Document:

Exhibit 4.1

 

	 	
     NUMBER UNITS U-

	SEE REVERSE FOR CERTAIN DEFINITIONS	CUSIP G7207P 111

 

POWERUP ACQUISITION CORP.

UNITS CONSISTING OF ONE CLASS A ORDINARY SHARE
AND ONE-HALF OF ONE

WARRANT TO PURCHASE ONE CLASS A ORDINARY SHARE

 

	THIS CERTIFIES THAT	is the owner of	Units.

 

Each Unit (“Unit”)
consists of one (1) Class A ordinary share, of par value $0.0001 per share (“Ordinary Shares”), of PowerUp Acquisition
Corp., a Cayman Islands exempted company (the “Company”), and one-half of one (1) warrant (the “Warrant”).
Each whole Warrant entitles the holder to purchase one Ordinary Share (subject to adjustment) for $11.50 per share (subject to adjustment).
Each Warrant will become exercisable thirty (30) days after the Company’s completion of a merger, share exchange, asset acquisition,
share purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”)
and will expire, unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the
Company completes its initial Business Combination, or earlier upon redemption or liquidation. The Ordinary Shares and Warrants comprising
the Units represented by this certificate are not transferable separately prior to [_______], 2022, Citigroup Global Markets Inc. elects
to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the U.S. Securities and
Exchange Commission containing an audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public
offering and issuing a press release announcing when separate trading will begin. The terms of the Warrants are governed by a Warrant
Agreement, dated as of [_______], 2022, between the Company and American Stock Transfer & Trust Company, LLC, 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 6201 15th Avenue, Brooklyn, NY
11219, 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 registered by the Registrar.

 

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 its duly authorized officers.

 

	Chief Executive Officer	 	Secretary
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC	 	 
	Name:	 	 
	Title:	 	 

 

     

     

    

 

PowerUp 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 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	 
	 	 	 	 	 	 	(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.

 

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 hereby irrevocably constitutes and appoints ___________
	 
	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 UNDER THE SECURITIES ACT OF 1933, AS AMENDED).	 	 
	 	 	 	 	 	 	 	 

In each case, as more fully described in the Company’s
final prospectus dated [_____], 2022, 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
Class A ordinary shares sold in its initial public offering and liquidates because it does not consummate an initial business combination
by [____], 2023, (ii) the Company redeems the Class A ordinary shares sold in its initial public offering in connection with a shareholder
vote to amend the Company’s amended and restated memorandum and articles of association to modify the substance and timing of the
Company’s obligation to redeem 100% of the Class A ordinary shares if it does not consummate and initial business combination by
[___], 2023, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective Class A ordinary shares in connection with
a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder 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.Exhibit 4.2

 

	NUMBER C-	
    _________ SHARES

    SEE REVERSE FOR CERTAIN

    DEFINITIONS

    CUSIP G7207P 103

 

POWERUP ACQUISITION CORP.

INCORPORATED UNDER THE LAWS OF THE CAYMAN ISLANDS

CLASS A ORDINARY SHARES

 

This Certifies that is the owner of

 

FULLY PAID AND NON-ASSESSABLE CLASS A ORDINARY
SHARES OF THE PAR VALUE OF US$0.0001 EACH OF

 

POWERUP ACQUISITION CORP.

(THE “COMPANY”)

 

subject to the Company’s amended and restated
memorandum and articles of association, as the same may be amended from time to time, and 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 redeem all of its
Class A ordinary shares if it is unable to complete a business combination by [____], 2023 all as more fully described in the Company’s
final prospectus dated [___], 2022.

 

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.

 

	Chief Executive Officer	Cayman Islands	Secretary
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC	 	 
	Name:	 	 
	Title:	 	 

 

     

     

    

 

POWERUP 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 shares represented thereby are issued and shall be held subject to all the provisions of the amended and restated
memorandum and articles of association as the same may be amended from time to time, and resolutions of the Board of Directors providing
for the issue of securities (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. 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.

 

For value received,_______________ hereby sells,
assigns and transfers unto ______________________________

 

	 
	(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))
	 
	 
	(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))
	 
	Shares represented by the within Certificate, and hereby irrevocably constitutes and appoints ___________________
	 
	Attorney to transfer the said shares on the books of the within named Company with full power of substitution in the premises.
	 
	Dated:	 	 

 

NOTICE: THE SIGNATURE(S) 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:

 

By

 

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 UNDER THE SECURITIES ACT OF 1933, AS AMENDED).

 

In each case, as more fully described in the Company’s
final prospectus dated [_____], 2022, 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
Class A ordinary shares sold in its initial public offering and liquidates because it does not consummate an initial business combination
by [______], 2023, (ii) the Corporation redeems the Class A ordinary shares sold in its initial public offering in connection with a shareholder
vote to amend the Company’s amended and restated memorandum and articles of association (as the same may be amended from time to
time) to modify the substance and timing of the Company’s obligation to redeem 100% of the Class A ordinary shares if it does not
consummate and initial business combination by [______] , 2023, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective
Class A ordinary shares in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder 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.

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