Document:

EX-4.3

 Exhibit 4.3 

[Form of Warrant Certificate] 

[FACE] 
 Number 

Warrants 
  

 
 THIS WARRANT
SHALL BE VOID IF NOT EXERCISED PRIOR TO 
 THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR 

IN THE WARRANT AGREEMENT DESCRIBED BELOW 

KAYNE ANDERSON ACQUISITION CORP. 

Incorporated Under the Laws of the State of Delaware 

CUSIP 48661U110 
 Warrant
Certificate 
 This Warrant Certificate certifies that
                    , or registered assigns, is the registered holder of warrant(s) evidenced hereby (the “Warrants” and
each, a “Warrant”) to purchase shares of Class A common stock, $0.0001 par value (“Common Stock”), of Kayne Anderson Acquisition Corp., a Delaware corporation (the
“Company”). Each whole Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares of Common Stock as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement, payable in lawful money (or through
“cashless exercise” as provided for in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency of the Warrant Agent referred
to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 

Each whole Warrant is initially exercisable for one fully paid and non-assessable share of Common
Stock. No fractional shares will be issued upon exercise of any Warrant. If, upon the exercise of Warrants, a holder would be entitled to receive a fractional interest in a share of Common Stock, the Company will, upon exercise, round down to the
nearest whole number the number of shares of Common Stock to be issued to the Warrant holder. The number of shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the
Warrant Agreement. 
 The initial Exercise Price per share of Common Stock for any Warrant is equal to $11.50 per share. The Exercise Price
is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement. 
 Subject to the conditions set forth in
the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such Warrants shall become void. 

 Reference is hereby made to the further provisions of this Warrant Certificate set forth on the
reverse hereof and such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This
Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. 
 This
Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof. 

 

			
	KAYNE ANDERSON ACQUISITION CORP.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Warrant Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Form of Warrant Certificate] 

[Reverse] 
 The Warrants
evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of
            , 2017 (the “Warrant Agreement”), duly executed and delivered by the Company to American Stock Transfer & Trust Company, LLC, a New York limited
liability trust company, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights,
limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered Holders or Registered
Holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them
in the Warrant Agreement. 
 Warrants may be exercised at any time during the Exercise Period set forth in the Warrant Agreement. The
holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon properly completed and executed, together with payment of the Exercise Price
as specified in the Warrant Agreement (or through “cashless exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of the Warrant Agent. In the event that upon any exercise of Warrants evidenced
hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate evidencing the number of Warrants not
exercised. 
 Notwithstanding anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the
time of exercise (i) a registration statement covering the shares of Common Stock to be issued upon exercise is effective under the Securities Act and (ii) a prospectus thereunder relating to the shares of Common Stock is current, except
through “cashless exercise” as provided for in the Warrant Agreement. 
 The Warrant Agreement provides that upon the occurrence
of certain events the number of shares of Common Stock issuable upon exercise of the Warrants set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to
receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to the nearest whole number of shares of Common Stock to be issued to the holder of the Warrant. 

Warrant Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person
or by legal representative or 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 evidencing in the aggregate a like number of Warrants. 
 Upon due presentation for registration of
transfer of this Warrant Certificate at the office 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(s) in exchange
for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or other governmental charge imposed in connection therewith. 

 The Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the
absolute owner(s) 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 holder(s) hereof, and for all other
purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of the Company. 

 Election to Purchase 

(To Be Executed Upon Exercise of Warrant) 

The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive
                     shares of Common Stock and herewith tenders payment for such shares of Common Stock to the order of Kayne Anderson Acquisition
Corp. (the “Company”) in the amount of $         in accordance with the terms hereof. The undersigned requests that a certificate for such shares of Common Stock be registered in the
name of     , whose address is                      and that such shares of Common Stock be delivered to
                     whose address is
                    . If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the
undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in the name of
                    , whose address is
                     and that such Warrant Certificate be delivered to
                    , whose address is
                    . 
 In the event
that the Warrant has been called for redemption by the Company pursuant to Section 6 of the Warrant Agreement and the Company has required cashless exercise pursuant to Section 6.3 of the Warrant Agreement, the number of
shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(b) and Section 6.3 of the Warrant Agreement. 

In the event that the Warrant is a Private Placement Warrant that is to be exercised on a “cashless” basis pursuant to
subsection 3.3.1(c) of the Warrant Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement. 

In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement,
the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement. 

In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number
of shares of Common Stock that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following:
The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive shares of Common Stock. If said number of shares is less
than all of the shares of Common Stock purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in
the name of                     , whose address is
                     and that such Warrant Certificate be delivered to
                    , whose address is
                    . 
 [Signature
Page Follows] 

					
	Date:              , 20	 		  	  

		 		  	(Signature)
			
		 		  	  

		 		  	  

		 		  	  

		 		  	(Address)
			
		 		  	  

		 		  	(Tax Identification Number)
	Signature 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 (OR ANY SUCCESSOR RULE)).Exhibit 10.1

 

G-III
Apparel Group, Ltd.

2015 long-term INCENTIVE PLAN

restricted stock unit agreement

 

AGREEMENT, made as
of the ___ day of March, 2017, between G-III APPAREL GROUP, LTD. (the “Company”) and __________________ (the “Participant”),
pursuant to the G-III Apparel Group, Ltd. 2015 Long-Term Incentive Plan (the “Plan”). Capitalized terms that are used
but not defined in this Agreement shall have the meanings given to them by the Plan.

 

1.       Restricted
Stock Unit Award. In accordance with the Plan, the Company hereby grants to the Participant ______ restricted stock units (“RSUs”).
Each RSU represents the right to receive one share of the Company’s common stock (a “Share”), subject to the
terms and conditions of this Agreement and the Plan.

 

2.       Vesting
Conditions. Subject to attainment of one of the performance criteria set forth below, the Participant’s right to receive
the Shares covered by this Agreement shall become vested in three equal annual installments on each of March 28, 2018, 2019 and
2020, subject to the Participant’s continuous employment or other service with the Company or its subsidiaries through the
applicable vesting date. The Participant shall have no right to receive any Shares under this Agreement unless one of the following
performance criteria in clause (a) or (b) below shall have been attained:

 

(a) Operating Performance
Criteria. The operating performance criteria is satisfied if the amount of the consolidated earnings before interest and financing
charges, net, depreciation, amortization and income tax expense of the Donna Karan business (“DK EBITDA”) is at least
$25,000,000 in either the fiscal year ending January 31, 2018, 2019 or 2020. For the purposes of calculating DK EBITDA, the Donna
Karan business consists of the consolidated operations of Donna Karan International Inc. and its subsidiaries acquired by the Company
on December 1, 2016, including, but not limited to, any new stores opened, any new licensing revenue generated and any additional
product category added subsequent to the acquisition date that either bear a Donna Karan, DKNY or derivative label or has been
sold by one of the Donna Karan divisions.

 

    	 	- 1 -	 

     

    

  

(b) Stock Price Performance
Criteria. The stock price performance criteria is satisfied if (i) during any period of twenty consecutive trading days beginning
on March 13, 2017 and ending on March 28, 2019, the average closing price per share of the Company’s common stock on the
Nasdaq Global Select Market is at least $30.00 or (ii) if the stock price performance criteria in clause (i) is not satisfied,
during any period of twenty consecutive trading days beginning after March 28, 2019 and ending on or prior to March 28, 2020, the
average closing price per share of the Company’s common stock on the Nasdaq Global Select Market is at least $31.50.

 

All determinations with respect to the
satisfaction of a performance criteria shall be made by the Committee. For the avoidance of doubt, the time-based vesting percentages
will be cumulative prior to the attainment of one of the performance criteria, such that, if one of the performance criteria is
attained and the Participant is then still in the continuous employ or service of the Company, then, upon the attainment of one
of the performance criteria, the Participant's vested percentage in the Shares covered by the award will be equal to the vested
percentage that would have been earned as of the date that performance criteria is attained if vesting had been determined as of
that date solely in accordance with the above time-based vesting schedule.

 

3.       Settlement
of RSUs. If and when RSUs become vested, the Participant will have the right to receive a corresponding number of whole Shares
from the Company in full settlement of such vested RSUs. Such Shares will be issued and delivered in certificated or electronic
form as soon as practicable (but not more than 60 days) after the applicable RSU vesting date, subject to any applicable tax withholding
and other conditions set forth in the Plan, this Agreement and/or applicable law.

 

4.       Termination
of Employment or Service. Upon the termination of the Participant’s employment or other service with the Company and
its subsidiaries, any unvested RSUs then covered by this Agreement shall be canceled and the Participant shall have no further
rights with respect thereto.

 

5.       No
Rights as a Shareholder. The Participant shall have no ownership or other

 

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rights of a stockholder with respect to
Shares underlying the RSUs (including any right to receive dividends or to vote such Shares) unless and until such Shares are issued
to the Participant in settlement of vested RSUs.

 

6.       Tax
Withholding. Prior to any settlement of vested RSUs, the Participant shall be required to pay or make adequate arrangements
satisfactory to the Company for the payment of all applicable tax withholding obligations. The Participant hereby authorizes the
Company to satisfy all or part of the amount of such tax withholding obligations by deducting such amount from cash compensation
or other payments that would otherwise be owed to the Participant. The Committee, acting in its sole discretion and pursuant to
applicable law, may permit the Participant to satisfy any such tax withholding obligations with Shares that would otherwise be
issued to the Participant in settlement of vested RSUs, and/or with previously-owned Shares held by the Participant. The amount
of the Participant’s tax withholding obligation that is satisfied in Shares, if any, shall be based upon the Fair Market
Value of the Shares on the date such Shares are delivered or withheld.

 

7.       Restrictions
on Transfer. Except as otherwise permitted by the Committee acting in its discretion under the Plan, the RSUs and the Participant’s
right to receive Shares in settlement of vested RSUs may not be sold, assigned, transferred, pledged or otherwise alienated or
disposed of (except by will or the laws of descent and distribution), and may not become subject to attachment, garnishment, execution
or other legal or equitable process, and any attempt to do so shall be null and void.

 

8.       No
Other Rights Conferred. Nothing contained herein shall be deemed to give the Participant a right to be retained in the employ
of the Company or any affiliate or affect the right

 

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of the Company and its affiliates to terminate
or amend the terms and conditions of the Participant’s employment.

 

9.       Provisions
of the Plan Control. The provisions of the Plan, the terms of which are incorporated in this Agreement, shall govern if and
to the extent that there are inconsistencies between those provisions and the provisions hereof.

 

10.       Successors.
This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns.

 

11.       Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and
may not be modified except by written instrument executed by the parties.

 

12.       Governing
Law. This Agreement shall be governed by the laws of the State of Delaware, without regard to its principles of conflict of
laws.

 

13.       Counterparts.
This Agreement may be executed in separate counterparts, each of which will be an original and all of which taken together shall
constitute one and the same agreement.

 

	 	G-III APPAREL GROUP, LTD.
	 	 	 
	 	 	 
	 	By:	 

 

	 	 
	 	Participant

 

    	 	- 4 -

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