Document:

Exhibit 4.1

 

	
  NUMBER

  	
   

  	
   

  	
  UNITS

  
	
  U-

  	
   

  	
   

  	
   

  

 

PROSPECT ACQUISITION CORP.

Incorporated Under the Laws of the State of
Delaware

 

CUSIP 74347T 202

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND

ONE WARRANT EACH 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 $0.0001 per share (“Common Stock”), of Prospect Acquisition Corp., a
Delaware corporation (the “Company”), and one warrant (each a “Warrant”). Each
Warrant entitles the holder to purchase one (1) share of Common Stock for
$7.50 per share (subject to adjustment). Each Warrant will become exercisable
on the later of (i) the Company’s completion of a merger, capital stock
exchange, asset acquisition or other similar business combination and
(ii) November 14, 2009, and will expire unless exercised before
5:00 p.m., New York time, on November 14, 2012, or earlier upon
redemption. The Common Stock and Warrants comprising the Units represented by
this certificate are not transferable separately prior to December 29,
2007 unless Citigroup Global Markets, Inc. elects to allow separate
trading earlier, subject to the Company’s (i) filing of a Current Report
on Form 8-K with the Securities and Exchange Commission containing an
audited balance sheet reflecting the Company’s receipt of the gross proceeds of
the Company’s initial public offering and (ii) issuance of a press release
announcing when such separate trading will begin. The terms of the Warrants are
governed by a Warrant Agreement, dated as of November 14, 2007, by and
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 17 Battery Place, New York, New York 10004, 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.

 

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

 

	
  Dated:               ,
  2007

  	
  [Corporate Seal]

  	
  Delaware

  
	
   

  	
   

  	
   

  
	
  /s/ James J. Cahill

  	
   

  	
  /s/ Patrick J. Landers

  
	
  Secretary

  	
  President

  
					

 

 

Prospect 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 Units
represented hereby are issued and shall be held subject to the terms and
conditions applicable to the securities underlying and comprising the Units.

 

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

  	
  as 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.

 

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 do hereby irrevocably
constitute and appoint                                     
Attorney to transfer said Units 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) 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).

  

 

2Exhibit 4.2

 

	
  NUMBER

  	
   

  	
   

  	
   

  	
   

  	
  SHARES

  	
   

  

 

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

 

	
   

  	
  COMMON STOCK

  	
   

  	
  CUSIP 74347T 103

  

 

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

 

PROSPECT ACQUISITION CORP.

 

transferable on the books of the Prospect
Acquisition Corp. (the “Company”) in
person or by duly authorized attorney upon surrender of this certificate
properly endorsed.

 

The Company will be forced to liquidate if it
is unable to complete a business combination by November 14, 2009, all as
more fully described in the Company’s final prospectus dated November 14,
2007.

 

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.

 

	
  Dated:

  	
   

  	
   

  

 

	
   

  	
  Corporate Seal

  
	
   

  	
   

  
	
   

  	
  Delaware

  

 

	
  /s/ James J. Cahill

  	
   

  	
  /s/ Patrick J. Landers

  
	
  SECRETARY

  	
  PRESIDENT

  

 

 

Prospect 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 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 Company), to all of which the holder
of this certificate by acceptance hereof assents.

 

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

  	
  as 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.

 

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) 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 Company’s trust account only in the event of
a liquidation of the Company upon failure to consummate a business combination
or if the holder seeks to convert his, her or its respective shares into cash
upon a business combination which he, she or it voted against and which is
actually completed by the Company. In no other circumstances shall the holder
have any right or interest of any kind in or to the trust account.

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]