Document:

Exhibit 4.2 

[Specimen Common
Stock Certificate] 

	

      NUMBER 

      

      
      

    	SHARES

      

      

    

ALTERNATIVE ASSET MANAGEMENT
ACQUISITION CORP. 

    Incorporated Under the Laws of the State
of Delaware  

	 	 COMMON STOCK 	CUSIP 41192 107 

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 

ALTERNATIVE ASSET MANAGEMENT
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 __________, 2009, all
as more fully described in the Corporation’s final prospectus dated ___________, 2007.  

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 

	
      

      CHIEF EXECUTIVE OFFICER 	 	
      

      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               

      TEN ENT

      JT TEN         	as tenant in common

              

      tenants by the entireties         

      

      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. 

Alternative Asset Management
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 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.Exhibit 4.3

[Form of Warrant
Certificate] 

[Face] 

	

      NUMBER 

      

      
      

    	WARRANTS

      

      

    

THIS WARRANT WILL BE
VOID IF NOT EXERCISED PRIOR TO                  
                  5:00 P.M. NEW YORK CITY
TIME, _________, 2012 

ALTERNATIVE ASSET MANAGEMENT
ACQUISITION CORP. 

   Incorporated Under the Laws of the State
of Delaware 

CUSIP 411192 115 

WARRANT CERTIFICATE 

        This
Warrant Certificate certifies that ________________________, or registered
assigns, is the registered holder of _________ warrants (the “Warrants”) to
purchase shares of Common Stock, $.0001 par value (the “Common Stock”), of Alternative Asset Management
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 purchase from the Company that number of fully paid and
non-assessable 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, but only 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 is 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 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. 

	 	ALTERNATIVE  ASSET  MANAGEMENT ACQUISITION CORP.

	 	 
	 	
                                                              By:                                            	
      

      

      Mark D. Klein

                                                                  Chief Executive Officer

Countersigned: 
Dated:____________,
20__ 
CONTINENTAL STOCK TRANSFER & TRUST COMPANY, 
as Warrant Agent 

By: __________________________

                                                    Authorized Signatory 

 
	 	
	 

[Form of Warrant
Certificate] 

[Reverse] 

        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,
par value $0.0001 per share, of the Company (the “Common Stock”), and are issued or to
be issued pursuant to a Warrant Agreement dated as of [_______], 2007 (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,  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  Warrants be settled on a net cash basis  during the  Warrant  Exercise  Period nor
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.  No fractions of a share of Common Stock will be issued upon the exercise of
any Warrant,  but the Company will pay the cash value thereof  determined as provided in
the Warrant Agreement. 

        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. 

 
	 	
	 

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   Alternative Asset Management  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 ________________________________. 

Dated: __________________ 

	 	

      

      (SIGNATURE)  

      

      

      

      

      (ADDRESS)     

      

 
      

      (TAX IDENTIFICATION NUMBER)

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).

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