Form of Right Certificate



 EXHIBIT 4.2 
  

Exhibit A 
  
 Form of Right Certificate 
  

																	
	 Certificate No. R
	 	 	 	 	 	 	 	 	 	 	 	  Rights

  
 NOT EXERCISABLE AFTER
AUGUST 4, 2014, OR EARLIER IF REDEMPTION OR EXCHANGE OCCURS. THE RIGHTS ARE SUBJECT TO REDEMPTION AT $.001 PER RIGHT AND TO EXCHANGE ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT 
  
 Right Certificate 
  
 Internet America, Inc 
  
 This certifies that
                                    , or registered assigns,
is the registered owner of the number of Rights set forth above, each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement, dated as of August 9, 2004 (the “Rights Agreement”),
between Internet America, Inc., a Texas corporation (the “Company”), and American Stock Transfer & Trust Company, a
                     company (the “Rights Agent”), to purchase from the Company at any time after the Distribution Date (as such
term is defined in the Rights Agreement) and prior to the Close of Business (as defined in the Rights Agreement) on August 4, 2014, at the principal offices of the Rights Agent, or at the offices of its successor as Rights Agent, one share of Common
Stock, par value $.01 per share (the “Common Shares”), of the Company, at a purchase price of $7.00 per one Common Share (the “Purchase Price”), upon presentation and surrender of this Right Certificate with the Form of Election
to Purchase duly executed. The number of Rights evidenced by this Right Certificate (and the number of Common Shares which may be purchased upon exercise hereof) set forth above, and the Purchase Price set forth above, are the number and Purchase
Price as of August 4, 2004, based on the Common Shares as constituted at such date. As provided in the Rights Agreement, the Purchase Price and the number of Common Shares which may be purchased upon the exercise of the Rights evidenced by this
Right Certificate are subject to modification and adjustment upon the happening of certain events. 
  
 This Right Certificate is subject to all of the terms, provisions and conditions of the Rights Agreement, which terms, provisions and conditions are
hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the
Company and the holders of the Right Certificates. Copies of the Rights Agreement are on file at the principal executive offices of the Company and the above-mentioned offices of the Rights Agent. 
  
 This Right Certificate, with or without other Right Certificates, upon
surrender at the principal office of the Rights Agent, may be exchanged for another Right Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like 
  

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 aggregate number of Common Shares as the Rights evidenced by the Right Certificate or Right Certificates surrendered
shall have entitled such holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Right Certificate or Right Certificates for the number of whole Rights not
exercised. 
  
 Subject to the provisions of the Rights Agreement,
the Rights evidenced by this Certificate (i) may be redeemed by the Company at a redemption price of $.001 per Right payable in cash, Common Shares or other consideration or (ii) may be exchanged in whole or in part for Common Shares. 
  
 No fractional interests in Common Shares will be issued upon the exercise of
any Right or Rights evidenced hereby (other than fractional interests which are integral multiples of one Common Share, which may, at the election of the Company, be evidenced by depositary receipts), but in lieu thereof a cash payment will be made,
as provided in the Rights Agreement. 
  
 No holder of this Right
Certificate shall be entitled to vote or receive dividends or be deemed for any purpose the holder of the Common Shares or of any other securities of the Company which may at any time be issuable on the exercise hereof, nor shall anything contained
in the Rights Agreement or herein be construed to confer upon the holder hereof, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any
meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting shareholders (except as provided in the Rights Agreement), or to receive dividends or subscription rights, or
otherwise, until the Right or Rights evidenced by this Right Certificate shall have been exercised as provided in the Rights Agreement. 
  
 This Right Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent. 
  
 WITNESS the facsimile signature of the proper officers of the Company and its
corporate seal. 
  
 Dated as of
                                ,
                . 
  

									
	 	 	 	 	 INTERNET AMERICA, INC.

					
	 	 	 	 	 	 	By:	 	 
				
	 Countersigned:
	 	 	 	 	 	 
					
	 	 	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	Authorized Signature

  

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 Form of Reverse Side of Right Certificate  
  
 FORM OF ASSIGNMENT 
  
 (To be executed by the registered holder if such 
 holder desires to transfer the Right Certificate.) 
  
 FOR VALUE RECEIVED
                                        
                         hereby sells, assigns and transfers unto 
 (Please print name and address of transferee) 
 this Right Certificate, together with all right, title
and interest therein, and does hereby irrevocably constitute and appoint
                                        
             Attorney, to transfer the within Right Certificate on the books of the within-named Company, with full power of substitution 
  
 Dated:
                             ,
                 . 
  

									
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature

  
 Signature Guarantee: 
  
 Signatures must be guaranteed by
an “eligible guarantor institution” (such as a bank, stockbroker, credit union or savings association) pursuant to Rule 17Ad-15 of the Rules and Regulations of the Securities Exchange Act of 1934. 
  

  
 The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an Affiliate or
Associate thereof (as defined in the Rights Agreement) and that after due inquiry and to the best of the knowledge of the undersigned, it did not acquire the Rights evidenced by this Rights Certificate for any Person who is, was or subsequently
became an Acquiring Person or an Affiliate or Associate of such Person. 
  

									
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature

  

  

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 Form of Reverse Side of Right Certificate — continued 
  
 FORM OF ELECTION TO PURCHASE  
  
 (To be executed if holder desires to 
 exercise the Right Certificate.) 
 To: Internet America, Inc.

  
 The undersigned hereby irrevocably elects to exercise
                                 Rights represented by this Right Certificate to
purchase the interests in Common Shares issuable upon the exercise of such Rights and requests that certificates for such interests in Common Shares be issued in the name of: 
  

 (Please print name and address) 
  
  

 (Please insert social security or other identifying number) 
  
 If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the balance remaining of such Rights shall be
registered in the name of and delivered to: 
  

 (Please print name and address) 
  
  

 (Please insert social security or other identifying number) 
  
 Dated:
                                         ,
                 . 
  

									
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature

  
 Signature Guarantee: 
  
 Signatures must be guaranteed by
an “eligible guarantor institution” (such as a bank, stockbroker, credit union or savings association) pursuant to Rule 17Ad-15 of the Rules and Regulations of the Securities Exchange Act of 1934. 
  
  
  

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 Form of Reverse Side of Right Certificate — continued 
  

  
 The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an Affiliate or
Associate thereof (as defined in the Rights Agreement) and that after due inquiry and to the best of the knowledge of the undersigned, it did not acquire the Rights evidenced by this Rights Certificate for any Person who is, was or subsequently
became an Acquiring Person or an Affiliate or Associate of such Person. 
  

									
					
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Signature

  
  

  
 NOTICE 
  
 The signature in the foregoing Forms of Assignment and Election must conform
to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. 
  
 In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the
Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to
Purchase will not be honored. 
  

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