VOID IF NOT EXERCISED PRIOR TO 5:00
P.M. _____________ TIME
______________, 2014
ANDATEE CHINA MARINE FUEL SERVICES
CORPORATION
CUSIP ____________
WARRANT
THIS CERTIFIES THAT, for value received _____ is
the registered holder of a Warrant or Warrants expiring ____, 2014
(the “Warrant”), issued as part of a Unit consisting of
one (1) share of common stock, par value $.001 per share and one
(1) warrant (the “Warrant") of Andatee China Marine Fuel
Services Corporation, a Delaware corporation (the
“Company”), for each Warrant evidenced by this Warrant
Certificate.
Each Warrant entitles the holder to purchase one
(1) share of Common Stock for $___ per share, subject to
adjustment. Each Warrant entitles the holder thereof to purchase
from the Company, commencing on the date that this Warrant is
separately transferable from the Unit as determined by Newbridge
Securities Corporation one (1) share of Common Stock at the price
of $___ 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. 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. 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, pay to the holder cash in an
amount equal to the fair market value of such fractional
interest.
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 the registered
holder’s 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 Cert