Leopard Acquisition Corp. Watch

from S-1 4 pages [Form of Warrant Certificate] [Face] Warrant Certificate Leopard Acquisition Corp

from S-1 36 pages Warrant Agreement Leopard Acquisition Corp. and Continental Stock Transfer & Trust Company, as Warrant Agent Warrant Agreement Dated as of February 21, 2008

from S-1 3 pages Specimen Founders’ Common Stock Certificate

from S-1 2 pages The Securities Represented Hereby Have Not Been Registered Under the Securities Act of 1933, as Amended, or Any State Securities Laws, and May Not Be Offered, Sold, Transferred or Otherwise Disposed of Unless Registered Under the Securities Act of 1933, as Amended, and Any Applicable State Securities Laws or an Exemption From Such Registration Is Available. These Securities Are Also Subject to Forfeiture and Additional Restrictions on Transfer or Sale and Other Matters Pursuant to a Founders’ Securities Purchase Agreement Dated [ ], 2008, a Copy of Which Can Be Obtained From the Company at Its Executive Offices