Exhibit 4.1


 


	NUMBER	UNITS
	U-	 



 


SPECIMEN UNIT
CERTIFICATE


 


SEE REVERSE FOR
CERTAIN DEFINITIONS


 


CUSIP: [            ]


 


ONYX ACQUISITION CO. I


 


UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE
AND ONE-HALF OF ONE 

REDEEMABLE WARRANT 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 Shares”), of Onyx Acquisition Co. I, a Cayman Islands exempted
company (the “Company”), and one-half (1/2) of one redeemable warrant (each whole warrant, a “Warrant”). Each
Warrant entitles the holder to purchase one (1) 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”),
and (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 Ordinary Shares and Warrants comprising the Units represented
by this certificate are not transferable separately prior to, 2021, unless BTIG, LLC elects to allow earlier separate trading, subject
to the Company’s filing with the Securities and Exchange Commission of a Current Report on Form 8-K containing an audited balance
sheet reflecting the Company’s receipt of the gross proceeds of the 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 are exercisable.
The terms of the Warrants are governed by a 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 Warrant Agreement are on file at the office of the Warrant
Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without
cost.


 


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


 


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 signatures of its duly authorized
officers.


 


	 	By	 
	 	 	Chief Executive Officer
	 	 
	 	By	                            
	 	 	Chief Financial Officer



 



     


     


    

 


Onyx Acquisition Co. I


 


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

____________       ____________

(Cust)                        (Minor)
	TEN ENT	—      as tenants by the entireties	 	under Uniform Gifts to Minors Act
	JT TEN	—      as
    joint tenants with right of survivorship and not as tenants in common	 	_________________________________

(State)


 


Additional abbreviations may also be used though
not in the above list.


 




    2


     


    

 


For value received, ________________ hereby sells, assigns and transfers
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 RULES).


 


In each case, as more fully described in the Company’s final
prospectus dated ___________, 2021, 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 Ordinary Shares sold in its initial public offering and liquidates because it does not consummate an initial business
combination within the period of time set forth in the Company’s amended and restated memorandum and articles of association, as
the same may be amended from time to time, (ii) the Company redeems the 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 (A) that would modify
the substance or timing of the Company’s obligation to provide holders of the Ordinary Shares the right to have their shares redeemed
in connection with the Company’s initial business combination or to redeem 100% of the Ordinary Shares if the Company does not complete
its initial business combination within the time period set forth therein or (B) with respect to any other provision relating to the rights
of holders of the Ordinary Shares, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective 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.


 


 


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