EX-4.6 12 file009.htm SPECIMEN CLASS


                                                                     EXHIBIT 4.6


NUMBER WA -________-       (SEE REVERSE SIDE FOR LEGEND)                WARRANTS
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                   (THIS WARRANT WILL BE VOID IF NOT EXERCISED
            PRIOR TO 5:00 P.M. NEW YORK CITY TIME, __________, 2010

                              DG ACQUISITION CORP.
                                                                    CUSIP
                           CLASS B WARRANT CERTIFICATE

THIS CERTIFIES THAT, for value received ________________________________________
is the registered holder of a Class B Warrant or Warrants expiring _______, 2010
("Warrant(s)") to purchase one fully paid and non-assessable share of Class B
common stock, par value $.0001 per share (or, following the conversion of the
Class B common stock into Class A common stock, one fully paid and
non-assessable share of Class A common stock, par value $.0001 per share) (a
"Share"), of DG 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 on the later of (i) the
Company's completion of a acquisition by merger, capital stock exchange, asset
or stock acquisition, reorganization or otherwise, of an operating business and
(ii) ______________, 2006, such number of Shares of the Company at the price
(the "Warrant Price") equal to $6.00 per share, upon surrender of this Warrant
Certificate and payment of the Warrant Price at the office or agency of the
Warrant Agent, Continental Stock Transfer & Trust Company (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 Warrant Agreement between the Company and
Continental Stock Transfer & Trust Company. 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.

     Fractions of a Share will be issued upon any exercise of the Warrant. If
the holder of the Warrant would be entitled to receive a fraction of a Share
upon any exercise of the 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 call the Warrant at any time prior to its
exercise, with a notice of call in writing to the holders of record of the
Warrant, giving 30 days' notice of such call at any time after the Warrant
becomes exercisable if the last sale price of the Class A common stock of the
Company has been at least $11.50 per share for any 20 trading days within a
30-trading day period ending three business days prior to the date on which
notice of such call is given. The call 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 call shall be canceled on the books
of the Company and have no further value except for the $.01 call price.


By:
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     Chairman of the Board                                 Secretary
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                                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


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                     (PLEASE TYPE OR PRINT NAME AND ADDRESS)

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                 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

and be delivered to ____________________________________________________________
                             (PLEASE PRINT OR TYPE NAME AND ADDRESS)

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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:
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                                              (SIGNATURE)

                                              ----------------------------------
                                              (ADDRESS)
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                                              (TAX IDENTIFICATION NUMBER)

                                   ASSIGNMENT
       To Be Executed by the Registered Holder in Order to Assign Warrants

For Value Received, _____________________ hereby sell, assign, and transfer unto

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                     (PLEASE TYPE OR PRINT NAME AND ADDRESS)

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                 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)
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and be delivered to ____________________________________________________________
                             (PLEASE PRINT OR TYPE NAME AND ADDRESS)

______________________ of the Warrants represented by this Warrant Certificate,

and hereby irrevocably constitute and appoint _________________________________

Attorney to transfer this Warrant Certificate on the books of the Company, with
full power of substitution in the premises.


Dated:
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                                                         (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.