Security Capital Assurance Ltd Common Share Certificate

Summary

This document certifies that the named holder owns fully paid and non-assessable common shares of Security Capital Assurance Ltd, a company organized under Bermuda law. The shares can be transferred by the holder or an authorized attorney upon proper endorsement and surrender of the certificate. The certificate is subject to the company's Memorandum of Association and Bye-Laws. It is only valid when countersigned by the transfer agent, The Bank of New York. The reverse side provides instructions for transferring shares and requires signature guarantees for assignments.

EX-4.1 3 c41990_ex4-1.txt EXHIBIT 4.1 [FACE OF CERTIFICATE] NUMBER SCA [LOGO] ORGANIZED UNDER THE LAWS OF BERMUDA [VIGNETTE] Security Capital Assurance Ltd COMMON SHARES SHARES CUSIP 000000 00 0 SEE REVERSE FOR CERTAIN DEFINITIONS THIS IS TO CERTIFY THAT is the registered holder of FULLY PAID AND NON-ASSESSABLE COMMON SHARES, PAR VALUE U.S. $0.01 PER SHARE, OF Security Capital Assurance Ltd transferable on the books of the Company 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 and shall be held subject to all the provisions of the Memorandum of Association and Bye-Laws of the Company, copies of which are on file with the Transfer Agent, to all of which the holder by acceptance hereof assents. This certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the seal of the Company and the signatures of its duly authorized officers. Dated COUNTERSIGNED AND REGISTERED: THE BANK OF NEW YORK TRANSFER AGENT AND REGISTRAR BY AUTHORIZED SIGNATURE [SEAL] /sig/ PRESIDENT AND CHIEF EXECUTIVE OFFICER /sig/ SECRETARY [REVERSE OF 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 TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UNIF GIFT MIN ACT - .....(Cust)..... Custodian .....(Minor)..... under Uniform Gifts to Minors Act .....(State)..... 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 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) shares represented by the within certificate, and do hereby irrevocably constitute and appoint Attorney to transfer the said shares on the books of the within named Company with full power of substitution in the premises. Dated 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: THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.