Exhibit 4.1


 


NUMBER UNITS

U-[•]


 


SEE REVERSE FOR CERTAIN DEFINITIONS


 


CUSIP: [●]


 


INKSTONE FEIBO ACQUISITION CORPORATION


 


UNITS CONSISTING OF ONE SHARE OF CLASS A
COMMON STOCK AND ONE-HALF OF ONE

REDEEMABLE WARRANT TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK


 


THIS CERTIFIES THAT is the owner of Units.


 


Each Unit (“Unit”)
consists of one (1) share of Class A common stock, par value $0.0001 per share (“Class A Common Stock”),
of Inkstone Feibo Acquisition Corporation, a Delaware corporation (the “Company”), and one-half of one redeemable warrant
(each, a “Warrant”). Each Warrant entitles the holder to purchase one (1) share (subject to adjustment) of Class
A Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i)30 days after the
Company’s completion of a merger, capital stock exchange, asset acquisition, stock 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 Company completes its initial Business Combination, or earlier
upon redemption or liquidation (the “Expiration Date”). The Class A Common Stock and Warrants comprising the Units
represented by this certificate are not transferable separately prior to [●], 2022, unless US Tiger Securities, Inc.
elects to allow earlier separate trading, 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 [●], 2022, 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 1 State Street,
30th Floor, New York, NY 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.


	 	 	 
	Chief Executive Officer	 	Chief Financial Officer


 




    	 	 	 



     


    

 


INKSTONE FEIBO ACQUISITION 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 stock 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)
	 	 	 	 	 	 	 	 
	JT TEN	—	as joint tenants with right of survivorship and not as tenants in common	 	 	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)


 


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 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 AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE).	 


  


In each case, as more fully
described in the Company’s final prospectus dated [●], 2022, 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 the Company’s initial
public offering only in the event that (i) the Company redeems the shares of Class A Common Stock sold in its initial
public offering and liquidates because it does not consummate an initial business combination by [●], 2023 (or at a later
date, if extended), (ii) the Company redeems the shares of Class A Common Stock sold in its initial public offering in
connection with a stockholder vote (x) to amend the Company’s amended and restated certificate of incorporation to modify
the substance or timing of the Company’s obligation to redeem 100% of the Class A Common Stock if it does not consummate
an initial business combination by [●], 2023 or (y) with respect to any other provisions relating to stockholders’
rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her
or its respective shares of Class A Common Stock in connection with a tender offer (or proxy solicitation, solely in the event
the Company seeks stockholder 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.