by the within Certificate, and do hereby irrevocably
              constitute and appoint
	 
	 
	 	Attorney
	to transfer the said stock on the
              books
              of the within named Corporation with full power of substitution in
              the
              premises.	 


    

     

    


    Dated
      ____________________    

     

     

    
      	 	 	 
	 	
              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) SHOULD 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).

    


    The
      holder of this certificate shall be entitled to receive funds from the trust
      account only in the event of the Corporation’s liquidation upon failure to
      consummate a business combination or if the holder seeks to convert his
      respective shares into cash upon a business combination which he voted against
      and which is actually completed by the Corporation. In no other circumstances
      shall the holder have any right or interest of any kind in or to the trust
      account.