Exhibit 4.1


 


DESCRIPTION OF THE REGISTRANT’S
SECURITIES


REGISTERED PURSUANT TO SECTION 12 OF
THE


SECURITIES EXCHANGE ACT OF 1934


 


As
of December 31, 2020, CohBar, Inc. (the “Company,” “we” or “our”)
had one class of securities registered under Section 12 of the Securities Exchange Act of 1934: our common stock. The following
is a summary of our Common Stock and certain provisions of our Third Amended and Restated Certificate of Incorporation (“Certificate
of Incorporation”) and Amended and Restated Bylaws (“Bylaws”). This summary does
not purport to be complete and is qualified in its entirety by the provisions of our Certificate of Incorporation and our Bylaws,
which are included as exhibits to our most recent Annual Report on Form 10-K, and to the applicable provisions of the Delaware
General Corporation Law.


 


Our
authorized capital stock consists of 180,000,000 shares of common stock, par value $0.001 per share, and 5,000,000 shares of preferred
stock, par value $0.001 per share.  Currently, we have no other authorized class of stock. 


 


Dividend Rights


 


Subject to any preferences
that may be applicable to any then outstanding shares of preferred stock, holders of our common stock are entitled to receive dividends
of cash, property or shares of our capital stock that we pay or distribute out of funds legally available if our board of directors,
in its discretion, determines to issue dividends and only then at the times and in the amounts that our board of directors may
determine.


 


Voting Rights


 


Each holder of our
common stock is entitled to one vote for each share of common stock held by such holder on all matters on which stockholders generally
are entitled to vote, provided that holders of common stock are not entitled to vote on amendments to our Certificate of Incorporation
related solely to the terms of one or more outstanding series of preferred stock if the holders of such series are entitled to
vote thereon, unless required by law. Our stockholders do not have cumulative voting rights in the election of directors. Accordingly,
subject to the preferences that may be applicable to any then outstanding shares of preferred stock, holders of a majority of the
voting shares are able to elect all of the directors.


 


Liquidation


 


In the event of our
dissolution or liquidation, whether voluntary or involuntary, holders of our common stock will be entitled to share ratably in
the net assets legally available for distribution to stockholders after the payment of all of our debts and other liabilities
and subject to any preferential or other rights of any then outstanding shares of preferred stock. 





 


Rights and Preferences


 


Holders of our common
stock have no preemptive, conversion, subscription or other rights, and there are no redemption or sinking fund provisions applicable
to our common stock. The rights, preferences and privileges of the holders of our common stock are subject to and may be adversely
affected by the rights of the holders of shares of any series of our preferred stock that we may designate in the future.


 






     


     


    

 


Authorized but
Unissued Shares


 


The
authorized but unissued shares of common stock and preferred stock are available for future issuance without stockholder approval,
subject to any limitations imposed by the listing standards of the Nasdaq Capital Market, or any other exchange or quotation service
on which our stock may be traded. These additional shares may be used for a variety of corporate finance transactions, acquisitions
and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could make
more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.


 


Transfer Agent and Registrar


 


The main transfer agent
and registrar for our common stock is AST Trust Company (Canada) in Vancouver, British Columbia, and the co-transfer agent and
co-registrar for our common stock is American Stock Transfer & Trust Company, LLC in New York, New York.


 


Stock Exchange Listing


 


Our common stock is
traded on the Nasdaq Capital Market under the symbol “CWBR.”


 


Delaware Anti-Takeover Law, Provisions
of our Certificate of Incorporation and Bylaws


 


Delaware Anti-Takeover
Law


 


We are subject to Section
203 of the Delaware General Corporation Law. Section 203 generally prohibits a public Delaware corporation from engaging in a “business
combination” with an “interested stockholder” for a period of three years after the date of the transaction in
which the person became an interested stockholder, unless:


 


	 	●	prior to the date of the transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;


 


	 	●	the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (i) shares owned by persons who are directors and also officers and (ii) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or


 


	 	●	on or subsequent to the date of the transaction, the business combination is approved by the board and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder.


 






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Section 203 defines
a business combination to include:


 


	 	●	any merger or consolidation involving the corporation and the interested stockholder;


 


	 	●	any sale, transfer, pledge or other disposition involving the interested stockholder of 10% or more of the assets of the corporation;


 


	 	●	subject to exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; or


 


	 	●	the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.


 


In
general, Section 203 defines an interested stockholder as any entity or person beneficially owning 15% or more of the outstanding
voting stock of the corporation and any entity or person affiliated with, or controlling, or controlled by, the entity or person.
The term “owner” is broadly defined to include any person that, individually, with or through that person’s affiliates
or associates, among other things, beneficially owns the stock, or has the right to acquire the stock, whether or not the right
is immediately exercisable, under any agreement or understanding or upon the exercise of warrants or options or otherwise or has
the right to vote the stock under any agreement or understanding, or has an agreement or understanding with the beneficial owner
of the stock for the purpose of acquiring, holding, voting or disposing of the stock.


 


The restrictions in
Section 203 do not apply to corporations that have elected, in the manner provided in Section 203, not to be subject to Section
203 of the Delaware General Corporation Law or, with certain exceptions, which do not have a class of voting stock that is listed
on a national securities exchange or held of record by more than 2,000 stockholders. Our Certificate of Incorporation and Bylaws
do not opt out of Section 203.


 


Section 203 could
delay or prohibit mergers or other takeover or change in control attempts with respect to us and, accordingly, may discourage
attempts to acquire us even though such a transaction may offer our stockholders the opportunity to sell their stock at a price
above the prevailing market price.





 


Certificate
of Incorporation and Bylaws


 


Provisions of our Certificate
of Incorporation and Bylaws may delay or discourage transactions involving an actual or potential change in our control or change
in our management, including transactions in which stockholders might otherwise receive a premium for their shares, or transactions
that our stockholders might otherwise deem to be in their best interests. Among other things, our Certificate of Incorporation
and Bylaws:


 


	 	●	permit our board of directors to issue up to 5,000,000 shares of preferred stock, without further action by the stockholders, with any rights, preferences and privileges as they may designate, including the right to approve an acquisition or other change in control;


 


	 	●	provide that the authorized number of directors may be changed only by resolution of the board of directors;


 


	 	●	provide that all vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of a majority of directors then in office, even if less than a quorum;


 


	 	●	do not provide for cumulative voting rights (therefore allowing the holders of a majority of the shares of common stock entitled to vote in any election of directors to elect all of the directors standing for election, if they should so choose); and


 


	 	●	set forth an advance notice procedure with regard to the nomination, other than by or at the direction of our board of directors, of candidates for election as directors and with regard to business to be brought before a meeting of stockholders.


 


 


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