Exhibit 4.1


 


DESCRIPTION OF SECURITIES


 


The following summary description is
based on the provisions of our Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”),
our Amended and Restated Bylaws, (the “Bylaws”), and the applicable provisions of the Nevada Revised Statutes (the
“NRS”). This information may not be complete in all respects and is qualified entirely by reference to the provisions
of our Certificate of Incorporation, our Bylaws and the NRS. Our Certificate of Incorporation and our Bylaws are filed as exhibits
to our Annual Report on Form 10-K to which this description is filed as Exhibit 4.1.


 


General


 


Our authorized capital stock consists
of 275,000,000 shares, consisting of 250,000,000 shares of common stock par value $.001 per share, and 25,000,000 shares of preferred
stock, par value $.001 per share, of which none are currently outstanding. Only our shares of common stock are registered under
Section 12 of the Securities Exchange Act of 1934, as amended.


 


Common Stock


 


Voting Rights


 


Each holder of common stock is entitled
to one vote for each share of common stock held on all matters submitted to a vote of stockholders. Any action other than the election
of directors shall be authorized by a majority of the votes cast, except where the NRS prescribes a different percentage
of votes and/or exercise of voting power.


 


Dividend Rights


 


Subject to the rights of the holders
of preferred stock, the holders of outstanding common stock are entitled to receive dividends out of funds legally available at
the times and in the amounts that the Board of Directors may determine.


 


No Preemptive or Similar Rights


 


Holders of our common stock do not have
preemptive rights, and shares of our common stock are not convertible or redeemable.


 


Right to Receive Liquidation Distributions


 


Subject to the rights of the holders
of preferred stock, as discussed below, upon our dissolution, liquidation or winding-up, our assets legally available for distribution
to our stockholders are distributable ratably among the holders of common stock.


 


Preferred Stock


 


Our board of directors has the authority,
without further action by our stockholders, to issue up to 25,000,000 shares of preferred stock in one or more series and to fix
the number, rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges could include dividend
rights, conversion rights, voting rights, terms of redemption, liquidation preferences and sinking fund terms, and the number of
shares constituting any series or the designation of such series, any or all of which may be greater than the rights of common
stock. The issuance of our preferred stock could adversely affect the voting power of holders of common stock and the likelihood
that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could
have the effect of delaying, deferring or preventing a change in control or other corporate action. Our Board of Directors has
previously designated (i) no shares have been designated as Series A Preferred Stock, (ii) 1,764 shares have been designated
as Series B Preferred Stock, (ii) 10,000 shares have been designated as Series C Preferred Stock and (iii) 2,000 shares have been
designated as Series D Preferred Stock and 1,050 shares have been designated as Series E. As of December 31, 2021, we did not have
any shares of preferred stock issued and outstanding.


 





Listing


 


Our common stock is listed on The NYSE
American LLC under the symbol “UAVS.”


 


Transfer Agent and Registrar


 


The transfer agent and registrar for
our common stock is EQ Shareowner Services. Its address is 3200 Cherry Creek South Drive, Suite 430. Denver, Colorado
80209.