Exhibit
4.1


 


NUMBER OF UNITS


U-


 


SEE REVERSE FOR CERTAIN DEFINITIONS


 


CUSIP [_________]


 


PEPPERLIME
HEALTH ACQUISITION CORPORATION


 


UNITS
CONSISTING OF ONE CLASS A ORDINARY SHARE AND

ONE-HALF OF ONE REDEEMABLE 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 (“Class A
Ordinary Shares”), of PepperLime Health Acquisition Corporation, a Cayman Islands exempted company (the “Company”),
and one-half (1/2) of one redeemable warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder
to purchase one (1) Class A Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole
Warrants are exercisable. Each whole Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s
completion of a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business
combination with one or more businesses or entities (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 Ordinary Shares and Warrants comprising the Units
represented by this certificate are not transferable separately prior to [_], 2021, unless Oppenheimer & Co. 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 Company’s initial
public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation
of the Units and only whole Warrants will trade. The terms of the Warrants are governed by a Public Warrant Agreement, dated as of [__],
2021, 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 Public Warrant Agreement are on file at the office of the Warrant Agent at One State Street, 30th Floor, New
York, New York 10014, and are available to any Warrant holder on written request and without cost.


 


Upon the consummation of the
Company’s initial Business Combination, the Units represented by this certificate will automatically separate into the Class A
Ordinary Shares and Warrants comprising such Units.


 






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This certificate is not valid
unless countersigned by the Transfer Agent and registered by the 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	 	 	Chief Executive Officer



 






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PEPPERLIME
HEALTH 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 shares 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:	 



 






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	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).	 


 






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In each case, as more fully
described in the Company’s final prospectus dated [_], 2021, the holder(s) of the Company’s Class A Ordinary Shares
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 Class A Ordinary Shares sold in its initial public
offering and liquidates because it does not consummate an initial business combination by [_], 2023 (or such later date if such period
is extended pursuant to the Company’s amended and restated memorandum and articles of association as in effect at such time), (ii) the
Company redeems the Class A Ordinary Shares in connection with an initial business combination (including the release of funds to
pay any amounts due to any public shareholders who properly exercise their redemption rights in connection therewith), (iii) the
Company redeems the Class A Ordinary Shares sold in its initial public offering in connection with a shareholder vote to approve
an amendment to the Company’s amended and restated memorandum and articles of association that would affect the 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
by[_], 2023 (or such later date, if such period is extended pursuant to the Company’s amended and restated memorandum and articles
of association as in effect at such time); or (iv) 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 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.


 






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