Document:

exv4w7

Exhibit
4.7

[SPECIMEN COMMON STOCK CERTIFICATE]

	 	 	 
	NUMBER ______

	 	SHARES ______

CUSIP 961443 108

WESTERN LIBERTY BANCORP

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

COMMON STOCK

SEE REVERSE FOR

CERTAIN DEFINITIONS

This Certifies that

is the owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001

EACH OF THE COMMON STOCK OF

WESTERN LIBERTY BANCORP

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:

CORPORATE

SEAL

	 	 	 	 	 
	 

	 	 	 	 
	TREASURER

	 	DELAWARE
	 	CHAIRMAN

 

 

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 and
	 	under
Uniform Gifts to Minors Act	 	 	 	 
	 

	 	not as tenants in common
	 	___________________________	 	 	 	 
	 

	 	 	 	(State)	 	 	 	 

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

WESTERN LIBERTY BANCORP

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.

2

 

	 	 	 	 	 
	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 __________

	 	 	 
	 
	 	 
	 

	 	 
	 

	 	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).
	 	 

3exv4w8

Exhibit
4.8

	 	 	 	 	 
	NUMBER____________

	 	[SPECIMEN WARRANT CERTIFICATE]
	 	WARRANTS
	 

	 	 	 	 
	 

	 	THIS WARRANT WILL BE VOID IF NOT
EXERCISED
PRIOR TO

5:00 P.M. EASTERN TIME ON THE DATE
THAT IS
THE SEVEN YEAR ANNIVERSARY
FROM THE
CONSUMMATION OF THE
BUSINESS
COMBINATION
OR UPON EARLIER REDEMPTION	 	 
	 

	 	 	 	 
	 

	 	WESTERN LIBERTY BANCORP
	 	CUSIP____________
	 

	 	 	 	 
	 

	 	WARRANT	 	 

THIS CERTIFIES THAT, for value received

is the registered holder of a Warrant or Warrants expiring at 5:00 p.m., Eastern Time on the date
that is the seven year anniversary from the date of the Business Combination (as defined below), or
upon earlier redemption (the “Warrant”), to purchase one fully paid and non-assessable share of
Common Stock, par value $0.0001 per share (“Shares”), of Western Liberty Bancorp, 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 on the completion of an
initial acquisition by the Company of one or more assets or operating businesses through a merger,
capital stock exchange, asset or stock acquisition, exchangeable share transaction or other similar
business combination (“Business Combination”), such number of Shares of the Company at the price of
$12.50 per share, upon surrender of this Warrant Certificate accompanied by the annexed duly
executed subscription form and payment of the Warrant Price (as hereinafter defined) at the office
or agency of the Warrant Agent, 17 Battery Place, New York, New York 10004 (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 Amended and Restated Warrant Agreement, dated as of July 20, 2009, as such agreement may
be amended, restated or supplemented from time to time, between the Company and Continental Stock
Transfer & Trust Company (the “Warrant Agreement”). In no event shall the registered holder of this
Warrant be entitled to receive a net-cash settlement, shares of common stock or other consideration
in lieu of physical settlement in Shares of the Company other than as provided in Section 6.5 of
the Warrant Agreement. The Warrant Agreement provides that upon the occurrence of certain events
the Warrant Price and the number of Warrant Shares purchasable hereunder, 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 redeem all (but not part) of the then outstanding Warrants, with
a notice of redemption in writing to the holders of record of the Warrants then outstanding, giving
30 days’ notice of such redemption at any time after such Warrants become exercisable if the last
sale price of the Shares has been at least $21.00 per share on each of 20 trading days within a 30
trading day period ending on the third business day prior to the date on which notice of such
redemption is given. The Company may not redeem the Warrants unless the Warrants comprising the
units sold in its initial public offering and the shares of common stock underlying those Warrants
are covered by an effective registration statement from the beginning of the measurement period
through the date fixed for the redemption. 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 cancelled on the books of the Company and have no
further value except for the $.01 redemption price.

	 	 	 	 	 
	By:

	 	WESTERN LIBERTY BANCORP

CORPORATE	 	 
	 

Treasurer

	 	THE STATE OF DELAWARE

SEAL

2009
	 	 

Chairman
	 
	 	 	 	 
	COUNTERSIGNED:

	 	 	 	 
	Continental Stock Transfer & Trust Company, 

as Warrant Agent
	 	 	 	 
	 
	 	 	 	 
	 

Authorized Officer
	 	 	 	 
	 
	 	 	 	 
	 

 

 

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 transfers unto

(PLEASE TYPE OR PRINT NAME AND ADDRESS)

(SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

                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 NEW YORK STOCK EXCHANGE.

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