Document:

exv4w3

 

Exhibit 4.3

THIS WARRANT CERTIFICATE (I) CANNOT BE TRANSFERRED OR EXCHANGED UNTIL 20 DAYS AFTER THE EARLIER TO
OCCUR OF THE EXPIRATION OF THE UNDERWRITERS’ OPTION TO PURCHASE ADDITIONAL UNITS TO COVER
OVER-ALLOTMENTS OR THE EXERCISE IN FULL BY THE UNDERWRITERS OF SUCH OPTION (THE “DETACHMENT DATE”)
UNLESS INCLUDED WITH A SHARE OF COMMON STOCK OF SANTA MONICA MEDIA CORPORATION AS PART OF A UNIT
AND (II) CANNOT BE EXERCISED IN WHOLE OR IN PART UNTIL THE LATER OF THE COMPANY’S COMPLETION OF A
BUSINESS COMBINATION OR ___, 2007.

EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT AGENT AS PROVIDED HEREIN.

Warrant Certificate evidencing

Warrants to Purchase Common Stock, par value $0.0001, as described herein.

SANTA MONICA MEDIA CORPORATION

			
	No.                     
	 	CUSIP No.                     

VOID AFTER 5:00 P.M., NEW YORK CITY TIME, ON _______ __, 2010,

OR UPON EARLIER REDEMPTION

     This certifies that ___, or its registered assigns, is the registered holder
of ___warrants to purchase certain securities (each a “Warrant”). Each Warrant
entitles the holder thereof, subject to the provisions contained herein and in the Warrant
Agreement (as defined below), to purchase from Santa Monica Media Corporation, a Delaware
corporation (the “Company”), one share of the Company’s Common Stock (each a “Share”), at the
Exercise Price set forth below. The exercise price of each Warrant (the “Exercise Price”) shall be
$___initially, subject to adjustments as set forth in the Warrant Agreement (as defined
below).

     Subject to the terms of the Warrant Agreement, each Warrant evidenced hereby may be exercised
in whole, but not in part, at any time, as specified herein, on any Business Day (as defined below)
occurring during the period (the “Exercise Period”) commencing on the later of the Company’s
completion of a Business Combination (as defined below) or ___, 2007 and ending at 5:00
P.M., New York City time, on the earlier to occur of (i) ___, 2010 or (ii) the date
fixed for the redemption of the Warrants as set forth in Section 6 of the Warrant Agreement (the
“Expiration Date”). Except with respect to the right to receive the Redemption Price (as set forth
in Section 6 of the Warrant Agreement), each Warrant remaining unexercised after 5:00 P.M., New
York City time on the Expiration Date shall become void, and all rights of the holder of this
Warrant Certificate evidencing such Warrant shall cease.

     The holder of the Warrants represented by this Warrant Certificate may exercise any Warrant
evidenced hereby by delivering, not later than 5:00 P.M., New York City time, on any Business Day
during the Exercise Period to Continental Stock Transfer & Trust Company (the

 

 

“Warrant Agent”, which term includes any successor warrant agent under the Warrant Agreement
described below) at its corporate trust department at 17 Battery Place, New York, NY 10004, (i)
this Warrant Certificate and the Warrants to be exercised (the “Book-Entry Warrants”) free on the
records of The Depository Trust Company (the “Depository”) to an account of the Warrant Agent at
the Depository designated for such purpose in writing by the Warrant Agent to the Depository, (ii)
an election to purchase (“Election to Purchase”), substantially in the form included on the reverse
hereof, as applicable (A) by the holder hereof on the reverse of this Warrant Certificate or (B)
properly executed by the institution in whose account the Warrant is recorded on the records of the
Depository (the “Participant”) and (iii) the Exercise Price for each Warrant to be exercised in
lawful money of the United States of America by certified or official bank check or by bank wire
transfer in immediately available funds. If any of (a) this Warrant Certificate or the Book-Entry
Warrants, (b) the Election to Purchase, or (c) the Exercise Price therefor, is received by the
Warrant Agent after 5:00 P.M., New York City, the Warrants will be deemed to be received and
exercised on the Business Day next succeeding the date such items are received and such date shall
be the Exercise Date for purposes hereof. If the date such items are received is not a Business
Day, the Warrants will be deemed to be received and exercised on the next succeeding day which is a
Business Day and such date shall be the Exercise Date for purposes hereof. If the Warrants to be
exercised are received or deemed to be received after the Expiration Date, the exercise thereof
will be null and void and any funds delivered to the Warrant Agent will be returned to the holder
as soon as practicable. In no event will interest accrue on funds deposited with the Warrant Agent
in respect of an exercise or attempted exercise of Warrants. The validity of any exercise of
Warrants will be determined by the Warrant Agent in its sole discretion and such determination will
be final and binding upon the holder of the Warrants and the Company. Neither the Warrant Agent
nor the Company shall have any obligation to inform a holder of Warrants of the invalidity of any
exercise of Warrants.

     Notwithstanding the foregoing, the Company shall not be obligated to deliver any Shares pursuant to
the exercise of a Warrant and shall have no obligation to settle the Warrant exercise unless a
registration statement under the Securities Act of 1933, as amended (the “Securities Act”), with
respect to the Shares is effective and a current prospectus is available for delivery by the
Warrant Agent. Notwithstanding anything to the contrary
herein or in the Warrant Agreement, under no circumstances will the Company be required to net cash
settle the Warrant exercise.

     As used herein, the term “Business Day” means any day that is not a Saturday or Sunday and is
not a United States federal holiday or a day on which banking institutions generally are authorized
or obligated by law or regulation to close in New York City.

     As used herein, the term “Business Combination” shall mean the acquisition by the Company,
whether by merger, capital stock exchange, asset or stock acquisition or other similar business
combination, of one or more operating businesses in the communications, media, gaming and/or
entertainment industries (collectively, the “Target Business”) having a fair market value (as
calculated in accordance with the Company’s Amended and Restated Certificate of Incorporation),
either individually or collectively, of at least 80% of the Company’s net assets at the time of
such merger, capital stock exchange, asset or stock acquisition or other similar business
combination; provided, that any acquisition of multiple operating businesses shall occur
contemporaneously with one another.

     Warrants may be exercised only in whole numbers of Warrants. No fractional shares of Common
Stock are to be issued upon the exercise of any Warrant, but rather the number of shares of Common
Stock to be issued shall be rounded up to the nearest whole number. If fewer than all of the
Warrants evidenced by this Warrant Certificate are exercised, a new Warrant Certificate for the
number of Warrants remaining unexercised shall be executed by the Company and countersigned by the
Warrant Agent, as provided in Section 2 of the Warrant Agreement,

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and delivered to the holder of this Warrant Certificate at the address specified on the books
of the Warrant Agent or as otherwise specified by such Registered Holder.

     This Warrant Certificate is issued under and in accordance with the Warrant Agreement, dated
as of ___, 2006 (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 to by acceptance hereof. Copies of the Warrant
Agreement are on file and can be inspected at the above-mentioned office of the Warrant Agent and
at the office of the Company at 9229 Sunset Boulevard, Suite 505, Los Angeles, California 90069.

     At any time during the Exercise Period, the Company may, at its option, redeem all (but not
part) of the then outstanding Warrants upon giving notice in accordance with the terms of the
Warrant Agreement (the “Redemption Notice”), at a price of $0.01 per Warrant (the “Redemption
Price”); provided, that the last sales price of the Shares
is at least $11.50 per Share (subject to proportionate adjustment to
reflect adjustment to the Warrant Price as provided in Section 4
of the Warrant Agreement), 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 the Redemption Notice is given. In the event the Company shall elect to
redeem all of the then outstanding Warrants, the Company shall fix a date for such redemption (the
“Redemption Date”); provided, that such date shall occur prior to the expiration of the Exercise
Period. The Warrants may be exercised in accordance with the terms of this Agreement at any time
after a Redemption Notice shall have been given by the Company; provided, however, that no Warrants
may be exercised subsequent to the expiration of the Exercise Period; provided, further, that all
rights with respect to the Warrants shall cease on the Redemption Date, other than to the right to
receive the Redemption Price.

     The accrual of dividends, if any, on the Shares issued upon the valid exercise of any Warrant
will be governed by the terms generally applicable to such Shares. From and after the issuance of
such Shares, the former holder of the Warrants exercised will be entitled to the benefits
generally available to other holders of Shares and such former holder’s right to receive payments
of dividends and any other amounts payable in respect of the Shares shall be governed by, and shall
be subject to, the terms and provisions generally applicable to such Shares.

     The Exercise Price and the number of Shares purchasable upon the exercise of each Warrant
shall be subject to adjustment as provided pursuant to Section 4 of the Warrant Agreement.

     Prior to the Detachment Date, the Warrants represented by this Warrant Certificate may only be
exchanged or transferred together with the Shares to which such Warrant is attached (together, a
“Unit”), and only for the purpose of effecting, or in conjunction with, an exchange or transfer of
such Unit. Additionally, prior to the Detachment Date, each transfer of such Unit on the register
of the Units shall operate also to transfer the Warrants included in such Units. From and after
the Detachment Date, the above provisions shall be of no further force and effect. Upon due
presentment for registration of transfer or exchange of this Warrant Certificate at the

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stock transfer division of the Warrant Agent, the Company shall execute, and the Warrant Agent
shall countersign and deliver as provided in Section 5 of the Warrant Agreement, in the name of the
designated transferee, one or more new Warrant Certificates of any authorized denomination
evidencing in the aggregate a like number of unexercised Warrants, subject to the limitations
provided in the Warrant Agreement.

     Neither this Warrant Certificate nor the Warrants evidenced hereby shall entitle the holder
hereof or thereof to any of the rights of a holder of the Shares, including, without limitation,
the right to receive dividends, if any, or payments upon the liquidation, dissolution or winding up
of the Company or to exercise voting rights, if any.

     The Warrant Agreement and this Warrant Certificate may be amended as provided in the Warrant
Agreement including, under certain circumstances described therein, without the consent of the
holder of this Warrant Certificate or the Warrants evidenced thereby.

     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 FORMED AND TO BE PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT
REGARD TO THE CONFLICTS OF LAW PROVISIONS THEREOF TO THE EXTENT SUCH PRINCIPLES OR RULES WOULD
REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     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 signature of the Warrant Agent.

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

	 	 	 	 	 	 	 
	Dated as of _____________, 2006	 	 	 	Santa Monica Media Corporation
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Authorized Officer
	 
	 	 	 	 	 	 
	Continental Stock Transfer & Trust Company,

as Warrant Agent By:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

Authorized Officer

	 	 	 	 	 	 

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[REVERSE]

Instructions for Exercise of Warrant

     To exercise the Warrants evidenced hereby, the holder or Participant must, by 5:00 P.M., New
York City time on the specified Exercise Date, deliver to the Warrant Agent at its stock transfer
division, a certified or official bank check or a wire transfer in immediately available funds, in
each case payable to the Warrant Agent to an account designated by the Warrant Agent, in an amount
equal to the Exercise Price in full for the Warrants exercised. In addition, the Warrant holder or
Participant must provide the information required below and deliver this Warrant Certificate to the
Warrant Agent at the address set forth below and the Book-Entry Warrants to the Warrant Agent in
its account with the Depository designated for such purpose. The Warrant Certificate and this
Election to Purchase must be received by the Warrant Agent by 5:00 P.M., New York time, on the
specified Exercise Date.

ELECTION TO PURCHASE TO BE EXECUTED IF WARRANT HOLDER DESIRES TO

EXERCISE THE WARRANTS EVIDENCED HEREBY

     The undersigned hereby irrevocably elects to exercise, on ___,
___(the “Exercise Date”), ___Warrants, evidenced by
this Warrant Certificate, to purchase ___shares of the Common Stock (each a “Share”) of
Santa Monica Media Corporation, a Delaware corporation (the “Company”), and represents that, on or
before the Exercise Date, such holder has tendered payment for such Shares by certified or official
bank check or bank wire transfer in immediately available funds to the order of the Company c/o
Continental Stock Transfer & Trust Company, 17 Battery Place, New York, New York 10004, in the
amount of $___in accordance with the terms hereof. The undersigned requests that said
number of Shares be in fully registered form, registered in such names and delivered, all as
specified in accordance with the instructions set forth below.

     If said number of Shares is less than all of the Shares purchasable hereunder, the undersigned
requests that a new Warrant Certificate evidencing the remaining balance of the Warrants evidenced
hereby be issued and delivered to the holder of the Warrant Certificate unless otherwise specified
in the instructions below.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:	 	 	 	 	 	(Please Print)
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/  /  /  /    /  /  /    /  /  /  /  /	 	 	 	Address:	 	 
	 	 	 	 	 	 	 
	(Insert Social Security or	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	Other Identifying Number	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	of Holder)	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

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     This Warrant may only be exercised by presentation to the Warrant Agent at one of the
following locations:

     By hand at:

     By mail at:

     The method of delivery of this Warrant Certificate is at the option and risk of the exercising
holder and the delivery of this Warrant Certificate will be deemed to be made only when actually
received by the Warrant Agent. If delivery is by mail, registered mail with return receipt
requested, properly insured, is recommended. In all cases, sufficient time should be allowed to
assure timely delivery.

(Instructions as to form and delivery of Shares and/or Warrant Certificates)

	 	 	 
	Name in which Shares are to be
registered if other than in the
name of the registered holder of
this Warrant Certificate:
	 	 
	 

	 	 
	 
	 	 
	Address to which Shares are to be
mailed if
	 	 
	 

	 	 
	other than to the address of the
registered
holder
of this Warrant Certificate as
shown on the books of the Warrant
Agent:

	 	(Street Address)
	 

	 	 
	 

	 	(City and State) (Zip Code)
	 
	 	 
	Name in which Warrant Certificate
evidencing unexercised Warrants,
if any, are to be registered if
other than in the name of the
registered holder of this Warrant
Certificate:
	 	 
	 

	 	 
	 
	 	 
	Address to which certificate
representing
	 	 
	 

	 	 
	unexercised Warrants,
if any, are to be mailed
if other
than to the address of the
registered holder of this Warrant
Certificate as shown on

	 	(Street Address)
	 

	 	 
	the books
of the Warrant Agent:

	 	(City and State) (Zip Code)

	 	 	 	 	 
	 

	 	Dated:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 	 	Signature
	 
	 	 	 	 
	 	 	Signature must conform in all
respects to the name of the holder as
specified on the face of this Warrant
Certificate. If Shares, or a Warrant
Certificate evidencing unexercised
Warrants, are to be issued in a name
other than that of the registered

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	 	 	holder hereof or are to be delivered
to an address other than the address
of such holder as shown on the books
of the Warrant Agent, the above
signature must be guaranteed by an
Eligible Guarantor Institution (as
that term is defined in Rule 17Ad-15
of the Securities Exchange Act of
1934, as amended).

	 	 	 	 	 	 	 	 	 
	SIGNATURE GUARANTEE	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Firm:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Area and Code and Number	 	 	 	 	 	 
	 

	 	 	 

	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 

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ASSIGNMENT

(FORM OF ASSIGNMENT TO BE EXECUTED IF WARRANT HOLDER DESIRES TO

TRANSFER WARRANTS EVIDENCED HEREBY)

FOR VALUE RECEIVED, ___HEREBY SELL(S), ASSIGN(S) AND TRANSFER(S) UNTO    
                          
                          
                          
                          
                         
                         
                        
                         
                                  

	 	 	 
	 

	 	 
	(Please print name and address
including zip code of assignee)

	 	(Please insert social security or
other identifying number of
assignee)

the rights represented by the within Warrant Certificate and does hereby irrevocably constitute and
appoint ___Attorney to transfer said Warrant Certificate on the books of the
Warrant Agent with full power of substitution in the premises.

	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Signature
	 

	 	 	 	 	 	(Signature must conform in all respects to the name
of the holder as specified on the face of this
Warrant Certificate and must bear a signature
guarantee by an Eligible Guarantor Institution (as
that term is defined in Rule 17Ad-15 of the
Securities Exchange Act of 1934, as amended).

	 	 	 	 	 	 	 	 	 
	SIGNATURE GUARANTEE	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of Firm:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Address:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Area and Code and Number	 	 	 	 	 	 
	 

	 	 	 

	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature
	 	 	 	 	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 
	 	 	 	 

8exv4w4

 

Exhibit 4.4

THE REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT
SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER
OF THIS PURCHASE OPTION AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS
PURCHASE OPTION FOR A PERIOD OF ONE YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE
OTHER THAN (I) CITIGROUP GLOBAL MARKETS INC
(“CITIGROUP”), DEUTSCHE BANK SECURITIES INC. (“DBSI”),
ANY OF THEIR RESPECTIVE AFFILIATES OR AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE
OFFERING, OR (II) A BONA FIDE OFFICER OR PARTNER OF CITIGROUP DBSI OR OF ANY SUCH UNDERWRITER OR
SELECTED DEALER.

THIS PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION BY SANTA MONICA
MEDIA CORPORATION (“COMPANY”) OF A MERGER, CAPITAL STOCK EXCHANGE, ASSET OR STOCK ACQUISITION OR
OTHER SIMILAR BUSINESS COMBINATION WITH AN OPERATING BUSINESS IN THE COMMUNICATIONS, MEDIA, GAMING
AND/OR ENTERTAINMENT INDUSTRIES (AN “INITIAL TRANSACTION”) (AS DESCRIBED MORE FULLY IN THE
COMPANY’S REGISTRATION STATEMENT (DEFINED HEREIN)) OR                    , 2007. VOID AFTER
5:00 P.M. NEW YORK CITY LOCAL TIME,                    ,                    , 2010.

UNIT PURCHASE OPTION

FOR THE PURCHASE OF

625,000 UNITS

OF

SANTA MONICA MEDIA CORPORATION

     1. Purchase Option.

          THIS CERTIFIES THAT, in consideration of $                      duly paid by or on behalf of
                                         (“Holder”), as registered owner of this Purchase Option, to Santa Monica
Media Corporation, Holder is entitled, at any time or from time to time upon the later of the
consummation of an Initial Transaction, or                     , [2007] (“Commencement Date”),
and at or before 5:00 p.m., New York City local time,                    , [2010] (“Expiration
Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to
625,000 units (“Units”) of the Company, each Unit consisting of one share of common stock of the
Company, par value $0.001 per share (“Common Stock”), and one warrant (“Warrant(s)”) expiring four
years from the effective date (“Effective Date”) of the registration statement (“Registration
Statement”) pursuant to which Units are offered for sale to the public (“Offering”). Each Warrant
shall be substantially the same (other than the exercise price thereof) as the warrants included in
the Units being registered for sale to the public by way of the Registration Statement (“Public
Warrants”). If the Expiration Date is a day on which banking institutions are authorized by law to
close, then this Purchase Option may be exercised on the next succeeding day which is not such a
day in accordance with the terms herein. During the period ending on the Expiration Date, the
Company agrees not to take any action that would terminate this Purchase

 

 

Option. This Purchase Option is initially exercisable at $9.60 per Unit so purchased;
provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the
rights granted by this Purchase Option, including the exercise price per Unit and the number of
Units (and shares of Common Stock and Warrants) to be received upon such exercise, shall be
adjusted as therein specified. The term “Exercise Price” shall mean the initial exercise price per Unit or
the adjusted exercise price per Unit, depending on the context.

     2. Exercise.

          2.1. Exercise Form. In order to exercise this Purchase Option, the exercise form attached
hereto must be duly executed and completed and delivered to the Company, together with this
Purchase Option and payment of the Exercise Price for the Units being purchased payable in cash or
by certified check or official bank check. If the subscription rights represented hereby shall not
be exercised at or before 5:00 p.m., New York City local time, on the Expiration Date this Purchase
Option shall become and be void without further force or effect, and all rights represented hereby
shall cease and expire.

          2.2. Legend. Each certificate for the securities purchased under this Purchase Option shall
bear a legend as follows unless such securities have been registered under the Securities Act of
1933, as amended (“Act”):

          “The securities represented by this certificate have not been registered under the Securities
Act of 1933, as amended (“Act”), or applicable state law. The securities may not be offered for
sale, sold or otherwise transferred except pursuant to an effective registration statement under
the Act, or pursuant to an exemption from registration under the Act and applicable state law.”

          2.3. Cashless Exercise.

               2.3.1. Determination of Amount. In lieu of the payment of the Exercise Price multiplied by
the number of Units for which this Purchase Option is exercisable and in lieu of being entitled to
receive Units in the manner required by Section 2.1, the Holder shall have the right (but not the
obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units
(“Conversion Right”) as follows: upon exercise of the Conversion Right, the Company shall deliver
to the Holder (without payment by the Holder of any of the Exercise Price in cash) that number of
Units equal to the quotient obtained by dividing (x) the “Value” (as defined below) of the portion
of this Purchase Option being converted by (y) the “Current Market Price” (as defined below) of a
Unit. The “Value” of the portion of this Purchase Option being converted shall equal the remainder
derived from subtracting (a) the product of (i) the Exercise Price multiplied by (ii) the number of
Units underlying the portion of this Purchase Option being converted from (b) the product of (i)
Current Market Price of a Unit multiplied by (ii) the number of Units underlying the portion of
this Purchase Option being converted.

          The “Current Market Price” of a Unit at any day shall mean (i) if the Units are listed on a
national securities exchange (including, without limitation, the American Stock Exchange) or quoted
on the Nasdaq National Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such
as the Bulletin Board Exchange), the average closing price of a Unit for the thirty (30) trading
days immediately preceding the date of determination of the Current Market Price in the principal
trading market for the Units as reported by the exchange, Nasdaq or the NASD, as the case may be;
(ii) if Units are not listed on a national securities exchange or quoted on the Nasdaq National
Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board (or successor such as the Bulletin
Board Exchange),

2

 

but is traded in the residual over-the-counter market, the closing bid price for a Unit on the
last trading day preceding the date in question for which such quotations are reported by the Pink
Sheets, LLC or similar publisher of such quotations; and (iii) if the fair market value of the
Units cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of
Directors of the Company shall determine, in good faith.

               2.3.2. Mechanics of Cashless Exercise. The cashless exercise right described in this Section
2.3 (the “Cashless Exercise Right”) may be exercised by the Holder on any business day on or after
the Commencement Date and not later than the Expiration Date by delivering this Purchase Option
with the duly executed exercise form attached hereto with the cashless exercise section completed
to the Company, exercising the Cashless Exercise Right and specifying the total number of Units the
Holder will purchase pursuant to such Cashless Exercise Right.

          2.4 Limitations. Notwithstanding the foregoing, the Company shall not be obligated to deliver
any securities pursuant to the exercise of a Purchase Option and shall have no obligation to settle
the Purchase Option exercise unless a registration statement under the Act, with respect to the
securities underlying the Purchase Option is effective and a current prospectus is on file with the
Securities and Exchange Commission (the “Commission”). In the event that a registration statement
with respect to the securities underlying a Purchase Option is not effective under the Act or a
current prospectus is not on file with the Commission, the holder of such Purchase Option shall not
be entitled to exercise such Purchase Option. Notwithstanding anything to the contrary in this
Purchase Option, under no circumstances will the Company be required to net cash settle the
Purchase Option exercise. Purchase Options may not be exercised by, or securities underlying such
Purchase Option issued to, any registered holder in any state in which such exercise or issuance
would be unlawful. For the avoidance of doubt, as a result of this Section 2.4, any or all of the
Purchase Option may expire unexercised. In no event shall the registered Holder of this Purchase
Option be entitled to receive any monetary damages if the securities underlying this Purchase
Option have not been registered by the Company pursuant to an effective registration statement or
if a current prospectus is not on file with the Commission, provided the Company has fulfilled its
obligation to use its best efforts to effect such registration and ensure a current prospectus is
on file with the Commission.

     3. Transfer.

          3.1. General Restrictions. The registered Holder of this Purchase Option, by its acceptance
hereof, agrees that it will not sell, transfer, assign, pledge or hypothecate this Purchase Option
for a period of one year following the Effective Date to anyone other than (i) Citigroup, DBSI, any
of their respective affiliates or an underwriter or a selected dealer in connection with the
Offering, or (ii) a bona fide officer or partner of Citigroup, DBSI, any of their respective
affiliates or of any such underwriter or selected dealer. On and after the first anniversary of
the Effective Date, transfers to others may be made subject to compliance with or exemptions from
applicable securities laws. In order to make any permitted assignment, the Holder must deliver to
the Company the assignment form attached hereto duly executed and completed, together with this
Purchase Option and payment of all transfer taxes, if any, payable in connection therewith. The
Company shall within five business days transfer this Purchase Option on the books of the Company
and shall execute and deliver a new Purchase Option or Purchase Options of like tenor to the
appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Units
purchasable hereunder or such portion of such number as shall be contemplated by any such
assignment.

          3.2. Restrictions Imposed by the Act. The securities evidenced by this Purchase Option shall
not be transferred unless and until (i) the Company has received the opinion of counsel for the
Holder that the securities may be transferred pursuant to an exemption from registration under the
Act and applicable state securities laws, the availability of which is established to the
reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Bingham
McCutchen LLP shall be deemed satisfactory evidence of the availability of an exemption), or (ii) a
registration statement or a post-effective amendment to the Registration Statement relating to such
securities has been filed by the Company and declared effective by
the Commission and compliance with applicable state securities law has been
established.

     4. New Purchase Options to be Issued.

          4.1. Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this
Purchase Option may be exercised or assigned in whole or in part; provided, however, that any
partial exercise of this Purchase Option must be for a minimum of at least 50,000 Units or such
lesser number of Units that remain issuable hereunder. In the event of the exercise or assignment
hereof in part only, upon surrender of this Purchase Option for cancellation, together with the
duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or
transfer tax, the Company shall cause to be delivered to the Holder without charge a new Purchase
Option of like tenor to this Purchase Option in the

3

 

name of the Holder evidencing the right of the Holder to purchase the number of Units
purchasable hereunder as to which this Purchase Option has not been exercised or assigned.

          4.2. Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the
loss, theft, destruction or mutilation of this Purchase Option and of reasonably satisfactory
indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase
Option of like tenor and date. Any such new Purchase Option executed and delivered as a result of
such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on
the part of the Company.

     5. Warrant Redemption. Notwithstanding anything to the contrary contained herein or in that
certain Warrant Agreement, dated as of                     , 2006, between the Company and
Continental Stock Transfer & Trust Company, as Warrant Agent (the “Warrant Agreement”), (i) this
Purchase Option shall, if not earlier exercised in full, be automatically exercised, on a cashless
basis as described in Section 2.3.1 hereof, immediately prior to the Redemption Date (as defined in
the Warrant Agreement) redemption of the Company’s outstanding warrants pursuant to [Section 6] of
the Warrant Agreement (provided that notice is provided to the Holder on the same terms as provided
to the holders of Warrants pursuant to the Warrant Agreement), and (ii) each Warrant that is part
of a Unit issued hereunder upon such automatic conversion shall be redeemed by the Company as part
of such redemption for the Redemption Price (as defined in the Warrant Agreement).

     6. Adjustments.

          6.1. Adjustments to Exercise Price and Number of Securities. The Exercise Price and the
number of Units underlying this Purchase Option shall be subject to adjustment from time to time as
hereinafter set forth:

               6.1.1.
Certain Dividends.

                       (a) Stock
Splits. If after the date hereof, and subject to the provisions
of Section 6.4 below, the number of outstanding shares of Common Stock is increased by a stock
dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other
similar event, then, on the effective date thereof, the number of shares of Common Stock underlying
each of the Units purchasable hereunder shall be increased in proportion to such increase in
outstanding shares. In such case, the number of shares of Common Stock, and the exercise price
applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder
shall be adjusted in accordance with the terms of the Warrants (even though such Warrants shall not
yet have been issued). For example, if the Company declares a two-for-one stock dividend and at
the time of such dividend this Purchase Option is for the purchase of one Unit at $9.60 per whole
Unit (and each Warrant underlying the Units is exercisable for $7.50 per share), upon effectiveness
of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at
$9.60 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two
Warrants (each Warrant exercisable for $3.75 per share).

                       (b) Extraordinary Dividends. If the Company, at any time while this Purchase Option is
outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other
assets to the holders of Common Stock (or other shares of the Company’s capital stock receivable
upon exercise of the Purchase Option), other than (i) as described in Sections 6.1.1(a), 6.1.2 or
6.1.3, (ii) regular quarterly or other periodic dividends, (iii) in connection with the conversion
rights of the holders of Common Stock upon consummation of the Company’s initial Business
Combination or (iv) in connection with the Company’s liquidation and the distribution of its assets
upon its failure to consummate a Business Combination (any such non-excluded event being referred
to herein as an “Extraordinary Dividend”), then the Exercise Price shall be decreased, effective
immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or
the fair market value (as determined by the Company’s Board of Directors, in good faith) of any
securities or other assets paid on each share of Common Stock in respect of such Extraordinary
Dividend.

               6.1.2. Aggregation of Shares. If after the date hereof, and subject to the provisions of
Section 6.4, the number of outstanding shares of Common Stock is decreased by a consolidation,
combination or reclassification of shares of Common Stock or other similar event, then, on the
effective date thereof, the number of shares of Common Stock underlying each of the Units
purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In
such case, the number of shares of Common Stock, and the exercise price applicable thereto,
underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in
accordance with the terms of the Warrants (even though such Warrants shall not yet have been
issued).

4

 

               6.1.3. Replacement of Securities upon Reorganization, etc. In case of any reclassification or
reorganization of the outstanding shares of Common Stock other than a change covered by Section
6.1.1 or 6.1.2 hereof or that solely affects the par value of such shares of Common Stock, or in
the case of any merger or consolidation of the Company with or into another corporation (other than
a consolidation or merger in which the Company is the continuing corporation and that does not
result in any reclassification or reorganization of the outstanding shares of Common Stock), or in
the case of any sale or conveyance to another corporation or entity of the property of the Company
as an entirety or substantially as an entirety in connection with which the Company is dissolved,
the Holder of this Purchase Option shall have the right thereafter (until the expiration of the
right of exercise of this Purchase Option) to receive upon the exercise hereof, for the same
aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of
shares of stock or other securities or property (including cash) receivable upon such
reclassification, reorganization, merger or consolidation, or upon a dissolution following any such
sale or transfer, by a Holder of the number of shares of Common Stock of the Company obtainable
upon exercise of this Purchase Option and the underlying Warrants immediately prior to such event;
and if any reclassification also results in a change in shares of Common Stock covered by Section
6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1, 6.1.2 and this
Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply to successive
reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

               6.1.4. Changes in Form of Purchase Option. This form of Purchase Option need not be changed
because of any change pursuant to this Section, and Purchase Options issued after such change may
state the same Exercise Price and the same number of Units as are stated in the Purchase Options
initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new
Purchase Options reflecting a required or permissive change shall not be deemed to waive any rights
to an adjustment occurring after the Commencement Date or the computation thereof.

          6.2. Substitute Purchase Option. In case of any consolidation of the Company with, or merger
of the Company with, or merger of the Company into, another corporation (other than a consolidation
or merger which does not result in any reclassification or change of the outstanding Common Stock),
the corporation formed by such consolidation or merger shall execute and deliver to the Holder a
supplemental Purchase Option providing that the holder of each Purchase Option then outstanding or
to be outstanding shall have the right thereafter (until the stated expiration of such Purchase
Option) to receive, upon exercise of such Purchase Option, the kind and amount of shares of stock
and other securities and property receivable upon such consolidation or merger, by a holder of the
number of shares of Common Stock of the Company for which such Purchase Option might have been
exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental
Purchase Option shall provide for adjustments which shall be identical to the adjustments provided
in Section 6. The above provision of this Section shall similarly apply to successive
consolidations or mergers.

          6.3. Elimination of Fractional Interests. The Company shall not be required to issue
certificates representing fractions of shares of Common Stock or Warrants upon the exercise of this
Purchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional
interests, it being the intent of the parties that all fractional interests shall be eliminated by
rounding any fraction up to the nearest whole number of Warrants, shares of Common Stock or other
securities, properties or rights.

     7. Reservation and Listing. The Company shall at all times reserve and keep available out of
its authorized shares of Common Stock, solely for the purpose of issuance upon exercise of this
Purchase Option or the Warrants underlying this Purchase Option, such number of shares of Common

5

 

Stock or other securities, properties or rights as shall be issuable upon the exercise
thereof. The Company covenants and agrees that, upon exercise of this Purchase Option and payment
of the Exercise Price therefor, all shares of Common Stock and other securities issuable upon such
exercise shall be duly and validly issued, fully paid and non-assessable and not subject to
preemptive rights of any stockholder. The Company further covenants and agrees that upon exercise
of the Warrants underlying this Purchase Option and payment of the respective Warrant exercise
price therefor, all shares of Common Stock and other securities issuable upon such exercise shall
be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of
any stockholder. As long as this Purchase Option shall be outstanding, the Company shall use
commercially reasonable efforts to cause all (i) Units and shares of Common Stock issuable upon
exercise of this Purchase Option, (ii) Warrants issuable upon exercise of this Purchase Option and
(iii) shares of Common Stock issuable upon exercise of the Warrants included in the Units issuable
upon exercise of this Purchase Option to be listed (subject to official notice of issuance) on all
securities exchanges (or, if applicable on the Nasdaq National Market, SmallCap Market, OTC
Bulletin Board or any successor trading market) on which the Units, the Common Stock or the Public
Warrants issued to the public in connection herewith may then be listed and/or quoted.

     8. Certain Notice Requirements.

          8.1. Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon
the Holders the right to vote or consent as a stockholder for the election of directors or any
other matter, or as having any rights whatsoever as a stockholder of the Company. If, however, at
any time prior to the expiration of this Purchase Options and their exercise, any of the events
described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give
written notice of such event at least fifteen days prior to the date fixed as a record date or the
date of closing the transfer books for the determination of the stockholders entitled to such
dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to
vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such
record date or the date of the closing of the transfer books, as the case may be. Notwithstanding
the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other
stockholders of the Company at the same time and in the same manner that such notice is given to
the stockholders.

          8.2. Events Requiring Notice. The Company shall be required to give the notice described in
this Section 8 upon one or more of the following events: (i) if the Company shall take a record of
the holders of its shares of Common Stock for the purpose of entitling them to receive a dividend
or distribution payable otherwise than in cash, or a cash dividend or distribution payable
otherwise than out of retained earnings, as indicated by the accounting treatment of such dividend
or distribution on the books of the Company, (ii) the Company shall offer to all the holders of its
Common Stock any additional shares of capital stock of the Company or securities convertible into
or exchangeable for shares of capital stock of the Company, or any option, right or warrant to
subscribe therefor, (iii) a dissolution, liquidation or winding up of the Company (other than in
connection with a consolidation or merger) or a sale of all or substantially all of its property,
assets and business shall be proposed, (iv) if the Company shall delivery a notice to holders of
the warrants of a redemption pursuant to Section 6.2 of the Warrant Agreement or (v) if the Company
shall deliver a notice to the Holder pursuant to Section 5 of this Unit Purchase Option.

          8.3. Notice of Change in Exercise Price. The Company shall, promptly after an event requiring
a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders of such
event and change (“Price Notice”). The Price Notice shall describe the event causing the change
and the

6

 

method of calculating same and shall be certified as being true and accurate by the Company’s
President and Chief Executive Officer.

          8.4. Transmittal of Notices. All notices, requests, consents and other communications under
this Purchase Option shall be in writing and shall be deemed to have been duly made when hand
delivered, or mailed by express mail or private courier service: (i) if to the registered Holder of
this Purchase Option, to the address of such Holder as shown on the books of the Company, or (ii)
if to the Company, to the following address or to such other address as the Company may designate
by notice to the Holders:

Santa Monica Media Corporation

9229 Sunset Boulevard, Suite 505

Los Angeles, California 90069

Attention: David Marshall

With a copy to:

Troy & Gould Professional Corporation

1801 Century Park East, 16th Floor

Los Angeles, California 90067

Attention: David L. Ficksman

     9. Miscellaneous.

          9.1. Amendments. The Company, Citigroup and DBSI may from time to time supplement or amend
this Purchase Option without the approval of any of the Holders in order to cure any ambiguity, to
correct or supplement any provision contained herein that may be defective or inconsistent with any
other provisions herein, or to make any other provisions in regard to matters or questions arising
hereunder that the Company, Citigroup and DBSI may deem necessary or desirable and that the
Company, Citigroup DBSI deem shall not adversely affect the interest of the Holders. All other
modifications or amendments shall require the written consent of and be signed by the party against
whom enforcement of the modification or amendment is sought.

          9.2. Headings. The headings contained herein are for the sole purpose of convenience of
reference, and shall not in any way limit or affect the meaning or interpretation of any of the
terms or provisions of this Purchase Option.

          9.3. Entire Agreement. This Purchase Option (together with the other agreements and documents
being delivered pursuant to or in connection with this Purchase Option) constitutes the entire
agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior
agreements and understandings of the parties, oral and written, with respect to the subject matter
hereof.

          9.4. Binding Effect. This Purchase Option shall inure solely to the benefit of and shall be
binding upon, the Holder and the Company and their permitted assignees, respective successors,
legal representative and assigns, and no other person shall have or be construed to have any legal
or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Option or
any provisions herein contained.

7

 

          9.5. Governing Law; Submission to Jurisdiction. This Purchase Option shall be governed by and
construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflict of laws. The Company hereby agrees that any action, proceeding or claim against it
arising out of, or relating in any way to this Purchase Option may be brought and enforced in the
courts of the State of New York or of the United States of America for the Southern District of New
York, and irrevocably submits to such jurisdiction. Any process or summons to be served upon the
Company may be served by transmitting a copy thereof by registered or certified mail, return
receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof.
Such mailing shall be deemed personal service and shall be legal and binding upon the Company in
any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies)
in any such action shall be entitled to recover from the other party(ies) all of its reasonable
attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefor.

          9.6. Waiver, Etc. The failure of the Company or the Holder to at any time enforce any of the
provisions of this Purchase Option shall not be deemed or construed to be a waiver of any such
provision, nor to in any way affect the validity of this Purchase Option or any provision hereof or
the right of the Company or any Holder to thereafter enforce each and every provision of this
Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of the
provisions of this Purchase Option shall be effective unless set forth in a written instrument
executed by the party or parties against whom or which enforcement of such waiver is sought; and no
waiver of any such breach, non-compliance or non- fulfillment shall be construed or deemed to be a
waiver of any other or subsequent breach or non-compliance.

          9.7. Execution in Counterparts. This Purchase Option may be executed in one or more
counterparts, and by the different parties hereto in separate counterparts, each of which shall be
deemed to be an original, but all of which taken together shall constitute one and the same
agreement, and shall become effective when one or more counterparts has been signed by each of the
parties hereto and delivered to each of the other parties hereto.

          9.8. Exchange Agreement. As a condition of the Holder’s receipt and acceptance of this
Purchase Option, Holder agrees that, at any time prior to the complete exercise of this Purchase
Option by Holder, if the Company, Citigroup and DBSI enter into an agreement (“Exchange Agreement”)
pursuant to which they agree that all outstanding Purchase Options will be exchanged for securities
or cash or a combination of both, then Holder shall agree to such exchange and become a party to
the Exchange Agreement.

[Remainder of this page intentionally left blank; signature page follows.]

8

 

          IN WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by its duly
authorized officer as of the          day of                    , 2006.

	 	 	 	 	 
	 	SANTA MONICA MEDIA CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

9

 

	 	 	 	 	 

Form to be used to exercise Purchase Option:

Santa Monica Media Corporation

9229 Sunset Boulevard, Suite 505

Los Angeles, California 90069

Date:                    , 200

          The undersigned hereby elects irrevocably to exercise all or a portion of the within Purchase
Option and to purchase           Units of Santa Monica Media Corporation and hereby makes payment
of $                     (at the rate of $                     per Unit)
in payment of the Exercise Price pursuant thereto. Please issue the Common Stock and Warrants as
to which this Purchase Option is exercised in accordance with the instructions given below.

or

          The undersigned hereby elects irrevocably to convert its right to purchase           Units
purchasable under the within Purchase Option by surrender of the unexercised portion of the
attached Purchase Option (with a “Value” based of $                     based
on a “Market Price” of $           ). Please issue the securities comprising the Units as to which
this Purchase Option is exercised in accordance with the instructions given below.

	 	 	 
	 

	 	 
	 

	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the face of
the purchase option in every particular, without
alteration or enlargement or any change whatever.

	 	 	 
	Signature(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).

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

	 	 	 	 	 
	Name
	 	 	 	 
	 	 	 	 	 
	 

	 	(Print in Block Letters)	 	 
	 
	 	 	 	 
	Address
	 	 	 	 
	 	 	 	 	 

 

 

Form to be used to assign Purchase Option:

ASSIGNMENT

          (To be executed by the registered Holder to effect a transfer of the within Purchase Option):

          FOR VALUE RECEIVED,                     does hereby sell, assign and transfer unto
the right to purchase           Units of Santa Monica Media Corporation (“Company”)
evidenced by the within Purchase Option and does hereby authorize the Company to transfer such
right on the books of the Company.

Dated:                     , 200

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Signature	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the
face of the purchase option in every particular,
without alteration or enlargement or any change
whatever.	 	 

	 	 	 
	Signature(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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