Document:

SPECIMEN UNIT CERTIFICATE

 

	     NUMBER	UNITS
	U- ___________	 

 

	SEE REVERSE FOR	 
	CERTAIN	 
	DEFINITIONS	 

 

	 	CHARDAN METROPOL ACQUISITION CORP.	CUSIP ___________

 

UNITS CONSISTING OF ONE (1) SERIES A SHARE
AND ONE (1) WARRANT TO PURCHASE

ONE (1) ORDINARY SHARE

 

	THIS CERTIFIES THAT 	 
	is the owner of	 	  Units.
	 	 	 	 

 Each Unit (“Unit”) consists
of one (1) Series A Share, par value $0.0001 per share (“Series A Share”), of CHARDAN METROPOL ACQUISITION CORP.,
a British Virgin Islands company (the “Company”), and one (1) warrant (the “Warrant”). Each Warrant entitles
the holder to purchase one (1) ordinary share, par value $0.0001 per share (“ordinary shares”) for $10.00 per ordinary
share (subject to adjustment).  Each Warrant will become exercisable on the later of (i) the consolidation of each series
ordinary shares into one class of ordinary shares after consummation of an initial acquisition transaction or post-acquisition
tender offer, as the case may be, and (ii) ____________, 2013 [ONE YEAR FROM THE DATE OF THE IPO PROSPECTUS], and will expire
unless exercised before 5:00 p.m., New York City Time, on ____________, 2017, or the date of the Company's dissolution and winding
up of the Company, or earlier upon redemption (the “Expiration Date”). The Series A Shares and Warrants comprising
the Units represented by this certificate will begin separate trading 50 days after the date of the prospectus covering these
securities (the “Prospectus”) or upon the announcement by the underwriters of the Company’s initial public offering
of the decision to allow earlier trading; provided, however, in no event will the representative allow separate trading of the
Series A Shares and Warrants until the Company files an audited balance sheet with the Securities and Exchange Commission reflecting
the Company’s receipt of the gross proceeds of the offering and issues a press release announcing when such separate trading
will begin.  The terms of the Warrants are governed by a Warrant Agreement, dated as of _______, 2012, 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 Continental Stock Transfer & Trust Company, 17 Battery Place,
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 Unit shall be governed and construed in accordance
with the internal laws of the State of New York, without regard to conflicts of laws principles thereof.

 

We may not cancel the units at any time
unless and until (i) we do not consummate our initial acquisition transaction within the allotted time period and are required
to dissolve and liquidate the trust account, (ii) we have completed an acquisition transaction prior to a post-acquisition tender
offer or (iii) we have otherwise consummated an acquisition and our trust account has been liquidated.

 

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

 

	  By  	 	 	 
	 	Chief Executive Officer	 	Secretary

 

CHARDAN METROPOL ACQUISITION CORP.

CORPORATE

SEAL

2012

BRITISH VIRGIN ISLANDS

 

 

    	 

    	 

    
 

CHARDAN METROPOL 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 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

TEN ENT  -  as tenants by the
entireties

JT TEN  -  as joint tenants with
right of survivorship

and not as tenants in common

 

	UNIF GIFT MIN ACT -	 	Custodian	 	 
	 	(Cust)	 	(Minor)	 
	 	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 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) 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).

 

The holder of this certificate shall be entitled to receive
funds from the trust account only in the event of (i) the Company’s liquidation upon a failure to consummate an initial acquisition
transaction within the allotted time, (ii) liquidation of the trust account upon a failure to commence or complete a post-acquisition
tender offer within the allotted time, or (iii) if the holder seeks to convert his respective shares into cash in connection with
an initial acquisition transaction which is actually consummated.  In no other circumstances shall the holder have any
right or interest of any kind in or to the trust account.

  

    	2SPECIMEN SERIES A SHARE CERTIFICATE

 

	NUMBER	SHARES

_________A

 

CHARDAN METROPOL ACQUISITION CORP.

 

INCORPORATED UNDER THE LAWS OF THE BRITISH
VIRGIN ISLANDS

 

SERIES A SHARES

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

	THIS CERTIFIES THAT	CUSIP ____________
	 	 
	IS THE OWNER OF	 

 

FULLY PAID AND NON-ASSESSABLE ORDINARY SHARES
OF

THE PAR VALUE OF $0.0001 EACH OF

CHARDAN METROPOL ACQUISITION CORP.

 

transferable in accordance with the Articles
of Association of the Company, as amended. Capitalized terms not otherwise defined shall have the meanings assigned to them in
the Company’s Amended and Restated Memorandum and Articles of Association. The Series A Shares will be automatically consolidated
with all other classes of the Company’s Ordinary Shares upon consummation of its initial Acquisition Transaction, provided
that the Company has not elected to grant its public shareholders their redemption rights by means of a Post-Acquisition Tender
Offer, in which case the Series A Shares will automatically be converted to Series B Shares immediately following consummation
of the Acquisition Transaction. Public shareholders who hold Series B Shares will be entitled to participate in the Post-Acquisition
Tender Offer by tendering their Series B Shares in accordance with the instructions included in the Schedule TO and related tender
offer documents to be filed with the SEC. The Series B Shares will be automatically consolidated with all other classes of the
Company’s Ordinary Shares upon consummation of its Post-Acquisition Tender Offer. The Company will be forced to liquidate
if it is unable to complete an Acquisition Transaction by ________, or if it is unable to commence or complete a Post-Acquisition
Tender Offer by ________ or _________ respectively, all as more fully described in the Company’s final prospectus dated _______,
2012. Public shareholders who hold Series A Shares or Series B Shares will have their shares automatically converted into the right
to receive a pro rata portion of the Trust Account in the event of such liquidation. This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar. Witness the seal of the Company and the facsimile signatures of its duly
authorized officers.

 

Dated:

 

	 	 	 
	Chief Executive Officer	 	Secretary

 

CHARDAN METROPOL ACQUISITION CORP.

CORPORATE

SEAL 2012

BRITISH VIRGIN ISLANDS

 

    	 

    	 

    

 

CHARDAN METROPOL ACQUISITION CORP.

 

The Company will furnish without charge
to each shareholder who so requests the powers, designations, preferences and relative, participating, optional or other special
rights of each class of share or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences
and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of
the Amended and Restated Memorandum and Articles of Association of the Company and all amendments thereto and resolutions of the
Board of Directors providing for the issue of Series A Shares (copies of which may be obtained from the secretary of the Corporation),
to all of which the holder of this certificate by acceptance hereof assents.

 

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 

TEN ENT  -  as tenants by the entireties 

JT TEN  -  as joint tenants with right of survivorship 

and not as tenants in common

  

	UNIF GIFT MIN ACT -	 	    Custodian 	 	 
	 	(Cust)	 	(Minor)	 
	 	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)
	 
	 
	 	shares
	represented by the within Certificate, and do hereby irrevocably constitute and appoint
	 	Attorney
	to transfer the said share on the books of the within named Corporation will full power of substitution in the premises.
	 	 	 

 

	Dated	 	 	 

 

    	2

    	 

    

 

	 	 	 
	 	 	 
	 	 	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).
	 
	The holder of this certificate shall be entitled to receive funds from the trust account only in the event of (i) the Company’s liquidation upon a failure to consummate an Acquisition Transaction within the allotted time, (ii) liquidation of the trust account upon a failure to commence or consummate a Post-Acquisition Tender Offer within the allotted time, or (iii) if the holder seeks to convert his respective shares into cash in connection with an Acquisition Transaction which is actually consummated.  In no other circumstances shall the holder have any right or interest of any kind in or to the trust account.

 

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