Exhibit 4.1


 


	NUMBER	 	UNITS	 
	U-	 	 	 


 


SEE
REVERSE FOR CERTAIN DEFINITIONS


 


CUSIP
[  ]


 


OXBRIDGE
ACQUISITION CORP.


 


UNITS
CONSISTING OF ONE CLASS A ORDINARY SHARE AND ONE

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 Oxbridge Acquisition Corp., a Cayman Islands exempted company (the “Company”), and
one redeemable warrant (the “Warrant”). Each Warrant entitles the holder to purchase one (1) Ordinary Share
(subject to adjustment) 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 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 Maxim Group LLC elects to allow separate trading
earlier, subject to the Company’s filing of a Current Report on Form 8-K with the U.S. 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. 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.


 


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 a duly authorized signatory of the Company.


 


	 	 	 
	Authorized
    Signatory	 	Transfer
    Agent


 




    	 



    	 



    

 


Oxbridge
Acquisition Corp.


 


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:	 
	 	 
	 	 
	 	 
	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 __________, 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 its initial
public offering only in the event that (i) the Company redeems the Class A ordinary shares sold in the Company’s 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 (such date being referred to
herein as the “Last Date”), (ii) 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 to modify 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 the Last Date, or (iii) 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.