Document:

Exhibit
4.1

 

	NUMBER	UNITS
	U-	 

 

SEE
REVERSE FOR CERTAIN DEFINITIONS

 

CUSIP
78661R 205

 

SAGALIAM
ACQUISITION CORP.

 

UNITS
CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE RIGHT TO RECEIVE ONE-EIGHTH OF ONE SHARE OF CLASS A COMMON STOCK

 

THIS
CERTIFIES THAT is the owner of Units.

 

Each
Unit (“Unit”) consists of one (1) share of Class A common stock, par value $0.0001 per share (“Common
Stock”), of Sagaliam Acquisition Corp., a Delaware corporation (the “Company”), and one right
(the “Right”) entitling the holder to receive one-eighth (1/8) of one share of Common Stock (subject
to adjustment). The Common Stock and Rights comprising the Units represented by this certificate are not transferable separately prior
to , 2021, unless EF Hutton, division of Benchmark Investments, LLC, elects to allow separate trading earlier, subject to the
Company’s filing of a Current Report on Form 8-K with the 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 Rights are governed by a Rights Agreement, dated as of , 2021, 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. Copies of the Rights Agreement
are on file at the office of the Rights Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to
any Right 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

 

Sagaliam
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	 	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 shares of Class A common stock 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 certificate of incorporation, 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 shares of Class A common stock sold in its initial public offering in connection with a stockholder
vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s
obligation to redeem 100% of the Class A common stock 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 shares of Class A common stock in connection with a tender
offer (or proxy solicitation, solely in the event the Company seeks stockholder 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.

 

    	2Exhibit
4.3

 

	NUMBER 

    SAGAR
	RIGHTS

 

SAGALIAM
ACQUISITION CORP.

INCORPORATED
UNDER THE LAWS OF THE DELAWARE

RIGHT

 

SEE
REVERSE FOR

CERTAIN
DEFINITIONS

CUSIP
78661R 114

 

THIS
CERTIFIES THAT, for value received

 

is
the registered holder of a right or rights (each, a “Right”) to automatically receive one-eighth of one share of common
stock, $0.0001 par value (“Common Stock”), of Sagaliam Acquisition Corp. (the “Company”) for each Right evidenced
by this Rights Certificate on the Company’s completion of an initial business combination (as defined in the prospectus relating
to the Company’s initial public offering (“Prospectus”)) upon surrender of this Right Certificate pursuant to the Rights
Agreement between the Company and Continental Stock Transfer & Trust Company, as Rights Agent. In no event will the Company be required
to net cash settle any Right.

 

Upon
liquidation of the Company in the event an initial business combination is not consummated during the required period as identified in
the Company’s Amended and Restated Articles of Incorporation, the Right shall expire and be worthless. The holder of a Right shall
have no right or interest of any kind in the Company’s trust account (as defined in the Prospectus).

 

Upon
due presentment for registration of transfer of the Right Certificate at the office or agency of the Rights Agent, a new Right Certificate
or Right Certificates of like tenor and evidencing in the aggregate a like number of Rights shall be issued to the transferee in exchange
for this Right Certificate, without charge except for any applicable tax or other governmental charge. The Company shall not issue fractional
shares upon exchange of Rights. The Company reserves the right to deal with any fractional entitlement at the relevant time in any manner
(as provided in the Rights Agreement).

 

The
Company and the Rights Agent may deem and treat the registered holder as the absolute owner of this Right Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any conversion hereof, of any distribution to the
registered holder, and for all other purposes, and neither the Company nor the Right Agent shall be affected by any notice to the contrary.

 

This
Right does not entitle the registered holder to any of the rights of a shareholder of the Company.

 

	Dated:	 	 
	 	 	 
	CHAIRMAN	 	CHIEF
    FINANCIAL OFFICER
	 	 	 
	Continental
    Stock Transfer & Trust Company, as Rights Agent	 	 

 

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	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	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.

 

    	 

     

    

 

Sagaliam
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 shares or series thereof of the Company and the qualifications, limitations, or restrictions
of such preferences and/or rights. This certificate and the rights represented thereby are issued and shall be held subject to all the
provisions of the Articles of Incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue
of shares of Common 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 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)
	 
	 
	 
	 
	 

rights
represented by the within Certificate, and do hereby irrevocably constitute and appoint

____________________________________________________________________________
Attorney to transfer said rights 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 of this certificate shall have no right or interest of any kind in or to the funds held in the Company’s trust account (as
defined in the Prospectus).

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