Document:

Specimen Common Stock Certificate

 Exhibit 4.2 
 [Specimen Common Stock Certificate] 
  

					
	NUMBER	 		    	SHARES
	  
	 		    	                          

 RAYCLIFF ACQUISITION CORP. 
 Incorporated Under the Laws of the State of Delaware 
  

					
		 	COMMON STOCK	 	CUSIP                 
		 		 	

 SEE REVERSE FOR 
 CERTAIN DEFINITIONS 
  

					
	 This Certifies that
	 	  
	 	is the

					
	registered holder of	 	  
	 	

 FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 
 EACH OF THE COMMON STOCK OF 
 RAYCLIFF ACQUISITION CORP. 
 transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this
certificate properly endorsed. 
 The Corporation will be forced to liquidate if it is unable to complete a business combination by
                    , 20    , all as more fully described in the Corporation’s final prospectus dated
                    , 2008. 
 This
Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. Witness the seal of the Corporation and the facsimile signatures of its duly authorized officers. 
 Dated:
                                        

 Corporate Seal 
 Delaware

  

					
	  
	 		 	  

	 PRESIDENT
	 		 	SECRETARY

 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 tenant in common	 		 	UNIF GIFT MIN ACT	 	  
	 	Custodian	 	  

		 		 		 		 	(Cust)	 		 	(Minor)
	 TEN ENT
	 	tenants by the entireties	 		 		 	Under Uniform Gifts to Minors Act:
		 		 		 		 	  
	 	
		 		 		 		 	(State)
	 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. 
 Raycliff Acquisition Corp. 
 The
Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative participating, optional or other special rights of each class of stock or series thereof of the Corporation and the
qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Certificate of Incorporation and all amendments
thereto and resolutions of the Board of Directors providing for the issue of shares of Preferred Stock (copies of which may be obtained from the secretary of the Corporation), to all of which the holder of this certificate by acceptance hereof
assents. 
 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 capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
                                        
Attorney to transfer said stock on the books of the within named Company with 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.

 Signatures(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). 
 The holder of
this certificate shall be entitled to receive funds from the Corporation’s trust account only in the event of a liquidation of the Corporation upon failure to consummate a business combination or if the holder seeks to convert his, her or its
respective shares into cash upon (i) the approval of a proposal by the stockholders of the Corporation to extend the Corporation’s corporate existence which he, she or it voted against and which is actually approved by the Corporation or (ii) a
business combination which he, she or it voted against and which is actually completed by the Corporation. In no other circumstances shall the holder have any right or interest of any kind in or to the trust account.Specimen Warrant Certificate

 Exhibit 4.3 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF
UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, THE SECURITIES REPRESENTED
BY THIS CERTIFICATE MAY NOT BE ASSIGNED, HYPOTHECATED, DONATED, ENCUMBERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF PRIOR TO THE DATE THAT IS 180 DAYS AFTER THE DATE UPON WHICH RAYCLIFF ACQUISITION CORP. (THE “COMPANY”) COMPLETES ITS
BUSINESS COMBINATION (AS DEFINED IN SECTION 5 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 5 OF THE WARRANT AGREEMENT) WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER
PROVISIONS AND MAY NOT BE EXERCISED DURING SUCH PERIOD. 
 SECURITIES EVIDENCED BY THIS CERTIFICATE AND SHARES OF COMMON STOCK OF THE COMPANY ISSUED UPON
EXERCISE OF SUCH SECURITIES WILL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY. 
  

			
	Number	 	Warrants

 THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 
 5:00 P.M. NEW YORK CITY TIME,
                    , 2012 
 RAYCLIFF ACQUISITION CORP. 
 Incorporated Under the Laws of the State of Delaware 
 CUSIP [                    ] 

Warrant Certificate 
 This Warrant
Certificate certifies that                     , or registered assigns, is the registered holder of
                     warrants (as adjusted, the “Warrants”) to purchase shares of Common Stock, $0.0001 par value (the
“Common Stock”), of Raycliff Acquisition Corp., a Delaware corporation (the “Company”). Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to
below, to receive from the Company that number of fully paid and nonassessable shares of Common Stock (each, a “Warrant Share”) as set forth below, at the exercise price (the “Exercise Price”) as
determined pursuant to the Warrant Agreement, payable in lawful money of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred to below,
subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 
 Each Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. The number of Warrant Shares issuable upon exercise of the Warrants
are subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. The initial Exercise Price per share of Common Stock for any Warrant is equal to $7.50 per share. The Exercise Price is subject to adjustment upon
the occurrence of certain events set forth in the Warrant Agreement. 

 Warrants may be exercised only during the Warrant Exercise Period subject to the conditions set forth in the Warrant
Agreement and to the extent not exercised by the end of such Warrant Exercise Period such Warrants shall become void. 
 Reference is hereby made to the
further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Warrant Certificate shall not be valid until execution of the Warrant Agreement by the Company and the Warrant Agent. In addition, this Warrant Certificate shall
not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. 
 This Warrant Certificate shall be governed and
construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof. 
 The Warrants evidenced by
this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement effective as of
                    , 2008 (the “Warrant Agreement”), duly executed and delivered by the Company to Continental Stock
Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to
for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the
registered holders or registered holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the
meanings given to them in the Warrant Agreement. 
 Warrants may be exercised at any time during the Warrant Exercise Period set forth in the Warrant
Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment of the
Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” if permitted or required by the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of
Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his assignee a new Warrant Certificate evidencing the number of Warrants not
exercised. No adjustment shall be made for any dividends on any Common Stock issuable upon exercise of this Warrant. 
 Notwithstanding anything else in this
Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise is effective under the Act and (ii) a prospectus
thereunder relating to the Warrant Shares is current. In no event shall the Company be required to issue unregistered shares upon the exercise of any Warrant. 
 The Warrant Agreement provides that upon the occurrence of certain events the number of Warrant Shares set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be
entitled to receive a fractional interest in a share of Common Stock, the Company will, upon exercise, round up or down to the nearest whole number of shares of Common Stock to be issued to the Warrant holder. 
 Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the registered holder thereof in person or by legal representative
or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like
tenor evidencing in the aggregate a like number of Warrants. 
 Upon due presentation for registration of transfer of this Warrant Certificate at the office
of the Warrant Agent a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations
provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith. 

 The Company and the Warrant Agent may deem and treat the registered holder(s) thereof as the absolute owner(s) of this
Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company. 
 [Signature page follows] 

 IN WITNESS WHEREOF, the undersigned have executed this Warrant Certificate as of the date hereof.

  

			
	 RAYCLIFF ACQUISITION CORP.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	President
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	Secretary

  

			
	 Countersigned:

	 Dated:                     , 2008
	 	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY,
	as Warrant Agent

			
		
	 By
	 	  

		 	Authorized Signatory

 Election to Purchase 
 (To Be Executed Upon Exercise Of Warrant) 
 The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, to receive                      shares of Common Stock and herewith tenders payment for such shares
to the order of Raycliff Acquisition Corp. in the amount of $             in accordance with the terms hereof. The undersigned requests that a certificate for such shares be
registered in the name of                                 , whose address is
                                        
and that such shares be delivered to
                                        
whose address is
                                        
    . If said number of shares is less than all of the shares of Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in
the name of                                 , whose address is
                                        ,
and that such Warrant Certificate be delivered to
                                        ,
whose address is                                 . 
 In the event that the Warrant has been called for redemption by the Company pursuant to Section 6(b) of the Warrant Agreement and the Company has
required cashless exercise pursuant to Section 6(b) of the Warrant Agreement, the number of shares that this Warrant is exercisable for shall be determined in accordance with Section 6(c) of the Warrant Agreement. 
 In the event that the Warrant is an Insider Warrant (as defined in the Warrant Agreement), this Warrant may be exercised, to the extent allowed by the
Warrant Agreement, through cashless exercise pursuant to Section 6(c) of the Warrant Agreement, in which case (i) the number of shares that this Warrant is exercisable for would be determined in accordance with Section 6(c) of the
Warrant Agreement and (ii) the holder hereof will complete the following: The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of Section 6(c) of
the Warrant Agreement, to receive                      shares of Common Stock. If said number of shares is less than all of the shares of
Common Stock purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares be registered in the name of
                                , whose address is
                                        ,
and that such Warrant Certificate be delivered to
                                        ,
whose address is                                 . 
  

					
	 Date:                    ,
20    
	 		 	  

		 		 	(Signature)
			
		 		 	  

		 		 	  

		 		 	  

		 		 	(Address)
			
		 		 	  

		 		 	(Tax Identification Number)

 Signature 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).

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