Document:

exv4w1

 

EXHIBIT 4.1

NUMBER

                     IGC UNITS

SEE REVERSE FOR

CERTAIN DEFINITIONS INDIA GLOBALIZATION CAPITAL, INC.

CUSIP

UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND TWO WARRANTS 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 $.0001 per share (“Common
Stock”), of India Globalization Capital, Inc., a Maryland corporation (the “Company”), and two
warrants (the “Warrants”). Each Warrant entitles the holder to purchase one (1) share of Common
Stock for $5.00 per share (subject to adjustment). Each Warrant will become exercisable on later of
(i) the Company’s completion of a merger, capital stock exchange, asset acquisition or other
similar business combination and (ii)                     , 2006, and will expire unless exercised before
5:00 p.m., New York City Time, on                     , 2010, or earlier upon redemption (the “Expiration
Date”). The Common Stock and Warrants comprising the Units represented by this certificate are not
transferable separately prior to                     , 2005, subject to earlier separation in the discretion
of Ferris, Baker Watts, Inc. The terms of the Warrants are governed by a Warrant Agreement, dated
as of                     , 2005, 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 signature of its duly authorized officers.

INDIA GLOBALIZATION CAPITAL, INC.

CORPORATE

MARYLAND

SEAL

2005

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Chairman of the Board

	 	Secretary	 	 

 

 

INDIA GLOBALIZATION CAPITAL, INC.

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.

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	 	 	 	under Uniform Gifts to Minors
	 	 	and not as tenants in common	 	 	 	Act______________
	

	 	 	 	 	 	(State)	 	 	 	 

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)

__________________________________________________________________________ UNITS

REPRESENTED BY THE WITHIN CERTIFICATE, AND DO HEREBY IRREVOCABLY CONSTITUTE AND APPOINT

_______________________________________________________________________ ATTORNEY TO TRANSFER THE
SAID UNITS ON THE BOOKS OF THE WITHIN NAMED COMPANY WILL 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) 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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EXHIBIT 4.2

NUMBER SHARES

_________ IGC

INDIA GLOBALIZATION CAPITAL, INC.

INCORPORATED UNDER THE LAWS OF THE STATE OF MARYLAND

COMMON STOCK

SEE REVERSE FOR

CERTAIN DEFINITIONS

THIS CERTIFIES THAT CUSIP

IS THE OWNER OF

FULLY PAID AND NON ASSESSABLE SHARES OF THE PAR VALUE OF

$.0001 EACH OF THE COMMON STOCK OF

INDIA GLOBALIZATION CAPITAL, INC.

TRANSFERABLE ON THE BOOKS OF THE CORPORATION 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 CORPORATION AND THE FACSIMILE SIGNATURES OF ITS DULY AUTHORIZED

OFFICERS.

DATED:

INDIA GLOBALIZATION CAPITAL, INC.

CORPORATE

SEAL

2005

MARYLAND

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	CHAIRMAN

	 	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 -

	 	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	 	 	 	under Uniform Gifts to Minors
	 	 	and not as tenants in common	 	 	 	Act______________
	

	 	 	 	 	 	 	 	(State)	 	 

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

INDIA GLOBALIZATION CAPITAL, INC.

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 thereby
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 THE SAID STOCK ON THE BOOKS
OF THE WITHIN NAMED CORPORATION WILL FULL POWER OF SUBSTITUTION IN THE PREMISES.

DATED __________________

2

 

NOTICE: The signature to this assignment must

correspond with the name as written upon

the face of the certificate in every

particular, without alteration or

enlargement or any change whatever.

Signature(s) Guaranteed:

THE SIGNATURE(S) 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 trust fund only in the
event of the Company’s liquidation upon failure to consummate a business combination 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. In no other circumstances shall the holder
have any right or interest of any kind in or to the trust fund.

3exv4w3

 

EXHIBIT 4.3

NUMBER

________-IGC WARRANTS

(SEE REVERSE SIDE FOR LEGEND)

(THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 5:00 P.M.

EASTERN TIME, __________, 2010

INDIA GLOBALIZATION CAPITAL, INC.

CUSIP

WARRANT

THIS CERTIFIES THAT, for value received is the registered holder of a Warrant or Warrants expiring                     , 2010 (the “Warrant”) to purchase one fully paid and non-assessable share of Common Stock,
par value $.0001 per share (“Shares”), of India Globalization Capital, Inc., a Maryland corporation
(the “Company”), for each Warrant evidenced by this Warrant Certificate. The Warrant entitles the
holder thereof to purchase from the Company, commencing on the later of (i) the Company’s
completion of a merger, capital stock exchange, asset acquisition or other similar business
combination and (ii)                                         , 2006, such number of Shares of the Company at the price of
$5.00 per share, upon surrender of this Warrant Certificate and payment of the Warrant Price at the
office or agency of the Warrant Agent, Continental Stock Transfer & Trust Company (such payment to
be made by check made payable to the Warrant Agent), but only subject to the conditions set forth
herein and in the Warrant Agreement between the Company and [Continental Stock Transfer & Trust
Company]. The Warrant Agreement provides that upon the occurrence of certain events the Warrant
Price and the number of Warrant 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.

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 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 his 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.

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

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 30 days’ notice of such
call at any time after the Warrant becomes exercisable if the last sale price of the Shares has
been at least $8.50 per share on each of 20 trading days within any 30 trading day period ending on
the third business day prior to the date on which notice of such call is given. The call price of
the Warrants is to be $.01 per Warrant. Any Warrant 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 $.01 call price.

	 	 	 
	 
	 	 
	CHAIRMAN

	 	SECRETARY

2

 

SUBSCRIPTION FORM

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 of Common Stock issuable upon
the exercise of such Warrants, 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 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)

ASSIGNMENT

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

For Value Received,                                                              hereby sell, assign, and transfer unto

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

		
	and be delivered to 	 

(PLEASE PRINT OR TYPE NAME AND ADDRESS)

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

		
	Dated: 	 

(SIGNATURE)

3

 

THE SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME WRITTEN UPON
THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF
THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK
EXCHANGE.

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