Exhibit 4.1 


 


NUMBER UNITS


U-


 


SEE REVERSE FOR CERTAIN


DEFINITIONS


 


CUSIP [●]


 


CF CORPORATION


 


UNITS CONSISTING OF ONE CLASS A ORDINARY
SHARE 


AND ONE-HALF OF ONE WARRANT, EACH WHOLE WARRANT
ENTITLING 


THE HOLDER TO PURCHASE ONE CLASS A ORDINARY
SHARE


 


THIS CERTIFIES THAT _______________________________________________________________is
the owner of ________________________________________ Units.


 


Each Unit (“Unit”)
consists of one (1) Class A Ordinary Share, par value $0.0001 per share (“Ordinary Share”), of CF Corporation,
a Cayman Islands exempted company (the “Company”), and one-half of one warrant (the “Warrant”).
Each whole warrant entitles the holder to purchase one Ordinary Share for $11.50 per share (subject to adjustment). Each Warrant
will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, share exchange,
asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses (each a “Business
Combination”), or (ii) twelve (12) months from the closing of the Company’s initial public offering, and will
expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Warrants
first become exercisable, or earlier upon redemption or liquidation (the “Expiration Date”). The Ordinary
Shares and Warrants comprising the Units represented by this certificate are not transferable separately prior to ____________,
20___, unless Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities
(USA) LLC elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the
Securities and Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds
of the offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed
by a Warrant Agreement, dated as of _____________, 2016, between the Company and Continental Stock Transfer & Trust Company,
as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of
this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent
at 17 Battery Place, New York, New York 10004, and are available to any Warrant holder on written request and without cost.


 


This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.


 


This certificate shall be governed by and construed
in accordance with the internal laws of the State of New York.


 


Witness the facsimile signature of its duly
authorized officers.


 


	 	 	 
	Secretary	 	President


 




     


     


    

 


CF Corporation


 


The Company will furnish
without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.


 


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	 	UNIF GIFT MIN ACT	—  	___________ Custodian
	 	 	 	 	 	 	___________
	TEN ENT	—	as tenants by the entireties	 	 	 	(Cust)
	 	 	 	 	 	 	(Minor)
	 	 	 	 	 	 	Under Uniform Gifts to Minors
	JT TEN	—	as joint tenants with right of survivorship and not as tenants in common	 	 	 	
         

        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)
	 
	 
	 


 


________________________________________ Units represented by
the within Certificate, and do hereby irrevocably constitute and appoint


 


________________________________________________ Attorney to
transfer the said Units on the books of the within named Corporation 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 AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES ACT OF 1933, AS AMENDED). 


 




     


     


    

 


In each case, as more fully described in the
Company’s final prospectus dated __________, the holder(s) of this certificate shall be entitled to receive a pro-rata portion
of certain funds held in the trust account established in connection with its initial public offering only in the event that the
Company redeems the Class A Ordinary Shares sold in its initial public offering and liquidates because it does not consummate an
initial business combination within the time period set forth in the Company’s Amended and Restated Memorandum and Articles
of Association, as the same may be amended from time to time if the Company redeems the Class A Ordinary Shares sold in its initial
public offering in connection with a shareholder vote to amend the Company's Amended and Restated Memorandum and Articles of Association
that would affect substance or timing of the Company's obligation to redeem 100% of the Class A Ordinary Shares if it does not
consummate an initial business combination within 24 months from the closing of its initial public offering, or if the holder(s)
seek(s) to redeem for cash his, her or its respective Class A Ordinary Shares in connection with a tender offer (or proxy solicitation,
solely in the event the Company seeks shareholder approval of the proposed initial business combination) setting forth the details
of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind
in or to the trust account.