Document:

EX-4.2

Exhibit 4.2

[SPECIMEN COMMON STOCK CERTIFICATE]

			
	NUMBER                     
	 	                     SHARES

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 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. 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)

	 	 	 	 	 
	 
	 
	 	 	 	 
	 
	 	 

                                                             SHARES OF THE CAPITAL STOCK REPRESENTED BY THE WITHIN CERTIFICATE, AND
DOES
HEREBY IRREVOCABLY CONSTITUTE AND APPOINT                                          ATTORNEY TO TRANSFER THE SAID STOCK ON THE BOOKS OF THE WITHIN NAMED CORPORATION 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.
	 
	 	 	 	 	 	 
	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.

2EX-4.3

Exhibit 4.3

[SPECIMEN WARRANT CERTIFICATE]

[THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE (INCLUDING THE SECURITIES ISSUABLE UPON
EXERCISE OF THE WARRANT) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”). THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE
SECURITIES ACT OR, IF REQUESTED BY THE COMPANY, AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
THAT SUCH REGISTRATION STATEMENT IS NOT REQUIRED.

THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE (INCLUDING THE SECURITIES ISSUABLE UPON THE
EXERCISE OF THE WARRANT) ARE SUBJECT TO THE TERMS AND CONDITIONS, INCLUDING CERTAIN RESTRICTIONS ON
TRANSFER, SET FORTH IN THE WARRANT AGREEMENT, DATED AS OF [   ], 2008, BY AND BETWEEN THE
COMPANY AND THE WARRANT AGENT. COPIES OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE
WARRANT AGENT’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE. ]1

[SOME OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE SUBJECT TO FORFEITURE PURSUANT TO
SECTION 3 OF THAT CERTAIN INITIAL SECURITIES SUBSCRIPTION AGREEMENT DATED AS OF MARCH 14, 2008,
COPIES OF WHICH ARE AVAILABLE FOR INSPECTION AT THE OFFICES OF LIBERTY LANE ACQUISITION
CORP.]2

			
	 	 	 
	No.                     
	 	                                         Warrants

CUSIP No.                                                             

THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO

5:00 P.M. NEW YORK CITY TIME, ON THE EXPIRATION DATE

LIBERTY LANE ACQUISITION CORP.

Warrant Certificate evidencing

Warrants to Purchase Common Stock, par value $0.001, as described herein.

THIS CERTIFIES THAT, for value received                                                              
                   , or its registered
assigns, is the registered holder of a Warrant or Warrants (the “Warrant”) expiring on the
earlier of (i)                                         , 2013 and (ii) the date fixed for calling the Warrant as provided in
Section 6 of the Warrant Agreement (as defined below) (the “Expiration Date”) to purchase
one fully paid and non-assessable share of Common Stock, par value $0.001 per share (the
“Shares”), of Liberty Lane Acquisition Corp., a Delaware corporation (the
“Company”), for each whole Warrant evidenced by this Warrant Certificate. The Warrant
entitles the holder thereof to purchase from the Company, commencing on the later of (i) the
completion of a Business Combination by the Company and

 

			
	1	 	To be inserted only in Warrant Certificates
representing Initial Warrants and Insider Warrants.
	 
	2	 	To be inserted only in Warrant Certificates
representing Initial Warrants.

1

 

(ii)                                                             ,
2009 [one year after the date of the final prospectus
relating to
the Public Offering], such number of Shares of the Company at the price of $  per Share, upon
surrender of this Warrant Certificate accompanied by the annexed duly executed subscription form
and payment of the Warrant Price (whether in cash or by cashless exercise only as permitted by the
Warrant Agreement) at the office or agency of American Stock Transfer & Trust Company (the
“Warrant Agent”), but subject to the conditions set forth herein and in the Warrant
Agreement. The Warrant Agreement provides that upon the occurrence of certain events the Warrant
Price and the number of Shares purchasable hereunder, set forth on the face hereof, may, subject to
certain conditions, be adjusted. The term “Warrant Price” as used in this Warrant
Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant
is exercised.

     This Warrant Certificate is issued under and in accordance with the Warrant Agreement, dated
as of [                                        ], 2008 (the “Warrant Agreement”), between the Company and the Warrant
Agent and is subject to the terms and provisions contained in the Warrant Agreement, all of which
terms and provisions the holder of this Warrant Certificate and the beneficial owners of the
Warrants represented by this Warrant Certificate consent by acceptance hereof. Copies of the
Warrant Agreement are on file and can be inspected at the office of the Warrant Agent and at the
office of the Company at One Liberty Lane, Hampton, New Hampshire 03842. Capitalized terms used but
not defined herein shall have the respective meanings ascribed to them in the Warrant Agreement.

     No fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a
Warrant would be entitled to receive a fraction of a Share upon any exercise of a Warrant, the
Company shall, upon such exercise, round up or down to the nearest whole number the number of
Shares to be issued to such holder.

     Upon any exercise of the Warrant for less than the total number of full Shares provided for
herein, there shall be issued to the Registered Holder hereof or its assignee a new Warrant
Certificate covering the number of Shares for which the Warrant has not been exercised.

     Warrant Certificates, when surrendered at the office or agency of the Warrant Agent by the
registered holder hereof in person or by 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 and
evidencing in the aggregate a like number of Warrants.

     Upon due presentment for registration of transfer of the Warrant Certificate at the office or
agency 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 in exchange
for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without
charge except for any applicable tax or other governmental charge.

     The Company and the Warrant Agent may deem and treat the Registered Holder as the absolute
owner 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
Registered Holder, and for all other purposes, and neither the Company nor the Warrant Agent shall
be affected by any notice to the contrary.

     Warrants may be separated, traded and exercised only in increments of one whole Warrant. Each
Warrant (including any Warrant or fraction of a Warrant represented by a Unit) not exercised on or
before the Expiration Date shall become void.

2

 

     This Warrant does not entitle the registered holder to any of the rights of a stockholder of
the Company.

     Subject to the limitations set forth in Section 6 of the Warrant Agreement, the Company
reserves the right to call the Warrant at any time prior to its exercise, with a notice of call in
writing to the holders of record of the Warrant, giving thirty (30) days prior written notice of
such call at any time after the Warrant becomes exercisable if the last sales price of the Shares
has been at least $12.00 per Share (the “Trigger Price”) for any twenty (20) trading days
within a thirty (30) trading day period ending on the third business day prior to the date on which
notice of the call is given (the “Measurement Period”). The Warrant may not be called
unless the Warrant and the Shares are covered by an effective registration statement and a current
prospectus from the beginning of the Measurement Period through the date fixed for the call. The
call price of the Warrants is to be $0.01 per Warrant. Any Warrant subject to redemption either not
exercised or tendered back to the Company by the end of the date specified in the notice of call
shall be canceled on the books of the Company and have no further value except for the $0.01 call
price. The Trigger Price is subject to adjustments as provided in the Warrant Agreement. If the
Company calls the Warrant for redemption as described above, it will have the option to require the
holder that wishes to exercise the Warrant to do so on a cashless basis. In such event, each
holder would pay the Warrant Price by surrendering the Warrants in exchange for that number of
Shares equal to the quotient obtained by dividing (x) the product of the number of Shares
underlying the Warrants, multiplied by the difference between the Warrant Price and the Fair Market
Redemption Value (as defined below) by (y) the Fair Market Redemption Value. The “Fair Market
Redemption Value” shall mean the average reported last sale price per Share for the 10 trading days
ending on the third trading day prior to the date on which the notice of redemption is sent to the
holder; provided, that if the Fair Market Redemption Value cannot be so determined, the “Fair
Market Redemption Value” shall be determined by the Board of Directors of the Company, in good
faith.

     THIS WARRANT CERTIFICATE AND ALL RIGHTS HEREUNDER AND UNDER THE WARRANT AGREEMENT SHALL BE
GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS EXECUTED IN AND TO BE PERFORMED IN THAT STATE, INCLUDING, WITHOUT
LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND THE NEW YORK
CIVIL PRACTICE LAWS AND RULES 327(B).

     This Warrant Certificate shall not be entitled to any benefit under the Warrant Agreement or
be valid or obligatory for any purpose, and no Warrant evidenced hereby may be exercised, unless
this Warrant Certificate has been countersigned by the manual or facsimile signature of the Warrant
Agent.

3

 

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

Dated as of                                         , 2008

	 	 	 	 	 
	 	LIBERTY LANE ACQUISITION CORP.

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

COUNTERSIGNED:

Dated:                                         

AMERICAN STOCK TRANSFER & TRUST COMPANY

	 	 	 	 	 
	 	 	 
	 	By:  	 	 
	 	 	Authorized Officer 	 
	 	 	 	 
	 

4

 

SUBSCRIPTION FORM – CASH EXERCISE

To Be Executed by the Registered Holder in Order to Exercise Warrants

     The undersigned Registered Holder irrevocably elects to exercise                                                 
             Warrants
represented by this Warrant Certificate, and to purchase the Shares issuable upon the exercise of
such Warrants by tendering payment for such Shares to the order of Liberty Lane Acquisition Corp.
in the amount of $                                                            , and requests that Certificates for such Shares shall be
registered in the name of:

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered to:

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

and, if such number of Warrants shall not be all the Warrants evidenced by this Warrant
Certificate, that a new Warrant Certificate for the balance of such Warrants be registered in the
name of, and delivered to, the Registered Holder at the address stated below:

Dated:

(SIGNATURE)

(ADDRESS)

(TAX IDENTIFICATION NUMBER)

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).

5

 

SUBSCRIPTION FORM – CASHLESS EXERCISE

To Be Executed by the Registered Holder in Order to Exercise Warrants

The undersigned Registered Holder irrevocably elects (i) to exercise                                          Warrants
represented by this Warrant Certificate, and (ii) to surrender                                          Warrants
represented by this Warrant Certificate (with an aggregate “Fair Market Redemption Value” [or “Fair
Market Value”]3 of $                      based on a “Fair Market Redemption Value” [or “Fair
Market Value”]4 of $                     ) to purchase the Shares issuable upon the exercise of
the Warrants exercised hereby, and requests that Certificates for such Shares shall be issued in
the name of:

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered to:

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

and, if such number of Warrants exercised and surrendered shall not be all the Warrants evidenced
by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be
registered in the name of, and delivered to, the Registered Holder at the address stated below:

Dated:

(SIGNATURE)

(ADDRESS)

(TAX IDENTIFICATION NUMBER)

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).

 

			
	3	 	To be inserted only in Warrant Certificates
representing Initial Warrants and Insider Warrants.
	 
	4	 	To be inserted only in Warrant Certificates
representing Initial Warrants and Insider Warrants.

6

 

ASSIGNMENT

To Be Executed by the Registered Holder in Order to Assign Warrants

For Value Received,                                          hereby sells, assigns, and transfers unto:

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

                                         of the Warrants represented by this Warrant Certificate, and hereby
irrevocably constitutes and appoints                                          Attorney to transfer this Warrant
Certificate on the books of the Company, with full power of substitution in the premises.

Dated:

(SIGNATURE)

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).

7

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