Document:

EX-4.5

Exhibit 4.5

	 	 	 	 	 	 
	NUMBER

	 	(SEE REVERSE SIDE FOR LEGEND)
	 	WARRANTS
	 
	-
	 	THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO	 	 
	 

	 	 	5:00 P.M. NEW YORK CITY TIME,                , 2012	 	 

GREENWICH PMV ACQUISITION CORP.

CUSIP 39700L 112

WARRANT

THIS CERTIFIES THAT, for value received

is the registered holder of a Warrant or Warrants expiring                , 2012 (the
“Warrant”) to purchase one fully paid and non-assessable share of Common Stock,
par value $.0001 per share (“Shares”), of Greenwich PMV Acquisition Corp., a
Delaware corporation (the “Company”), for each Warrant evidenced by this Warrant
Certificate. The Warrant entitles the holder thereof to purchase from the
Company, commencing 120 days after the Company’s completion of a merger, capital
stock exchange, asset acquisition or other similar business combination, such
number of Shares of the Company at the price of $7.50 per share, upon surrender
of this Warrant Certificate and payment of the Warrant Price at the office or
agency of the Warrant Agent, American Stock Transfer & Trust Company, but
only subject to the conditions set forth herein and in the Warrant Agreement
between the Company and American Stock Transfer & Trust Company (as may be
amended from time to time, the “Warrant Agreement”). The Company shall not be
obligated to deliver any securities pursuant to the exercise of a Warrant and
shall have no obligation to settle a Warrant exercise unless a registration
statement under the Securities Act of 1933, as amended, (the “Act”) with respect
to the Common Stock is effective. In the event that a registration statement
with respect to the Common Stock underlying a Warrant is not effective under the
Act, the holder of such Warrant shall not be entitled to exercise such Warrant
and such Warrant may have no value and expire worthless. In no event will the
Company be required to net cash settle the warrant exercise. 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 or
down to the nearest whole number the number of Shares to be issued to such
holder.

     Upon any exercise of the Warrant for less than the total number of full
Shares provided for herein, there shall be issued to the registered holder
hereof or the registered holder’s 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 redeem the Warrant at any time prior to
its exercise, with a notice of redemption in writing to the holders of record of
the Warrant, giving 30 days’ notice of such redemption at any time after the
Warrant becomes exercisable if the last sales price of the Shares has been at
least $13.75 per share (subject to adjustment as provided in the Warrant
Agreement) 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 redemption is
given. The redemption 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 redemption shall be canceled on the books of the
Company and have no further value except for the $.01 redemption price.

	 	 	 	 	 	 	 	 	 
	By
	 	 	 	 	 	 	 	 
	 

	 	 

Secretary
	 	 
	 	 

Chairman of the Board
	 	 

 

 

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 sells, assigns, and transfes 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 constitutes and appoints                                                              Attorney to transfer this Warrant
Certificate on the books of the Company, with full power of substitution in the premises.

	 	 	 	 	 	 	 	 	 
	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

(SIGNATURE)
	 	 

The signature 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.EX-10.1

Exhibit 10.1

                          , 2008

Greenwich PMV Acquisition Corp.

140 Greenwich Avenue

Greenwich, Connecticut 06830

Ladenburg Thalmann & Co. Inc.

153 East 53rd Street, 49th Floor

New York, New York 10022

          Re: Initial Public Offering

Gentlemen:

          The undersigned stockholder, officer and/or director of Greenwich PMV Acquisition Corp.
(“Company”), in consideration of Ladenburg Thalmann & Co. Inc. (“Ladenburg”) entering into a letter
of intent (“Letter of Intent”) to underwrite an initial public offering of the securities of the
Company (“IPO”) and embarking on the IPO process, hereby agrees as follows (certain capitalized
terms used herein are defined in paragraph [15] hereof):

          1. If the Company solicits approval of its stockholders of a Business Combination, the
undersigned will vote all Insider Shares beneficially owned by him in accordance with the majority
of the shares of common stock voted by the holders of the IPO Shares. If the Company seeks
stockholder approval for its dissolution and plan of distribution prior the consummation of a
Business Combination, the undersigned agrees to vote all Insider Shares in favor of such
dissolution and plan of distribution. In addition, the undersigned agrees to vote all IPO Shares
that may be acquired by him in the IPO or in the aftermarket in favor of such Business Combination
and dissolution and plan of distribution, respectively.

          2. In the event that the Company fails to consummate a Business Combination within 24 months
from the consummation of the IPO (or 30 months from the consummation of the IPO under the
circumstances described in the prospectus relating to the IPO), the undersigned will (i) cause the
Trust Fund (as defined in the Letter of Intent) to be liquidated and distributed to the holders of
the IPO Shares and (ii) take all reasonable actions within his power to cause the Company to
liquidate as soon as reasonably practicable. The undersigned hereby waives any and all right,
title, interest or

 

 

Greenwich PMV Acquisition Corp.

Ladenburg Thalmann & Co. Inc.

                          , 2008

Page 2

claim of any kind in or to any distribution of the Trust Fund and any remaining net assets of the
Company as a result of such liquidation with respect to his Insider Shares (“Claim”) and hereby
waives any Claim the undersigned may have in the future as a result of, or arising out of, any
contracts or agreements with the Company and will not seek recourse against the Trust Fund for any
reason whatsoever.

          [For Mario J. Gabelli Insider Letter Only] In the event of the liquidation of the Trust
Account, GGCP, Inc. agrees to indemnify and hold harmless the Company against any and all loss,
liability, claims, damage and expense whatsoever (including, but not limited to, any and all legal
or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened, or any claim whatsoever) to which the Company may become
subject as a result of any claim by any vendor or other person who is owed money by the Company for
services rendered or products sold or contracted for, or by any target business, but only to the
extent necessary to ensure that such loss, liability, claim, damage or expense does not reduce the
amount in the Trust Account; provided that such indemnity shall not apply (i) if such vendor, other
person or prospective target business executed an agreement waiving any claims against the Trust
Fund, or (ii) as to any claims under the Company’s obligation to indemnify the Underwriters against
certain liabilities, including liabilities under the Securities Act of 1933, as amended (the
“Securities Act”).

          3. [For Executive Officers Insider Letters Only] In order to minimize potential conflicts of
interest which may arise from multiple affiliations, the undersigned agrees to present to the
Company for its consideration, prior to presentation to any other blank check or other similar
company, any suitable opportunity to acquire an operating business, until the earlier of the
consummation by the Company of its initial Business Combination, the liquidation of the Company and
such time as the undersigned ceases to be an officer of the Company, subject to any pre-existing
fiduciary and contractual obligations the undersigned might have.

          4. The undersigned acknowledges and agrees that the Company will not: (i) acquire an entity
with which the Company’s officers or directors, through their other business activities, had
acquisition or investment discussions in the past; (ii)
consummate Business Combination with an entity which is, or has been within the past five years,
affiliated with any of the Insiders or their affiliates, including an entity that is either a
portfolio company of, or has otherwise received a material financial investment from, any private
equity fund or investment company (or an affiliate thereof) that is affiliated with such
individuals; or (iii) enter into a Business Combination where the Company acquires less than 100%
of a target business and any of the Insiders or their

 

 

Greenwich PMV Acquisition Corp.

Ladenburg Thalmann & Co. Inc.

                          , 2008

Page 3

affiliates acquire the remaining portion of
such target business, unless, in any of such cases, the Company obtains an opinion from an
independent investment banking firm reasonably acceptable to Ladenburg that the Business
Combination is fair to the Company’s unaffiliated stockholders from a financial point of view.

          5. Neither the undersigned, any member of the family of the undersigned, nor any affiliate
(“Affiliate”) of the undersigned will be entitled to receive and will not accept any compensation
for services rendered to the Company prior to or in connection with the consummation of the
Business Combination; provided that commencing on the effective date (“Effective Date”) of the
registration statement related to the IPO, GGCP, Inc. (“Related Party”), shall be allowed to charge
the Company $10,000 per month, representing an allocable share of Related Party’s overhead, to
compensate it for the Company’s use of Related Party’s offices, utilities and personnel. Related
Party and the undersigned shall also be entitled to reimbursement from the Company for their
out-of-pocket expenses incurred in connection with seeking and consummating a Business Combination.

          6. Neither the undersigned, any member of the family of the undersigned, nor any Affiliate of
the undersigned will be entitled to receive or accept a finder’s fee or any other compensation in
the event the undersigned, any member of the family of the undersigned or any Affiliate of the
undersigned originates a Business Combination.

          7. The undersigned will escrow all of the Insider Units, subject to the terms of a Securities
Escrow Agreement which the Company will enter into with the undersigned and an escrow agent
acceptable to the Company.

          8. The undersigned agrees to be the                      of the Company until the earlier of the consummation
by the Company of a Business Combination and the liquidation of the Company. The undersigned’s
biographical information furnished to the Company and Ladenburg and attached hereto as Exhibit A is
true and accurate in all respects, does not omit any material information with respect to the
undersigned’s background and contains all of the information required to be disclosed pursuant to
Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The
undersigned’s Questionnaire furnished to the Company and EBC and annexed as Exhibit B hereto is
true and accurate in all respects. The undersigned represents and warrants that:

 

 

Greenwich PMV Acquisition Corp.

Ladenburg Thalmann & Co. Inc.

                          , 2008

Page 4

               (a) he is not subject to, or a respondent in, any legal action for, any injunction,
cease-and-desist order or order or stipulation to desist or refrain from any act or practice
relating to the offering of securities in any jurisdiction;

               (b) he has never been convicted of or pleaded guilty to any crime (i) involving any fraud or
(ii) relating to any financial transaction or handling of funds of another person, or (iii)
pertaining to any dealings in any securities and he is not currently a defendant in any such
criminal proceeding; and

               (c) he has never been suspended or expelled from membership in any securities or commodities
exchange or association or had a securities or commodities license or registration denied,
suspended or revoked.

          9. The undersigned has full right and power, without violating any agreement by which he is
bound, to enter into this letter agreement and to serve as                      of the Company.

          10. The undersigned hereby waives his right to exercise conversion rights or appraisal rights
with respect to any shares of common stock of the Company owned or to be owned by the undersigned,
directly or indirectly, and agrees that he will not seek conversion or appraisal with respect to
such shares in connection with any vote to approve a Business Combination.

          11. The undersigned hereby agrees to not propose, or vote in favor of, an amendment to the
Company’s Certificate of Incorporation to extend the period of time in which the Company must
consummate a Business Combination prior to its liquidation. Should such a proposal be put before
stockholders other than through actions by the undersigned, the undersigned hereby agrees to vote
against such proposal. This paragraph may not be modified or amended under any circumstances.

          12. [For Mario J. Gabelli Insider Letter Only] In the event that the Company does not
consummate a Business Combination and must liquidate and its remaining net assets are insufficient
to complete such liquidation, GGCP, Inc. agrees to advance such funds necessary to complete such
liquidation and agrees not to seek repayment for such expenses.

          13. This letter agreement shall be governed by and construed and enforced in accordance with
the laws of the State of New York, without giving effect to conflicts of law principles that would
result in the application of the substantive laws of

 

 

Greenwich PMV Acquisition Corp.

Ladenburg Thalmann & Co. Inc.

                          , 2008

Page 5

another jurisdiction. The undersigned hereby
(i) agrees that any action, proceeding or claim against his arising out of or relating in any way
to this letter agreement (a “Proceeding”) shall be brought and enforced in the courts of the State
of New York of the United States of America for the Southern District of New York, and irrevocably
submits to such jurisdiction, which jurisdiction shall be exclusive, (ii) waives any objection to
such exclusive jurisdiction and that such courts represent an inconvenient forum and (iii)
irrevocably agrees to appoint Graubard Miller as agent for the service of process in the State of
New York to receive, for the undersigned and on his behalf, service of process in any Proceeding.
If for any reason such agent is unable to act as such, the undersigned will promptly notify the
Company and Ladenburg and appoint a substitute agent acceptable to each of the Company and
Ladenburg within 30 days and nothing in this letter will affect the right of either party to serve
process in any other manner permitted by law.

          15. As used herein, (i) a “Business Combination” shall mean an acquisition by merger, capital
stock exchange, asset or stock acquisition, reorganization or otherwise, of an operating business;
(ii) “Insiders” shall mean all officers, directors and
stockholders of the Company immediately prior to the IPO; (iii) “Insider Shares” shall mean all of
the shares of Common Stock of the Company included in the Insider Units; (iv) “Insider Units” shall
mean all of the units of the Company acquired by the Insiders prior to the IPO (including the
underlying Insider Shares and warrants (and shares reserved for issuance upon exercise of such
warrants)); and (v) “IPO Shares” shall mean the shares of Common Stock issued in the Company’s IPO.

	 	 	 	 	 
	 	Print Name of Insider
 	 
	 	 	 
	 	 	 
	 	Signature
 	 
	 	 	 
	 	 	 

 

 

	 	 	 	 	 

Exhibit A

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