SPECIMEN
UNIT CERTIFICATE

     

    
      
        
          
            	
                            
      NUMBER

                  	
                    UNITS

                  
	
                    U-___________

                  	 
      


          

        

      

    

     

    SEE
REVERSE FOR CERTAIN

    DEFINITIONS

    LONE OAK
ACQUISITION CORPORATION

     

    CUSIP
___________

     

    UNITS
CONSISTING OF ONE ORDINARY SHARE AND ONE WARRANT

    
      
        	
                THIS
      CERTIFIES THAT

              	 
      
	
                is
      the owner of

              	 
      	
                Units.

              


      

    

     

    Each Unit
(“Unit”) consists of one (1) ordinary share, par value $0.001 (“Ordinary Share”)
of LONE OAK ACQUISITION CORPORATION, a Cayman Islands corporation (the
“Company”), and one warrant (the “Warrant”), each to purchase one (1) Ordinary
Share.  Each Warrant will become exercisable on the later of (i) the
Company’s consummation of an initial business combination with one or more
target businesses and (ii) ____________, 2012 [ONE YEAR FROM THE DATE OF THE IPO
PROSPECTUS], and will expire unless exercised before the earlier of (i) 5:00
p.m., New York City Time, on the three-year anniversary of the consummation of
an initial business combination, (ii) the liquidation of the Company’s trust
account or (iii) redemption of the Warrants (the “Expiration Date”). The
Ordinary Shares and Warrants comprising the
Units represented by this certificate will begin separate trading 90 days after
the date of the prospectus covering these securities (the “Prospectus”) or the
announcement by the representative of the underwriters of the
Company’s initial public offering of the decision to allow earlier trading;
provided, however, in no event will the representative allow separate
trading of the Ordinary Shares and Warrants until the Company files an audited
balance sheet with the Securities and Exchange
Commission reflecting the Company’s receipt of the gross proceeds of the
offering and issues a press release announcing
when such separate trading will begin.  The terms of the
Warrants are governed by a Warrant Agreement, dated as of _______, 2011, between
the Company and Continental Stock Transfer & Trust Company, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of
which terms and provisions the holder of this certificate consents to by
acceptance hereof.  Copies of the Warrant Agreement are on file at the
office of the Warrant Agent at ____________________, and are available to any
Warrant holder on written request and without cost. This certificate is not
valid unless countersigned by the Transfer Agent and Registrar of the
Company.  This Unit is governed by the laws of the Cayman
Islands.

     

    Witness
the facsimile seal of the Company and the facsimile signature of its duly
authorized officers.

     

    
      
        
          
            	
                    By

                  	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                    Chief
      Executive Officer

                  	 
      	
                    Secretary

                  


          

        

      

    

     

    LONE OAK
ACQUISITION CORPORATION

    CORPORATE

    SEAL

    2010

    CAYMAN
ISLANDS

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    LONE OAK
ACQUISITION CORPORATION

     

    The
Company will furnish without charge to each shareholder who so requests, a
statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof of the
Company and the qualifications, limitations, or restrictions of such preferences
and/or rights.

     

    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

            


    

    
      	
               
      

            	
              TEN
      ENT  -  as tenants by the
  entireties

            


    

    
      	
               
      

            	
              JT
      TEN  -  as joint tenants with right of
      survivorship

            


    

    
      	
               
      

            	
                                   
      and not as tenants in common

            


    

    
      
        	
                UNIF
      GIFT MIN ACT -

              	 
      	
                Custodian

              	 
      
	 
      	
                (Cust)

              	 
      	
                             
      (Minor)

              
	 
      	
                under
      Uniform Gifts to Minors

              
	 
      	
                Act

              	 
      
	 
      	 
      	
                                           
      (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)

            
	 
      
	 
      
	 
      	
              Units

            
	
              represented
      by the within Certificate, and do hereby irrevocably constitute and
      appoint

            
	 
      	
              Attorney

            
	
              to
      transfer the said Units on the books of the within named Company will 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.

                        


                

              

            

          

        

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Signature(s)
Guaranteed:

    
      
 

       


        
          

        

      

       

    

    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).

     

    The
holder of this certificate shall be entitled to receive funds from the trust
account only in the event of (i) the liquidation of the trust account upon a
failure to consummate a business combination, as described in the prospectus
covering these securities, (ii) if the holder redeems his Units for cash in
connection with a business combination or (iii) if the holder sells his Units to
the Company prior to the consummation of a business combination  as
described in the prospectus covering these securities.  In no other
circumstances shall the holder have any right or interest of any kind in or to
the trust account.

     

    
      
        
        

      

      
        3