EX-1.4 5 0005.txt SPECIMEN OF UNIT CERTIFICATE Exhibit 4.1 Specimen of Unit Certificate Certificate No. _____ _________ Units Certificate of Limited Partnership Interest SHAFFER DIVERSIFIED FUND, L.P. This certifies that ______________________________ is the record owner and holder of ______________________________ (__________) units of limited partnership interest in Shaffer Diversified Fund, L.P., a Delaware limited partnership (the "Fund"). This Certificate is issued by the Fund and accepted by the holder, subject to all of the terms and conditions contained in the Amended and Restated Agreement of Limited Partnership dated __________, 200_, as it may be amended from time to time (the "Limited Partnership Agreement"), copies of which are on file in the principal office of the Fund. Transferability of the Units represented hereby is subject to the restrictions set forth in said Limited Partnership Agreement, and no transfer of Units shall be valid or effective unless and until the terms and conditions of the Limited Partnership Agreement shall have been complied with. The limited partnership interest represented by this Certificate may not be redeemed without surrendering this Certificate to the Fund. Dated: _______________ Attest: SHAFFER DIVERSIFIED FUND, L.P. ______________________________ By: Shaffer Asset Management, Inc., Secretary Its General Partner By:_________________________ Daniel S. Shaffer President ASSIGNMENT As and for value received, the undersigned hereby transfers and assigns to ________________________________________________ ______________________________ Name of Assignee (please print) Social Security or Tax Identification Number ________________________________________________________________________________ Street Address City State Zip Code ____________________ units of limited partnership interest ("Units") in Shaffer Diversified Fund, L.P., a Delaware limited partnership (the "Fund"), represented by the within Certificate, and hereby irrevocably constitutes and appoints Shaffer Asset Management, Inc., the general partner of the Fund (the "General Partner"), as Attorney with full power of substitution, to transfer said Units on the books of the Fund. The undersigned acknowledges and understands that the foregoing transfer will not become effective unless and until approved by the General Partner. Dated:__________________ __________________________________________ Signature of Assignor (exactly as shown on the face of this Certificate) ACCEPTANCE OF ASSIGNMENT The undersigned hereby accepts the assignment of units of limited partnership interest in Shaffer Diversified Fund, L.P. (the "Fund") and agrees to be bound by the provisions of the Certificate of Limited Partnership of the Fund, as amended, and the Amended and Restated Agreement of Limited Partnership of the Fund, as amended. The undersigned hereby acknowledges and understands that the foregoing transfer will not become effective unless and until approved by Shaffer Asset Management, Inc., the general partner of the Fund. Dated:__________________ ________________________________________ Signature of Assignee ________________________________________ Name of Assignee (please print) APPROVAL OF GENERAL PARTNER Shaffer Asset Management, Inc., the general partner of Shaffer Diversified Fund, L.P., a Delaware limited partnership, hereby approves the transfer of units of limited partnership interest in the Fund hereinabove set forth. Dated:__________________ SHAFFER ASSET MANAGEMENT, INC. By:_____________________________________ Daniel S. Shaffer President -2-