Exhibit
4.1


 


DESCRIPTION
OF REGISTRANT’S SECURITIES REGISTERED UNDER SECTION 12

OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED


 


The
following description sets forth certain material terms and provisions of the common stock of Vinco Ventures, Inc., a Nevada corporation
which are registered under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
This description also summarizes relevant provisions of the Nevada Revised Statutes (“NRS”). The following description
is a summary and does not purport to be complete. It is subject to, and qualified in its entirety by reference to, the relevant provisions
of the NRS, and to our Articles of Incorporation, as amended or amended and restated from time to time (collectively, the “Articles
of Incorporation”), and our Bylaws, as amended or amended and restated from time to time (the “Bylaws”),
which are filed as exhibits to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, of which this
Exhibit is a part, and are incorporated by reference herein. We encourage you to read the Company’s Articles of Incorporation and
the Bylaws, and the relevant provisions of the NRS for additional information. Unless the context requires otherwise, all references
to “we,” “us,” “our” and the “Company” in this Exhibit 4.1
refer solely to Vinco Ventures, Inc.


 


Authorized
and Outstanding Capital Stock


 


Our
authorized capital stock presently consists of 250,000,000 shares of common stock, par value $0.001 per share, and no shares of preferred
stock presently authorized. As of April 14, 2022, we had 188,052,593 shares of common stock outstanding and 0 shares of our preferred
stock issued and outstanding.


 


Common
Stock


 


Voting


 


Holders
of shares of the common stock are entitled to one vote for each share held of record on matters properly submitted to a vote of our stockholders.
Stockholders are not entitled to vote cumulatively for the election of directors.


 


Dividends


 


Subject
to the dividend rights of the holders of any outstanding series of preferred stock, holders of shares of common stock will be entitled
to receive ratably such dividends, if any, when, as, and if declared by our Board of Directors (“Board”) out of the
Company’s assets or funds legally available for such dividends or distributions.


 


Liquidation
and Distribution


 


In
the event of any liquidation, dissolution, or winding up of the Company’s affairs, holders of the common stock would be entitled
to share ratably in the Company’s assets that are legally available for distribution to its stockholders. If the Company has any
preferred stock outstanding at such time, holders of the preferred stock may be entitled to distribution preferences, liquidation preferences,
or both. In such case, the Company must pay the applicable distributions to the holders of its preferred stock before it may pay distributions
to the holders of common stock.


 


Conversion,
Redemption, and Preemptive Rights


 


Holders
of the common stock have no preemptive, subscription, redemption or conversion rights.


 


Sinking
Fund Provisions


 


There
are no sinking fund provisions applicable to the common stock.


 


Stock
Exchange Listing


 


Our
common stock is listed on the Nasdaq Capital Market under the symbol “BBIG”.


 




    	 



     


    

 


Transfer
Agent and Registrar


 


Our
transfer agent and registrar for all securities registered under Section 12 of the Exchange Act is Nevada
Agency & Transfer Company.


 


Anti-Takeover
Effects of Nevada Law and the Articles of Incorporation and Bylaws


 


Certain
provisions of the Articles of Incorporation and Bylaws, and certain provisions of the NRS could make our acquisition by a third party,
a change in our incumbent management, or a similar change of control more difficult. These provisions, which are summarized below, are
likely to reduce our vulnerability to an unsolicited proposal for the restructuring or sale of all or substantially all of our assets
or an unsolicited takeover attempt. The summary of the provisions set forth below does not purport to be complete and is qualified in
its entirety by reference to the Articles of Incorporation and the Bylaws and the relevant provisions of the NRS.


 


Authorized
but Unissued Shares


 


Our
authorized but unissued shares of common stock and preferred stock are available for future issuance, subject to any limitations imposed
by the listing standards of the Nasdaq Capital Market. 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 it more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.


 


Our
authorized capital includes “blank check”. Our Board has the authority to issue preferred stock in one or more class or series
and determine the price, designation, rights, preferences, privileges, restrictions and conditions, including voting and dividend rights,
of those shares without any further vote or action by stockholders. The rights of the holders of common stock will be subject to, and
may be adversely affected by, the rights of holders of any preferred stock that may be issued in the future. The issuance of additional
preferred stock, while providing desirable flexibility in connection with possible financings and acquisitions and other corporate purposes,
could make it more difficult for a third party to acquire a majority of the voting power of our outstanding voting securities, which
could deprive our holders of common stock of a premium that they might otherwise realize in connection with a proposed acquisition of
our Company.


 


No
Written Consent by Stockholders


 


Our
Articles of Incorporation provide that all stockholder actions are required to be taken by a vote of the stockholders at an annual or
special meeting, and that stockholders may not take any action by written consent in lieu of a meeting. The affirmative vote of at least
two-thirds of the voting power of the issued and outstanding stock entitled to vote is required to amend or repeal this provision.


 


Advance
Notice Requirements


 


Stockholders
wishing to nominate persons for election to our Board at a meeting or to propose any business to be considered by our stockholders at
a meeting must comply with certain advance notice and other requirements set forth in our Bylaws and Rule 14a-8 of the Exchange Act.


 


Special
Meetings


 


Our
Bylaws provide that special meetings of stockholders may only be called by the Board, the chairman of the Board, the chief executive
officer, or the president. Business transacted at all special meetings shall be confined to the purposes stated in the notice of the
meeting unless all stockholders entitled to vote are present and consent.


 


Board
Vacancies


 


Our
Bylaws provide that any vacancy on our Board, howsoever resulting, may be filled by a majority vote of the remaining directors.


 




    	 



     


    

 


Removal
of Directors


 


Our
Articles of Incorporation provide that any director may be removed either for or without cause at any special meeting of stockholders
by the affirmative vote of at least two-thirds of the voting power of the issued and outstanding stock entitled to vote; provided, however,
that notice of intention to act upon such matter shall have been given in the notice calling such meeting.


 


Right
to Alter, Amend or Repeal Bylaws


 


Our
Bylaws provide that they may be altered, amended or repealed by the Board.


 


Indemnification
of Officers and Directors and Insurance


 


Our
Articles of Incorporation provide that our directors and officers will not be liable to us for monetary damages for any breach of their
fiduciary duty as a director or officer if such person acted in good faith and in a manner such person reasonably believed to be in or
not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to
believe such person’s conduct was unlawful.


 


Our
Bylaws provide for limitation of liability of our directors and for indemnification of our directors and officers to the fullest extent
permitted under Nevada law. Our directors and officers may be liable for a breach or failure to perform their duties in accordance with
Nevada law only if their breach or failure to perform constitutes gross negligence, willful misconduct or intentional harm on our Company
or our stockholders. Our directors may not be personally liable for monetary damages for action taken or failure to take action as a
director except in specific instances established by Nevada law.


 


In
accordance with Nevada law, we may generally indemnify a director or officer against liability incurred in a proceeding if he or she
acted in good faith, and believed that his or her conduct was in our best interest and that he or she had no reason to believe his or
her conduct was unlawful. We may not indemnify a director or officer if the person was adjudged liable to us or in the event it is adjudicated
that the director or officer received an improper personal benefit.


 


Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons
pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the U.S. Securities and Exchange Commission,
such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.