Document:

exv4w1

 

EXHIBIT 4.1

	 	 	 	 	 
	No. ___

	 	Ad.Venture Partners, Inc.
	 	___Unit(s)
	CUSIP No. ___

	 	Incorporated under the Laws of the State of Delaware	 	 

UNIT(S) CONSISTING OF ONE SHARE OF COMMON STOCK AND TWO WARRANTS, EACH TO PURCHASE ONE SHARE OF

COMMON STOCK

SEE REVERSE FOR CERTAIN DEFINITIONS

THIS CERTIFIES THAT
___________________________________________________________________________________ IS THE OWNER
OF__________________________________________________________________________________________________
_________ UNIT(S). Each Unit (“Unit”) consists of one (1) share of common stock, par value
$.0001 per share (“Common Stock”), of Ad.Venture Partners, Inc.., a Delaware corporation (the
“Corporation”), 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). The Common Sock and
Warrants comprising the Units represented by this certificate are not transferable separately until
the earlier of the expiration of the underwriter’s option to purchase up to 2,250,000 additional
units to cover over-allotments or 20 days after the exercise in full or in part by the underwriters
of such option. The terms of the Warrants are governed by a Warrant Agreement, dated as of
__________, 2005 (the “Warrant Agreement”), between the Corporation 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,
8th Floor, New York, NY 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 registered by the Registrar of the Corporation.

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

Dated: _________________, 2005

	 	 	 	 	 	 	 
	                                                            

	 	Ad.Venture Partners, Inc.
	 	                                                            
	Secretary

	 	CORPORATE SEAL
	 	Chief Executive Officer
	 

	 	 	2005	 	 	 
	 

	 	DELAWARE
	 	 
	                                                            
	 	 	 	 	 	 
	Transfer Agent
	 	 	 	 	 	 

 

 

     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

	 	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.

Ad.Venture Partners, Inc.

     The Corporation will furnish without charge to each stockholder who so requests the
powers, designations, preferences and relative, participating, option 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 Units represented hereby
are issued and shall be held subject to the terms and conditions applicable to the securities
underlying and comprising the Units.

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 Corporation
with full power of substitution in the premises.

	 	 	 
	Dated                                                             

	 	By:                                                             
	 

	 	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:
	 	 
	 
	 	 
	By:                                                             
	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SVINGS AND LOAN
ASSOIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM, PURUSANE TO
S.E.C. RULE 17Ad-15).exv4w3

 

EXHIBIT 4.3

[FORM OF WARRANT CERTIFICATE]

     THIS WARRANT CERTIFICATE (I) CANNOT BE TRANSFERRED OR EXCHANGED UNTIL THE EARLIER TO OCCUR OF
THE EXPIRATION OF THE UNDERWRITERS’ OPTION TO PURCHASE UP TO 2,250,000 ADDITIONAL UNITS TO COVER
OVER-ALLOTMENTS OR 20 DAYS AFTER THE EXERCISE IN FULL OR IN PART BY THE UNDERWRITERS OF SUCH OPTION
UNLESS INCLUDED WITH A SHARE OF COMMON STOCK OF AD.VENTURE PARTNERS, INC. (THE “COMPANY”) 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 ___, 2006.

EXERCISABLE ONLY IF COUNTERSIGNED BY THE WARRANT

AGENT AS PROVIDED HEREIN.

Warrant Certificate evidencing

Warrants to Purchase

Common Stock, par value $.0001

As described herein.

Ad.Venture Partners, Inc.

	 	 	 
	No.                     

	 	CUSIP No.                     

VOID AFTER 5:00 P.M., NEW YORK TIME,

ON _______ __, 2010, OR UPON EARLIER REDEMPTION

     This certifies that ___or 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 Ad.Venture Partners, Inc., 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 $5.00 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 ___, 2006 and ending at 5:00
P.M., New York time, on ___, 2010 (the “Expiration Date”). Each Warrant remaining
unexercised after 5:00 P.M., New York 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 time, on any Business Day during
the Exercise Period (the “Exercise Date”) 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”), properly executed by the holder hereof on the
reverse of this Warrant Certificate properly executed by the institution in whose account the
Warrant is recorded on the records of the Depository (the “Participant”), and substantially in the
form included on the reverse of hereof 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 time, on the specified Exercise Date, the Warrants
will be deemed to be received and exercised on the Business Day next succeeding the Exercise Date.
If the date specified as the Exercise Date 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. 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

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Company shall have any obligation to inform a holder of Warrants of the invalidity of any
exercise of Warrants.

     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.

     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 technology, media or telecommunications
industries (collectively, the “Target Business”) having collectively, a fair market value (as
calculated in accordance with the Company’s Amended and Restated Certificate of Incorporation) at
least equal to 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 this 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, 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 ___, 2005 (the “Warrant Agreement”), between the Company and the Warrant Agent and is
subject to the terms and provisions contained in the Warrant Agreement, to 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 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 18 W. 18th Street, 11th Floor, New York, NY
10011.

     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 the price of $0.01 per Warrant (the “Redemption
Price”); provided, that the last sales price of the Shares has been at least $8.50 per
Share, on any twenty (20) trading days within a thirty (30) trading day period ending

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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 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 whatsoever
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 be
exchanged or transferred only 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 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.

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     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.

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

Dated as of ________ __, 2005

	 	 	 	 	 	 	 
	 

	 	Ad.
	 	Venture Partners, Inc.
	 	 
	 

	 	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 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 at Account No. ___, 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,
___of the shares of Common Stock (each, a “Share”) of Ad.Venture Partners, Inc., 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.

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	Dated: ___, ___
	 	 
	 
	 	 
	      Name                                         
	 	 
	                                        

	 	          (Please Print)
	/ / / / — / / / — / / / / /
	 	 
	(Insert Social Security
	 	 
	or Other Identifying
	 	 
	Number of Holder)

	 	Address                                                             
	 
	 	 
	 

	 	                                                                 

	 	 	Signature                                                            

          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)

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	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 the books of
	 	 
	the Warrant Agent:

	 	                                                            
	 

	 	(Street Address)
	 
	 	 
	 

	 	                                                            
	 

	 	(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
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 a 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 Code

    and Number                                                         

Authorized

    Signature                                                              

Name                                                                         

Title                                                                           

Dated:                                                         , 200___

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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

	 	 
	 	(Please insert social security or
	including zip code of assignee)

	 	 
	 	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
Code
	 	 
	and Number                                                             
	 	 
	Authorized
	 	 
	Signature                                                             
	 	 
	Name                                                             
	 	 
	Title                                                             
	 	 
	Dated:                                         , 200___
	 	 

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