Document:

Exhibit 4.1

 

	                    NUMBER

         

        U-                     
	 	UNITS                      

 

	SEE REVERSE FOR

        CERTAIN DEFINITIONS
	DRAPER
    OAKWOOD TECHNOLOGY ACQUISITION, INC.	 

 

CUSIP 26146L
202

 

UNITS
CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK, ONE RIGHT TO RECEIVE 

ONE-TENTH OF ONE SHARE OF CLASS A COMMON STOCK, AND ONE HALF OF ONE WARRANT

EACH
WHOLE WARRANT TO PURCHASE 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 Draper Oakwood Technology Acquisition, Inc., a Delaware corporation (the “Company”),
one right to receive one-tenth of one share of Common Stock (the “Right”) and one half (1/2) of one
warrant (the “Warrant(s)”). Each whole Warrant entitles the holder to purchase one (1) share of Common
Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) 30 days after the
Company’s completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or
other similar business combination (“Business Combination”) and (ii) twelve (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
(the “Expiration Date”). The Common Stock, Rights and Warrants comprising the Units represented by this
certificate are not transferable separately prior to the 90th day after the date of the prospectus relating to the Company’s
IPO, subject to earlier separation in the discretion of EarlyBirdCapital, Inc., 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 and issued a press release announcing when separate trading will begin. The terms of the Rights
are governed by a Rights Agreement, dated as of                   ,
2017, between Continental Stock Transfer & Trust Company (“Continental”), as Rights Agent, and are
subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificates consents
to by acceptance hereof. The terms of the Warrants are governed by a Warrant Agreement, dated as of                     ,
2017, between the Company and Continental, 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 Rights Agreement
and Warrant Agreement are on file at the office of the Warrant Agent at 1 State Street 30th Floor, New York, NY 10004-1561, 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 of the Board	 	Secretary

 

     

     

    

 

Draper
Oakwood Technology Acquisition, Inc.

 

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 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 common stock 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
Certificate of Incorporation, 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.Exhibit 4.2

 

	            NUMBER	 	SHARES                    

 

            C    

 

DRAPER
OAKWOOD TECHNOLOGY ACQUISITION, INC.

INCORPORATED
UNDER THE LAWS OF THE STATE OF DELAWARE

CLASS
A COMMON STOCK

 

SEE
REVERSE FOR

CERTAIN
DEFINITIONS

 

	This Certifies that	 	CUSIP 26146L 103
	is the owner of	 	 

 

FULLY
PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 EACH

OF THE CLASS ACOMMON STOCK OF

 

DRAPER
OAKWOOD TECHNOLOGY ACQUISITION, INC.

 

transferable
on the books of the Corporation in person or by duly authorized attorney upon surrender of this certificate properly endorsed.
The Corporation will be forced to liquidate if it is unable to complete an initial business combination within the period of time
as set forth in the Corporation’s Amended and Restated Certificate of Incorporation, as the same may be amended from time
to time, all as more fully described in the Corporation’s final prospectus dated                     ,
2017

 

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

 

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

 

	Dated:	 	 	 	 
	 	 	 	 	 
	CHAIRMAN	 	[INSERT SEAL HERE]	 	SECRETARY

 

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.

 

     

     

    

 

Draper
Oakwood Technology Acquisition, Inc.

 

The
Corporation 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 stock or series thereof of the Corporation 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 Certificate of Incorporation and all amendments thereto and resolutions
of the Board of Directors providing for the issue of shares of Preferred Stock (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.

 

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

of
the capital 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 Corporation 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 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 Certificate of Incorporation, 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.

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