ex4-1.htm







	
 


CERTIFICATE NO. ___ ______ SHARES


 


 





 


INCORPORATED UNDER THE


LAWS OF THE STATE OF NEW JERSEY


 


 


 


THIS CERTIFIES THAT: __________________________________________________________________


 


IS THE OWNER OF: _____________________________________________________________________


 


FULLY PAID AND NONASSESSABLE SHARES OF


MANDATORILY CONVERTIBLE CUMULATIVE NON-VOTING PERPETUAL


PREFERRED STOCK, SERIES B,


$1.00 PAR VALUE PER SHARE, OF


 


 


SUN BANCORP, INC.


 


 


The shares represented by this certificate are transferable only on the stock transfer books of the Corporation by the holder of record hereof in person, or by his duly authorized attorney or legal representative, upon the surrender of this certificate properly endorsed.  This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Amended and Restated Certificate of Incorporation of the Corporation and any amendments thereto (copies of which are on file with the Secretary of the Corporation), and to all of these provisions the holder by acceptance hereof, assents.


 


THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A BANK AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.


 


In Witness Whereof, Sun Bancorp, Inc. has caused this certificate to be executed by the signatures of its duly authorized officers and has caused its corporate seal to be hereunto affixed.


 


DATED: ___________, 2010


 


   


______________________________________        _________________________________________


PRESIDENT                                                                                       SECRETARY


 


 


SEAL











  





  











  








Sun Bancorp, Inc.







THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS







The Board of Directors of the Corporation is authorized by resolution or resolutions, from time to time adopted, to provide for the issuance of serial preferred stock, $1.00 par value per share, in series and to fix and state the voting powers, designations, preferences and relative, participating, optional, or other special rights of the shares of each such series and the qualifications, limitations and restrictions thereof.  The Corporation will furnish to any shareholder upon request and without charge a full description of each class of stock and any series thereof.







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 TRANS MIN ACT -

	
_______________Custodian____________________


    (Cus)                                                       (Minor)


under Uniform Transfers to Minors Act


_______________________


             (State)


	
TEN ENT -

	
as tenants by the entireties


 

	  
	
JT TEN  -

	
as joint tenants with right of survivorship and not as tenants in common

	  










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







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 preferred stock represented by the within certificate and do hereby irrevocably constitute and appoint


__________________________________________________________________________________________ Attorney


to transfer the said shares on the books of the within named corporation with full power of substitution in the premises.







Dated  _______________________________   X _______________________________________________________




     X______________________________________________________ 







NOTICE: The signatures to this assignment must correspond with the name(s) 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.


Countersigned and Registered:


Transfer Agent and Registrar







By: _________________________________________________


       Authorized Signature