Exhibit 4.1


 


	
        NUMBER

        U-__________

         

         
	 	UNITS
	SEE REVERSE FOR CERTAIN DEFINITIONS	HL ACQUISITIONS CORP.	 


 


CUSIP G4603R
114


 





UNITS CONSISTING OF
ONE ORDINARY SHARE, ONE RIGHT AND







ONE REDEEMABLE WARRANT


 


THIS CERTIFIES THAT ______________________________________________________________________________________________


 


is the owner of _______________________________________________________________________________________________________
Units.


 





Each Unit (“Unit”)
consists of one (1) ordinary share, no par value per share (“Ordinary Shares”), of HL Acquisitions Corp., a
British Virgin Islands business company (the “Company”), one right (“Right”) and one redeemable
warrant (“Warrant”). Each Right entitles the holder to receive one-tenth (1/10) of an Ordinary Share upon consummation
of a Business Combination (defined below). Each 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) the Company acquiring, engaging in a share exchange,
share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements
with, or engaging in any other similar business combination with one or more businesses or entities (a “Business Combination”)
and (ii) 12 months from the closing of the Company’s initial public offering (“IPO”), and will expire
unless exercised before 5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination,
or earlier upon redemption or liquidation. The Ordinary Share(s) and Warrant(s) comprising the Unit(s) represented by this
certificate are not transferable separately until ninety days following the IPO, unless the underwriters inform the Company of
their decision to allow earlier separate trading, except that in no event will the Ordinary Shares and Warrants be separately tradeable
until the Company has filed an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial
public offering and issued a press release announcing when such separate trading will begin. The terms of the Rights are governed
by a Rights Agreement, dated as of ________ ___, 2018, between the Company and Continental Stock Transfer & Trust Company,
as Rights 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. The terms of the Warrants are governed by a Warrant Agreement, dated as of ________
___, 2018, 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.


 


Witness the facsimile
seal of the Company and the facsimile signatures of its duly authorized officers.


  


By


 


	 	 	 	 
	 	Chairman	 	Secretary


 




     


     


    

 


HL Acquisitions Corp.


 


The Company will furnish
without charge to each shareholder 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	 under Uniform Gifts to Minors
	 	 	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 Company will 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) SHOULD 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).	 


 


The holder(s) of this certificate shall be entitled to receive
a pro-rata portion of the funds from the trust account with respect to the ordinary shares underlying this certificate only in
the event that (i) the Corporation is forced to liquidate because it does not consummate an initial business combination within
the period of time set forth in the Corporation’s Amended and Restated Memorandum and Articles of Association, as the same
may be amended from time to time (the “Charter”) or (ii) if the holder seeks to convert his shares upon consummation
of, or sell his shares in a tender offer in connection with, an initial business combination or in connection with certain amendments
to the Charter. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.