Document:

Exhibit 4.1

 

	
    NUMBER

     

    U-__________

     
	 	
     
	 	UNITS
	SEE REVERSE FOR

CERTAIN DEFINITIONS	MONTEREY BIO ACQUISITION CORPORATION	 
	 	 	 
	 	 	 	 	 	 CUSIP [•]

 

UNITS CONSISTING OF ONE SHARE OF
COMMON STOCK AND ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK

 

THIS CERTIFIES THAT                                                                                                                                                                                            

 

is the owner of                                                                                                                                                                                                                    Units.

 

Each Unit (“Unit”) consists of one
share of common stock, par value $0.0001 per share, of Monterey Bio Acquisition Corporation, a Delaware corporation (the “Company”)
and one warrant to purchase one share of common stock. Only whole warrants are exercisable. Each warrant entitles the holder
to purchase one share of common stock of the Company at $11.50 per full share (subject to adjustment), upon the later to occur
of (i) the Company’s completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination, with one or more target businesses (a “Business Combination”) or (ii) one year from
the closing of the Company’s initial public offering (the “IPO”). Each warrant expires 5 years after the completion
of the Company’s initial Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

 

The common stock and warrants comprising the Units
represented by this certificate are not transferable separately until the 90th day after the date of the prospectus relating to the IPO,
unless Chardan Capital Markets, LLC informs the Company of its decision to allow earlier separate trading, provided that the Company has
filed with the Securities and Exchange Commission a Current Report on Form 8-K, which includes an audited balance sheet reflecting the
Company’s receipt of the gross proceeds of the IPO.

 

The terms of the warrants are governed by a warrant
agreement (the “Warrant Agreement”), dated as of [·], 2021, between the Company
and Continental Stock Transfer & Trust Company, as the 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. A copy of the Warrant Agreement is
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.

 

Each Unit may be mandatorily split by the Company
in connection with the closing of a Business Combination.

 

This certificate is not valid unless countersigned
by the Transfer Agent and Registrar of the Company.

 

This Unit Certificate 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.

 

Witness the facsimile signatures of its duly authorized
officers.

 

By:

 

	 	 	           
	Chairman	 	Chief Financial Officer

 

     

     

    

 

Monterey Bio Acquisition Corporation

 

The Company will furnish without
charge to each stockholder 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	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 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).	 

  

As more fully described in the Company’s
final prospectus dated as of [•], 2021, the holder of this certificate shall be entitled to receive funds with respect to the underlying
shares of common stock from the trust account established in connection with the Company’s initial public offering only in the event
of the Company’s liquidation upon failure to consummate a business combination within the required time period set forth in the
Company’s Amended and Restated Certificate of Incorporation (the “Certificate”), as the same may be amended from time
to time, or if the holder seeks to convert his or her respective shares of common stock underlying the Unit upon consummation of such
business combination or in connection with certain amendments to the Certificate. In no other circumstances shall the holder have any
right or interest of any kind in or to the trust account.Exhibit 4.2

 

	NUMBER	SHARES	 
	 	 
	C	 

 

MONTEREY BIO ACQUISITION
CORPORATION

 

INCORPORATED UNDER THE LAWS
OF THE STATE OF DELAWARE

 

COMMON STOCK

 

SEE REVERSE FOR

CERTAIN DEFINITIONS

 

CUSIP [●]

 

This Certifies that

 

is the owner of

 

FULLY PAID AND NON-ASSESSABLE
SHARES OF COMMON STOCK OF

 

MONTEREY BIO ACQUISITION
CORPORATION

 

transferable on the books of the
Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

The Company will be forced to liquidate if it is unable
to complete an initial business combination as defined in, and within the time period required by, its Amended and Restated Certificate
of Incorporation, as the same may be amended from time to time.

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

Witness the facsimile signatures
of its duly authorized officers.

 

Dated:

 

	 	 	 
	CHAIRMAN	 	CHIEF FINANCIAL OFFICER

 

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.

 

     

     

    

 

 Monterey Bio Acquisition Corporation 

 

The Company will furnish without
charge to each stockholder who so requests 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. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the Company’s
Amended and Restated Certificate of Incorporation and all amendments thereto and resolutions of the Board of Directors providing for the
issue of preferred stock (copies of which may be obtained from the secretary of the Company), to all of which the holder of this certificate
by acceptance hereof assents.

 

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)

 

shares of common
stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

 

 

Attorney to transfer
the said stock 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).

 

As more fully described in the Company’s
final prospectus dated as of [•], 2021, the holder of this certificate shall be entitled to receive funds from the trust account
established in connection with the Company’s initial public offering only in the event of the Company’s liquidation upon failure
to consummate a business combination within the required time period set forth in the Company’s Amended and Restated Certificate
of Incorporation as the same may be amended from time to time (the “Certificate”), or if the holder seeks to convert his or
her shares of common stock upon consummation of a business combination or in connection with certain amendments to the Certificate. In
no other circumstances shall the holder have any right or interest of any kind in or to the trust account.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]