Document:

EX-10.2

 

Exhibit 10.2

Amendment to the

UST Inc. Director Deferral Program

     The UST Inc. Director Deferral Program (the “Plan”) is amended effective May 6, 2008, by
deleting paragraph 2.20 in Article II of the Plan in its entirety and inserting the following in
lieu thereof:

“2.20 Fair Market Value:

     The term, Fair Market Value, shall have the following meanings depending upon for what purpose
Fair Market Value is being determined –

          (a) Converting Deferrals. For purposes of converting a Participant’s deferrals to
phantom UST Inc. Common Stock as of any date, the Fair Market Value of such stock is the closing
sales price per share of Common Stock on such date (or if such date is not a trading date, the date
immediately following such date that is a trading date) for UST Inc. Common Stock as reported on
the New York Stock Exchange Composite Transactions Listing, rounded (if necessary) to two decimal
places.

          (b) Plan Distributions. For purposes of determining the value of a Plan distribution,
the Fair Market Value of phantom UST Inc. Common Stock is determined as the closing sales price per
share of Common Stock on the applicable Distribution Valuation Date, as reported on the New York
Stock Exchange Composite Transactions Listing, rounded (if necessary) to two decimal places.

          (c) Converting Dividend Equivalents. For purposes of converting a Participant’s
dividend equivalents under Section 5.02 to phantom UST Inc. Common Stock as of any date, the Fair
Market Value of such stock shall be the value that is determined by the transfer agent for purposes
of crediting shares of UST Inc. Common Stock under the UST Inc. Dividend Reinvestment Plan.

          (d) Common Stock Holding Requirement. For purposes of determining whether a Director
has satisfied the Common Stock Holding Requirement, the Fair Market Value of UST Inc. Common Stock
shall be the closing sales price per share of Common Stock on the Common Stock Holding
Determination Date, as reported on the New York Stock Exchange Composite Transactions Listing,
rounded (if necessary) to two decimal places.”EX-4.1

 

[SPECIMEN UNIT CERTIFICATE]

          UNITS

NUMBER

U-          

SEE REVERSE FOR

CERTAIN DEFINITIONS

Exhibit 4.1

LIBERTY LANE ACQUISITION CORP.

CUSIP:          

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND

ONE-HALF OF ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK

THIS CERTIFIES THAT
                                     is the owner of                   Units.

     Each Unit (“Unit”) consists of one (1) share of common stock, par value
$0.001 per share (the “Common Stock”), of Liberty Lane Acquisition Corp., a
Delaware corporation (the “Corporation”), and one-half (1/2) of one warrant
(the “Warrant”). Each whole Warrant entitles the holder to purchase one (1)
share of Common Stock for $7.50 per share (subject to adjustment pursuant to
the Warrant Agreement, as described below). The Warrant will become exercisable
(only in increments of one whole Warrant) on the later of (i) the completion of
a Business Combination (as such term is defined in the Amended and Restated
Certificate of Incorporation of the Corporation), and (ii)         , 2009 [one year after the effective date of the registration statement
relating to the initial public offering of the Units] , and will expire unless
exercised before 5:00 p.m., New York City time, on                    , 2013
[five years after the effective date of the registration statement relating to
the initial public offering of the Units] , or earlier upon redemption (the
“Expiration Date”). The Common Stock and one-half of one Warrant comprising the
Units represented by this certificate are not transferable separately
prior to           , 2008 [the thirty-fifth day after the effective date of the
registration statement relating to the initial public offering of the Units],
unless Goldman, Sachs & Co. determines that an earlier date is acceptable,
provided that in no event may the Common Stock and Warrants be traded
separately until the Corporation has filed with the Securities and Exchange
Commission a Current Report on Form 8-K which includes an audited balance sheet
reflecting its receipt of the gross proceeds of the initial public offering of
the Units and has issued a press release announcing when such separate trading
will begin. Warrants may be exercised only in increments of one whole warrant,
and when the warrants begin separate trading they may be separated and traded
only in increments of one whole warrant. The terms of the Warrants are governed
by a Warrant Agreement, dated as of                    , 2008, between the
Corporation and American Stock Transfer & Trust Company (the “Warrant Agent”)
as may be amended, restated or supplemented from time to time 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. The
terms of the Common Stock are governed by the Amended and Restated Certificate
of Incorporation of the Corporation. This Unit Certificate shall be governed in
accordance with the laws of the State of Delaware. Copies of the Warrant
Agreement are on file at the office of the Warrant Agent at 59 Maiden Lane, New
York, New York 10038 and the Amended and Restated Certificate of Incorporation
are on file at the office of the Corporation at One Liberty Lane, Hampton, New
Hampshire 03842, copies of each are available to any holder on written request
and without cost.

1

 

This certificate is not valid unless countersigned by the Transfer Agent
and Registrar of the Corporation.

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

LIBERTY LANE ACQUISITION CORP.

CORPORATE

DELAWARE

SEAL

2008

	 	 	 
	By: 
 	 	
 
	President	 	Secretary
	 	 	 
	Countersigned
By:       

                            Transfer Agent	 	 

 

LIBERTY LANE ACQUISITION CORP.

The Corporation will furnish without charge to each unit holder 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 Corporation 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
	 	 	UNIF GIFT MIN ACT — Custodian
	 
	TEN
ENT — as tenants by the entireties
	 	 	(Cust)             (Minor)
	JT TEN — as joint tenants with right of survivorship

and not as tenants in common
	 	 	under Uniform Gifts to

Minors Act

(State)
	 

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

FOR
VALUE RECEIVED,
             HEREBY SELLS, ASSIGNS AND TRANSFERS 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 DOES HEREBY IRREVOCABLY
CONSTITUTE AND APPOINT
             ATTORNEY
TO TRANSFER THE SAID UNITS ON THE BOOKS OF THE WITHIN NAMED
CORPORATION WITH FULL POWER OF SUBSTITUTION IN THE PREMISES.

     DATED:             

3

 

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.

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 SECURITIES AND

EXCHANGE COMMISSION RULE 17Ad-15).

4EX-4.2

 

[SPECIMEN COMMON STOCK CERTIFICATE]

          SHARES

NUMBER          

Exhibit 4.2

LIBERTY LANE ACQUISITION CORP.

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

COMMON STOCK

SEE REVERSE FOR

CERTAIN DEFINITIONS

CUSIP:          

THIS CERTIFIES THAT                                                                

IS THE OWNER OF                                                                         

FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.001 EACH

OF THE COMMON STOCK OF

LIBERTY LANE ACQUISITION CORP.

TRANSFERABLE ON THE BOOKS OF THE COMPANY IN PERSON OR BY DULY AUTHORIZED
ATTORNEY UPON SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED. THIS CERTIFICATE
IS NOT VALID UNLESS COUNTERSIGNED BY THE TRANSFER AGENT AND REGISTERED BY THE
REGISTRAR. WITNESS THE SEAL OF THE COMPANY AND THE FACSIMILE SIGNATURES OF ITS
DULY AUTHORIZED OFFICERS.

THE COMPANY WILL BE FORCED TO LIQUIDATE IF IT IS UNABLE TO COMPLETE A BUSINESS
COMBINATION BY             , 2010, UNLESS EXTENDED, ALL AS MORE FULLY
DESCRIBED IN THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION.

DATED:

LIBERTY LANE ACQUISITION CORP.

CORPORATE

DELAWARE

SEAL

2008

	 	 	 	 	 
	By:	 	 

President	 	 

Secretary
	 
	By:	 	 

Transfer Agent	 	 

1

 

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 survivorship

and not as tenants in common
	 	 	under Uniform Gifts to

Minors Act

(State)
	 

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

LIBERTY LANE ACQUISITION CORP.

     Liberty Lane Acquisition Corp. (the “Company”) 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 Company 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 Amended and Restated Certificate of Incorporation of the Company 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 Company), to all of which the holder of this certificate by
acceptance hereof assents.

FOR
VALUE RECEIVED,
             HEREBY SELLS, ASSIGNS AND TRANSFERS 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 DOES HEREBY IRREVOCABLY
CONSTITUTE AND APPOINT
             ATTORNEY
TO TRANSFER THE SAID UNITS ON THE BOOKS OF THE WITHIN NAMED
CORPORATION WITH FULL POWER OF SUBSTITUTION IN THE PREMISES.

     DATED:             

2

 

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.

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 SECURITIES AND

EXCHANGE COMMISSION RULE 17Ad-15).

     The holder of this certificate shall be entitled to receive funds from the
Trust Account (as such term is defined in the Amended and Restated Certificate
of Incorporation of the Company) only in the event of the Company’s liquidation
upon failure to consummate a Business Combination (as such term is defined in
the Amended and Restated Certificate of Incorporation of the Company) or if the
holder seeks to convert his respective shares into cash upon a Business
Combination which he voted against and which is actually completed by the
Company as to the extent provided in the Amended and Restated Certificate of
Incorporation of the Company. In no other circumstances shall the holder have
any right or interest of any kind in or to the Trust Account.

3

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