Form of Unit Certificate.



 Exhibit 4.5 
 



 
 016570| 003590|127C|RESTRICTED||4|057-423 Certificate Evidencing Common
Units Representing Member Interests in Constellation Energy Partners LLC THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA AND NEW YORK, NY Constellation Energy Partners LLC CONSTELLATION ENERGY PARTNERS LLC Certificate Number ZQ 000000 CONSTELLATION
ENERGY PARTNERS LLC Common Units * * 6 0 0 6 2 0 * * * * * * * * * 6 0 0 6 2 0 * * * * * * * * * 6 0 0 6 2 0 * * * * * * * * * 6 0 0 6 2 0 * * * * * * * * * 6 0 0 6 2 0 * * LLC,In as accordance amended, supplemented with Section 4.1 or of restated
the Second from time Amended to time and (the Restated “Company Operating Agreement”), Agreement Constellation of Constellation Energy Energy Partners Partners LLC, a Delaware limited liability company (the “Company”), HEREBY
CERTIFIES THAT ** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.
Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
SampleMR.**** Mr. AlexanderSAMPLEDavid Sample **** Mr. Alexander David&SampleMRS.**** Mr. Alexander DavidSAMPLESample **** Mr. Alexander David &Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander
David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. AlexanderMR.David SampleSAMPLE**** Mr. Alexander David Sample &**** Mr. AlexanderMRS.David
Sample ****SAMPLEMr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.
Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample
**** Mr. Sample **** Mr. Sample CUSIP 21038E 10 1 SEE REVERSE FOR CERTAIN DEFINITIONS (the “Holder”) is the registered owner of **600620**Units****600620**Units****600620**Units****600620**Units****
600620**Units****600620**Units****600620**Units****600620**Units****600620**Units* ***600620 **Units****600620**Units****600620**Units****600620**Units****600620** Units****600620**Units****600620**Units****600620**Units****600620**Units
****600620**Units****600620**Units****600620**Units****600620**Units**** 600620**Units****600620**Units****600620**Units****600620**Units****600620** Unit s****600620**Units****600620**Units****600620**Units****
600620**Units****600620**Units****600620**Units****600620**Units****600620**Units****600620**Uni * * * SIX HUNDRED THOUSAND ts****600620**Units****600620**Units****600620**Units****
600620**Units****600620**Units****600620**Units****600620**Units**** 600620**Units****600620**Un its****600620**Units***600620**Units****600620**Units****600620**
Units****600620**Units****600620**Units****600620**Units****600620**Units****600620**Uni ts****600620**Units****600620**Units****600620**Units****600620** Units****600620**Units****600620**Units****600620**Units****600620** Units****600620**Un
its****600620**Units****600620**Units****600620**Units****600620** Units****600620**Units****600620**Units****600620**Units****600620** Units****600620**U nits****600620**Units****600620**Units****600620**Units****600620**
Units****600620**Units****600620**Units****600620**Units****600620**Units****600620** SIX HUNDRED AND TWENTY* * * Units****600620**Units****600620**Units****600620**Units****600620**
Units****600620**Units****600620**Units****600620**Units****600620** Units****600620* *Units****600620**Units****600620**Units****600620**Units****600620** Units****600620**Units****600620**Units****600620**Units****600620** Units****600620 Common
Units representing Class B Interests in the Company (the “Units”) transferable on the books of the Company, in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. The rights, preferences and
limitations of the Units are set forth in, and this Certificate and the Units represented hereby are issued and shall in all respects be subject to the terms and provisions of, the Company Agreement. Copies of the Company Agreement are on file at,
and will be furnished without charge on delivery of written request to the Company at, the principal office of the Company located at 111 Market Place, Baltimore, Maryland 21202 or such other address as may be specified by notice under the Company
Agreement. Capitalized terms used herein but not defined shall have the meanings given them in the Company Agreement. The Holder, by accepting this Certificate, is deemed to have (i) requested admission as, and agreed to become, a Member and to have
agreed to comply with and be bound by and to have executed the Company Agreement, (ii) represented and warranted that the Holder has all right, power and authority and, if an individual, the capacity necessary to enter into the Company Agreement,
(iii) granted the powers of attorney provided for in the Company Agreement, and (iv) made the waivers and given the consents and approvals contained in the Company Agreement. This Certificate shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without regard to principles of conflict of laws thereof. THE HOLDER OF THIS SECURITY ACKNOWLEDGES FOR THE BENEFIT OF THE COMPANY THAT THIS SECURITY MAY NOT BE SOLD, OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED IF SUCH TRANSFER WOULD VIOLATE THE THEN APPLICABLE FEDERAL OR STATE SECURITIES LAWS OR RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER GOVERNMENTAL AUTHORITY WITH JURISDICTION
OVER SUCH TRANSFER. THE COMPANY MAY IMPOSE ADDITIONAL RESTRICTIONS ON THE TRANSFER OF THIS SECURITY IF IT RECEIVES AN OPINION OF COUNSEL THAT SUCH RESTRICTIONS ARE NECESSARY TO AVOID A SIGNIFICANT RISK OF ANY GROUP MEMBER BECOMING TAXABLE AS A
CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE RESTRICTIONS SET FORTH ABOVE SHALL NOT PRECLUDE THE SETTLEMENT OF ANY TRANSACTIONS INVOLVING THIS SECURITY ENTERED INTO THROUGH THE FACILITIES OF ANY
NATIONAL SECURITIES EXCHANGE ON WHICH THIS SECURITY IS LISTED OR ADMITTED TO TRADING. This Certificate shall not be valid for any purpose unless it has been countersigned and registered by the Transfer Agent and Registrar. DATED > COUNTERSIGNED
AND REGISTERED: COMPUTERSHARE INVESTOR SERVICES, LLC TRANSFER AGENT AND REGISTRAR, Chief Executive Officer, President and Manager Secretary By AUTHORIZED SIGNATURE SECURITY INSTRUCTIONS ON REVERSE Constellation Energy Partners LLC MR A SAMPLE
DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 PO BOX 43004, Providence, RI 02940-3004 CUSIP XXXXXX XX X Holder ID XXXXXXXXXX Insurance Value 1,000,000.00 Number of Shares 123456 DTC 12345678 123456789012345 Certificate Numbers Num/No Denom. . Total
1234567890/1234567890 11 1 1234567890/1234567890 22 2 1234567890/1234567890 33 3 1234567890/1234567890 44 4 1234567890/1234567890 55 5 1234567890/1234567890 66 6 Total Transaction 7 







 



 
 ABBREVIATIONS The following abbreviations, when used in the inscription on
the face of this Certificate, shall be construed as follows according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT- Custodian (Cust) (Minor) TEN ENT - as tenants by the entireties under Uniform Gifts to Minors
Act (State) JT TEN - as joint tenants with right of survivorship UNIF TRF MIN ACT Custodian (until age. ) and not as tenants in common (Cust) (Minor) under Uniform Transfers to Minors Act. (State) Additional abbreviations may also be used though not
in the above list. ASSIGNMENT OF UNITS IN CONSTELLATION ENERGY PARTNERS LLC PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE For value received, hereby assigns, conveys, sells and transfers unto (PLEASE PRINT OR TYPEWRITE NAME
AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) Units representing Member Interests evidenced by this Certificate, subject to the Company Agreement, and does hereby irrevocably constitute and appoint as its attorney-in-fact with full power of
substitution to transfer the same on the books of Constellation Energy Partners LLC. Dated: 20 Signature: Signature: Note: The signature to any endorsement hereon must correspond with the name as written upon the face of this Certificate in every
particular, without alteration, enlargement or change. No transfer of the Units evidenced hereby will be registered on the books of the Company, unless the Certificate evidencing the Units to be transferred is surrendered for registration of
transfer. THE SIGNATURE(S) Signature(s) MUST BE GUARANTEED Guaranteed: BY Medallion AN ELIGIBLE Guarantee GUARANTOR Stamp INSTITUTION (BANKS, AN STOCKBROKERS, APPROVED SIGNATURE SAVINGS GUARANTEE AND LOAN ASSOCIATIONS MEDALLION PROGRAM), AND CREDIT
PURSUANT UNIONS WITH TO S. E. MEMBERSHIP C. RULE 17d-15 IN SECURITY INSTRUCTIONS THIS IS WATERMARKED PAPER DO NOT ACCEPT WITHOUT NOT ING WATERMARK HOLD TO LIGHT TO VERIFY WATERMARK 1534267