exv4w1



 





Exhibit 4.1









	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	AMERICAN BANK NOTE COMPANY

	 	 	 
	 	 	PRODUCTION COORDINATOR: TODD DeROSSETT 931-490-1720	 
	 	711 ARMSTRONG LANE

	 	 	 
	 	 	PROOF OF: OCTOBER 31, 2007	 
	 	COLUMBIA, TENNESSEE 38401

	 	 	 
	 	 	FORESTAR REAL ESTATE GROUP INC.	 
	 	(931) 388-3003

	 	 	 
	 	 	TSB 28556 FC	 
	 	 	 	 	 	 	 	 	 
	 	SALES: JAYNE DICKINSON 708-385-9112

	 	 	 
	 	 	OPERATOR:            AP           	 
	 	 	 	 	 	 	 	 	 
	 	7 / LIVE JOBS / F / FORESTAR 28556 FC

	 	 	 
	 	 	Rev. 1	 
	 	 	 	 	 	 	 	 	 




COLORS
SELECTED FOR PRINTING: Logo Prints PMS 5615 AT 60% AND BLACK. Background prints PMS 5665 at
50%. Intaglio prints in SC-4 olive.



COLOR: This proof was printed from a digital file or artwork on a graphics quality, color laser
printer. It is a good representation of the color as it will appear on the final product.
However, it is not an exact color rendition, and the final printed product may appear slightly
different from the proof due to the difference between the dyes and printing ink.



PLEASE
INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: ___ OK  AS IS ___ OK WITH CHANGES ___ MAKE CHANGES AND
SEND ANOTHER PROOF




 









 








Forestar Real Estate Group Inc.




     The Corporation will furnish without charge to each shareholder who so requests a full statement of
the designations, preferences, limitations and relative rights of each class of stock or series thereof of the Corporation and the
variations in the relative rights and preferences between the shares of any series of preferred stock, so far as the same have been fixed
and determined, and the authority of the board of directors to fix and determine the relative rights and preferences of any series of
preferred stock. Such requests may be made to the Corporation or to the transfer agent.



ABBREVIATIONS




     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
	 	 	 	 	 	under Uniform Gifts to Minors
	 

	 	 	 	survivorship and not as tenants
	 	 	 	 	 	Act                                                             
	 

	 	 	 	in common
	 	 	 	 	 	                    (State)






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 Common 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                                         




	 	 	 	 	 
	 

	 	 	 	Signature(s):
	 

	 	X
	 	 
	 

	 	X
	 	 
	 

	 	NOTICE:
	 	THE SIGNATURE OF 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




	 	 	 	 	 
	By 

	 	 
 

	 	  
	THE SIGNATURE(S) MUST 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.	 	 






	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	AMERICAN BANK NOTE COMPANY

	 	 	 
	 	 	PRODUCTION COORDINATOR: TODD DeROSSETT 931-490-1720	 
	 	711 ARMSTRONG LANE

	 	 	 
	 	 	PROOF OF: OCTOBER 29, 2007	 
	 	COLUMBIA, TENNESSEE 38401

	 	 	 
	 	 	FORESTAR REAL ESTATE GROUP INC.	 
	 	(931) 388-3003

	 	 	 
	 	 	TSB 28556 BK	 
	 	 	 	 	 	 	 	 	 
	 	SALES: JAYNE DICKINSON 708-385-9112

	 	 	 
	 	 	OPERATOR:            ANTHONY           	 
	 	 	 	 	 	 	 	 	 
	 	7 / LIVE JOBS / F / FORESTAR 28556 BK

	 	 	 
	 	 	NEW	 
	 	 	 	 	 	 	 	 	 





     PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: ___ OK AS IS ___ OK WITH CHANGES ___ MAKE CHANGES AND
SEND ANOTHER PROOF