Document:

ex_124972.htm

Exhibit 4.2

 

FIRST COMMUNITY BANKSHARES, INC.

 

Organized under the Laws of the Commonwealth of Virginia

	
			Common Stock

			Certificate Number _____ 

				 	
			Common Stock

			_____ Shares

			

                                                                                     

	
			(See Reverse Side for Definition of Certain Abbreviations if Used in the Inscription Hereon)

			 

				 	
			This Certificate is Transferable at the Officers of the Transfer Agent

			
	
			 

			 

				 	
			CUSIP ___________

			

	
			This certifies that

				 	
			 

			
	 	 	 
	is the owner of [ INSERT NUMBER] fully paid and non-assessable common shares of the par value of One Dollar ($1.00) per share of

 

First Community Bankshares, Inc.

 

transferable on the books of the corporation by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This Certificate, and the shares represented hereby are issued under and shall be subject to all the provisions of the Articles of Incorporation of the corporation and all amendments thereto.

 

This certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

 

WITNESS the facsimile seal of the corporation and the signature of its duly authorized officers.

 

Dated: ____________________________

 

	 	 	 
	Authorized Signature of the President	 	Authorized Signature of the Secretary

          

[Corporate Seal]

 

 

 

 

A FULL STATEMENT OF THE DESIGNATIONS, PREFERENCES, AND RELATIVE PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE CORPORATION OR SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS WILL BE FURNISHED BY THE CORPORATION, WITHOUT CHARGE, TO EACH STOCKHOLDER WHO SO REQUESTS, UPON APPLICATION TO THE TRANSFER AGENT, OR TO THE SECRETARY OF THE CORPORATION.

 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN OR DESTROYED THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

 

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 ______

			                                        (Cust)                 (Minor)

			under Uniform Gifts to Minors Act

			(State) ______________________

			
	
			TEN ENT - as tenants by the entireties

			 

				 
	
			JT TEN - as joint tenants with right of survivorship and not as tenants in common

			 

				 

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

 

	
			 [_______________________________]

				 	
			 

			

 

OF THE SHARES REPRESENTED BY THIS CERTIFICATE AND DO HEREBY IRREVOCABLE CONSTITUTE AND APPOINT _______________________________________________ ATTORNEY TO TRANSFER THE SHARES ON THE BOOKS OF THE CORPORATION.

 

DATED: _____________________________

 

____________________________                                     _______________________________________

 

____________________________                                     _______________________________________

 

NOTICE THE SIGNATURE OF THIS ASSIGNMENT MUST BE EXACTLY THE SAME AS THE NAME WRITTEN UPON THE FACE OF THIS CERTIFICATE.

 

2Exhibit 10.1

 

September __, 2018

 

Alberton Acquisition Corporation

Room 1001, 10/F, Capital Center

151 Gloucester Road

Wanchai, Hong Kong

 

Chardan Capital Markets LLC

17 State Street, Suite 1600

New York, NY 10004

 

		Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter is being delivered to you in accordance with the
Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Alberton Acquisition Corporation,
a British Virgin Islands company (the “Company”), and Chardan Capital Markets LLC, representative of the underwriters
(the “Representative”), relating to an underwritten initial public offering (the “IPO”) of the Company’s
units (the “Units”), each comprised of one ordinary share of the Company, no par value per share (the “Ordinary
Shares”) and one right entitling its holder to receive one-tenth (1/10) of one Ordinary Share (the “Rights”).
Certain capitalized terms used herein are defined in paragraph 15 hereof.

 

In order to induce the Company and the underwriters in the IPO
to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit that such IPO will confer
upon the undersigned as a shareholder of the Company, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

 

1. If the Company solicits
approval of its shareholders of a Business Combination, the undersigned will vote all Ordinary Shares beneficially owned by him,
her or it, whether acquired before, in or after the IPO, in favor of any proposed initial Business Combination.

 

2. (a) In the event that the Company fails to
consummate a Business Combination within 12 months (or, in the event that the Company extended the period of time to
consummate a business combination up to two times, each by an additional three months, within 18 months) from the closing of
the Company’s IPO, the undersigned shall take all reasonable steps to (i) cause the Trust Fund to be liquidated and
distributed to the holders of the IPO Shares and (ii) cause the Company to liquidate as soon as reasonably practicable.

 

(b) The
undersigned hereby waives any and all right, title, interest or 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, her or its Insider Shares [and any
shares underlying the Private Units]1
(“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. [The undersigned
acknowledges and agrees that there will be no distribution from the Trust Fund with respect to any Rights underlying the Private
Units, all of which will terminate on the Company’s liquidation.]2

 

 

1
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

2
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

 

     

     

    

 

3. [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, the undersigned agrees to advance such funds necessary to complete such liquidation and agrees not to seek recourse
for such expenses.]3

 

4. [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, it will be liable to ensure that the proceeds in the trust account are not reduced by the claims of target businesses
or claims of vendors or other entities that are owed money by us for services rendered or contracted for or products sold to us;
provided however, that it will have no liability (1) as to any claimed amounts owed to a target business or vendor or other entity
who has executed an agreement with us waiving any right, title, interest or claim of any kind they may have in or to any monies
held in the trust account, or (2) as to any claims for indemnification by the underwriters of this offering against certain liabilities,
including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).]4

 

5. The undersigned
will escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement, which the Company will enter
into with the undersigned and an escrow agent acceptable to the Company.

 

6. [The undersigned
agrees that until the Company consummates a Business Combination, the undersigned’s Private Units will be subject to the
transfer restrictions described in the Subscription Agreement relating to the undersigned’s Private Units.]5

 

7. 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 person or entity, any suitable opportunity to acquire a target business,
until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to any
pre-existing fiduciary and contractual obligations the undersigned might have.

 

8. The undersigned
acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated with any Insiders
of the Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated with, or has
received financial investment from, an entity with which any Insider or their affiliates is affiliated, such transaction must be
approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an
independent investment banking firm or another independent entity that commonly renders valuation opinions that such Business Combination
is fair to the Company’s unaffiliated shareholders from a financial point of view.

 

 

3
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

4
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

5
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

 

    -2-

     

    

 

9.
Other than the Insider Shares purchased or granted to the undersigned [and the $250,000 payment to White and Williams LLP for
its legal services to the Company in connection with IPO]6,
neither the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to
receive and will not accept any compensation or other cash payment prior to, or for services rendered in connection with, the
consummation of the Business Combination; provided that the Company shall be allowed to repay [the $300,000 of non-interest bearing
loans made by Guan Wang,]7 working
capital loans made by the undersigned to the Company in cash upon consummation of the Business Combination [and pay the undersigned
a fee of $1,000 per month for its general and administrative services to the Company commencing on the effective date of the Registration
Statement through consummation of the Business Combination]8.
Notwithstanding the foregoing, the undersigned and any affiliate of the undersigned shall be entitled to reimbursement from the
Company for their out-of-pocket expenses incurred in connection with identifying, investigating and consummating a Business Combination.

 

10. 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.

 

11. The
undersigned agrees to be a [director/officer] of the Company until the earlier of the consummation by the Company of a Business
Combination or the liquidation of the Company. The undersigned’s biographical information previously furnished to the Company
and the Representative is true and accurate in all material respects, does not omit any material information with respect to the
undersigned’s biography and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K,
promulgated under the Securities Act. The undersigned’s FINRA Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects. The undersigned represents and warrants that:

 

(a) He,
she or it has never had a petition under the federal bankruptcy laws or any state insolvency law been filed by or against (i) him,
her or it, or any partnership in which he or she was a general partner at or within two years before the time of filing; or (ii)
any corporation or business association of which he or she was an executive officer at or within two years before the time of such
filing;

 

 

6
NTD: Only include for Howard Jiang.

7
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

8
NTD: Only include for Hong Ye Hong Kong Shareholding Co., Limited.

 

    -3-

     

    

 

(b) He,
she or it has never had a receiver, fiscal agent or similar officer been appointed by a court for his business or property, or
any such partnership;

 

(c) He,
she or it has never been convicted of fraud in a civil or criminal proceeding;

 

(d) He,
she or it has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic
violations and minor offenses);

 

(e) He,
she or it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any
court of competent jurisdiction, permanently or temporarily enjoining or otherwise limiting him, her or it from (i) acting as a
futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction
merchant, any other person regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of
any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director
or employee of any investment company, bank, savings and loan association or insurance company, or from engaging in or continuing
any conduct or practice in connection with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging
in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal
or state securities or federal commodities laws;

 

(f) He,
she, or it has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any
federal or state authority barring, suspending or otherwise limiting for more than 60 days his, her or its right to engage in any
activity described in 10(e)(i) above, or to be associated with persons engaged in any such activity;

 

(g) He,
she, or it has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal
or state securities law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended
or vacated;

 

(h) He,
she, or it has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal
commodities law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or
vacated;

 

(i) He,
she, or it has never been the subject of, or a party to, any Federal, State or foreign judicial or administrative order, judgment,
decree or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any Federal, State
or foreign securities or commodities law or regulation, (ii) any law or regulation respecting financial institutions or insurance
companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money
penalty or temporary or permanent cease-and desist order, or removal or prohibition order or (iii) any law or regulation prohibiting
mail or wire fraud or fraud in connection with any business entity;

 

(j) He,
she or it has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or
any self-regulatory organization, any registered entity, or any equivalent exchange, association, entity or organization that has
disciplinary authority over its members or persons associated with a member;

 

    -4-

     

    

 

(k) He,
she or it has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii)
involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker,
dealer, municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

(l) He,
she or it was never subject to a final order of a state or foreign securities commission (or an agency of officer of a state performing
like functions); a state or foreign authority that supervises or examines banks, savings associations, or credit unions; a state
or foreign insurance commission (or an agency or officer of a state performing like functions); an appropriate federal or foreign
banking agency; the CFTC; or the National Credit Union Administration that is based on a violation of any law or regulation that
prohibits fraudulent, manipulative, or deceptive conduct;

 

(m) He,
she or it has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of
the sale of the Units, restrained or enjoined him, her or it from engaging or continuing to engage in any conduct or practice:
(i) in connection with the purchase or sale of any security; (ii) involving the making of any false filing with the SEC or any
foreign regulatory agency with similar functions; or (iii) arising out of the conduct of the business of an underwriter, broker,
dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

 

(n) He,
she or it has never been subject to any order of the SEC or any foreign regulatory agency with similar functions that orders him,
her or it to cease and desist from committing or causing a future violation of: (i) any scienter-based anti-fraud provision of
the federal securities laws, including, but not limited to, Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange
Act and Rule 10b-5 thereunder, Section 15(c) and Section 206(1) of the Advisers Act or any other rule or regulation thereunder;
or (ii) Section 5 of the Securities Act;

 

(o) He,
she or it has never filed (as a registrant or issuer), or been named as an underwriter in any registration statement or Regulation
A offering statement filed with the SEC that was the subject of a refusal order, stop order, or order suspending the Regulation
A exemption, or is, currently, the subject of an investigation or proceeding to determine whether a stop order or suspension order
should be issued;

 

(p) He,
she or it has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary
restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a
scheme or device for obtaining money or property through the mail by means of false representations;

 

(q) He,
she or it is not subject to a final order of a state securities commission (or an agency of officer of a state performing like
functions); a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission
(or an agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National
Credit Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission, authority,
agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association
or credit union activities;

 

    -5-

     

    

 

(r) He,
she or it is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934
(the “Exchange Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers Act”)
that: (i) suspends or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer or investment
adviser; (ii) places limitations on the activities, functions or operations of, or imposes civil money penalties on, such person;
or (iii) bars the undersigned from being associated with any entity or from participating in the offering of any penny stock; and

 

(s) He,
she or it has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a
securities self-regulatory organization (e.g., a registered national securities exchange or a registered national or affiliated
securities association) for any act or omission to act constituting conduct inconsistent with just and equitable principles of
trade.

 

12. The
undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter
agreement [and to serve as a [Director] [and officer] of the Company].

 

13. The
undersigned hereby waives his, her or its right to exercise redemption rights with respect to any Ordinary Shares owned or to be
owned by the undersigned, directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or in the aftermarket,
and agrees that he, she or it will not seek redemption with respect to or otherwise sell, such shares in connection with any vote
to approve a Business Combination with respect thereto, a vote to amend the provisions of the Company’s Amended and Restated
Memorandum and Articles of Association, or a tender offer by the Company prior to a Business Combination.

 

14. (a)
The undersigned hereby agrees to not propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum
and Articles of Association prior to the consummation of a Business Combination to affect the substance or timing of the Company’s
obligation to redeem all of its public shares if it cannot complete the Business Combination within 12 months (or 15 or 18 months,
as applicable) of the closing of the proposed offering unless the Company provides the public shareholders with an opportunity
to redeem their shares in connection with such amendment.

 

(b) The undersigned
hereby waives their redemption rights with respect to their public shares acquired in this IPO or in the aftermarket in connection
with a shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association
prior to the consummation of a Business Combination that would affect the substance or timing of the Company’s obligation
to redeem all of its public shares if it cannot complete the Business Combination within 12 months (or 15 or 18 months, as applicable)
of the closing of the proposed offering.

 

    -6-

     

    

 

15. In
connection with Section 5-1401 of the General Obligations Law of the State of New York, this letter agreement shall be governed
by, and construed in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would
result in the application of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding
or claim arising out of or relating in any way to this letter agreement shall be resolved through final and binding arbitration
in accordance with the International Arbitration Rules of the American Arbitration Association (“AAA”). The arbitration
shall be brought before the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be
conducted in English and will be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel and that
the arbitrator panel’s decision shall be final and enforceable by any court having jurisdiction over the party from whom
enforcement is sought. The cost of such arbitrators and arbitration services, together with the prevailing party’s legal
fees and expenses, shall be borne by the non-prevailing party or as otherwise directed by the arbitrators.

 

16. As
used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, contractual arrangement,
share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities;
(ii) “Insiders” shall mean all officers, directors and shareholders of the Company immediately prior to the IPO; (iii)
“Insider Shares” shall mean all of the Ordinary Shares of the Company acquired by an Insider prior to the IPO; (iv)
“IPO Shares” shall mean the Ordinary Shares issued in the Company’s IPO; (v) [“Private Units” shall
mean (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s
IPO and (y) the additional Units that may be purchased in connection with the exercise of the over-allotment option by the underwriters
in the IPO as described in the Registration Statement;]9
(vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the
IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s
IPO will be deposited.

 

17. Any
notice, consent or request to be given in connection with any of the terms or provisions of this letter agreement shall be in writing
and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.

 

If to the Representative:

 

Chardan Capital Markets LLC

17 State Street, Suite 1600

New York, NY 10004

Attn: George Kaufman

Facsimile: (646) 465-9039

 

 

9 NTD: Only include for Hong Ye Hong Kong Shareholding
Co., Limited.

 

    -7-

     

    

 

with a copy (which copy shall not constitute notice) to:

 

Loeb & Loeb LLP

345 Park Avenue

New York, NY 10154

Attn: Giovanni Caruso, Esq.

Facsimile: (212) 504-3013

 

 

If to the Company:

 

Alberton Acquisition Corporation

Room 1001, 10/F, Capital Center

151 Gloucester Road

Wanchai, Hong Kong

Attn: Bin Wang, Chief Executive Officer

 

with a copy (which copy shall not constitute notice) to:

 

White and Williams LLP

7 Times Square, Suite 2900

New York, NY 10036

Attn: Alexandria E. Kane, Esq.

 

18. No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
not operate to transfer or assign any interest or title to the purported assignee. This letter agreement shall be binding on the
parties hereto and any successors and assigns thereof.

 

19. The
undersigned acknowledges and understands that the underwriters in the IPO and the Company will rely upon the agreements, representations
and warranties set forth herein in proceeding with the IPO.

 

[_______]

 

	By:	 	 
	Name: [*]	 
	Title: [*]	 

 

    -8-

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