Exhibit
4.2


 


EzFil
Holdings, Inc. Description of the Registrant’s Securities Registered Pursuant to Section 12 of the 


Securities
Exchange Act of 1934


 


The
following is a summary of the rights and preferences of the common stock and preferred stock of EzFill Holdings, Inc. a Delaware corporation
(the “Company”), and certain provisions of the Company’s amended and restated certificate of incorporation (the “certificate
of incorporation”), and bylaws (the “bylaws”) and applicable provisions of the Delaware General Corporation Law (the
“DGCL”). This summary does not purport to be complete and is qualified in its entirety by the provisions of our and restated
certificate of incorporation and bylaws, each of which is included as an exhibit to the Annual Report on Form 10-K of which this exhibit
forms a part, and the DGCL.


 


In
this description, the terms “the Company,” “we,” “our” and “us” means EzFill Holdings,
Inc.


 


Our
authorized capital stock consists of five hundred million (500,000,000) shares of common stock, par value $.0001 per share, and fifty
million (50,000,000) shares of preferred stock, par value $.0001 per share, all of which shares of preferred stock will be undesignated.


 


Common
Stock


 


The
holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of the stockholders. The
holders of our common stock do not have any cumulative voting rights. Holders of our common stock are entitled to receive ratably any
dividends declared by the board of directors out of funds legally available for that purpose, subject to any preferential dividend rights
of any outstanding preferred stock. Our common stock has no preemptive rights, conversion rights or other subscription rights or redemption
or sinking fund provisions.


 


In
the event of our liquidation, dissolution or winding up, holders of our common stock will be entitled to share ratably in all assets
remaining after payment of all debts and other liabilities and any liquidation preference of any outstanding preferred stock.


 


Preferred
Stock


 


Our
board of directors has the authority, without further action by our stockholders, to issue up to 50,000,000 shares of preferred stock
in one or more series and to fix the rights, preferences, privileges and restrictions thereof. These rights, preferences and privileges
could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and
the number of shares constituting, 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 our liquidation. In addition, the issuance of preferred stock could have the effect
of delaying, deferring or preventing a change in control of our company or other corporate action.


 


We
do not have preferred stock outstanding.


 


Appointment
of Directors


 


Our
Certificate of Incorporation provides that subject to any limitations imposed by applicable law and subject to the rights of the holders
of any series of Preferred Stock, any vacancies on the Board of Directors resulting from death, resignation, disqualification, removal
or other causes and any newly created directorships resulting from any increase in the number of directors, shall, unless the Board of
Directors determines by resolution that any such vacancies or newly created directorships shall be filled by the stockholders and except
as otherwise provided by applicable law, be filled only by the affirmative vote of a majority of the directors then in office, even though
less than a quorum of the Board of Directors, and not by the stockholders. Any director elected in accordance with the preceding sentence
shall hold office for the remainder of the full term of the director for which the vacancy was created or occurred and until such director’s
successor shall have been elected and qualified.


 






    	 



    	 



    

 


Amendments
of our Bylaws


 


The
Board of Directors is expressly empowered to adopt, amend or repeal our Bylaws. Any adoption, amendment or repeal of our Bylaws shall
require the approval of a majority of the authorized number of directors. Our stockholders shall also have power to adopt, amend or repeal
the Bylaws of the Company; provided, however, that, in addition to any vote of the holders of any class or series of stock of
the Company required by law or by our Amended and Restated Certificate of Incorporation, such action by stockholders shall require the
affirmative vote of the holders of at least sixty-six and two-thirds percent (66 2/3%) of the voting power of all of the then-outstanding
shares of the capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class.


 


Section
203 of the Delaware General Corporation Law


 


We
are subject to the provisions of Section 203 of the Delaware General Corporation Law. In general, Section 203 prohibits a publicly held
Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year
period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed
manner. Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies
one of the following conditions:


 


	 	●	before
    the stockholder became interested, our board of directors approved either the business combination or the transaction which resulted
    in the stockholder becoming an interested stockholder;
	 	 	 
	 	●	upon
    consummation of 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 voting stock outstanding, shares owned by persons who are directors and also officers, and employee stock plans,
    in some instances, but not the outstanding voting stock owned by the interested stockholder; or
	 	 	 
	 	●	at
    or after the time the stockholder became interested, the business combination was approved by our board of directors and authorized
    at an annual or special meeting of the stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock
    which is not owned by the interested stockholder.
	 	 	 
	 	Section
    203 defines a business combination to include:


 


	 	●	any
    merger or consolidation involving the corporation and the interested stockholder;
	 	 	 
	 	●	any
    sale, transfer, lease, 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;


 


	 	●	subject
    to exceptions, any transaction involving the corporation that has the effect of increasing the proportionate share of the stock of
    any class or series of the corporation beneficially owned by the interested stockholder; and
	 	 	 
	 	●	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.


 


Exchange
Listing


 


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


 


Transfer
Agent and Registrar


 


The
transfer agent and registrar for our common stock will be Worldwide Stock Transfer. The transfer agent and registrar’s address
is One University Plaza, Suite 505, Hackensack, NJ 07601.


 


Choice
of Forum


 


Our
Amended and Restated Certificate of Incorporation provides that unless we consent in writing to the selection of an alternative forum,
the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (i) any derivative action or proceeding brought
on behalf of the Company; (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee
of the Company to the Company or the Company’s stockholders; (iii) any action asserting a claim against the Company arising pursuant
to any provision of the General Corporation Law of Delaware, the Amended and Restated Certificate of Incorporation or the Bylaws of the
Company; or (iv) any action asserting a claim against the Company governed by the internal affairs doctrine. To the extent that any such
claims may be based upon federal law claims, Section 27 of the Securities Exchange Act of 1934, as amended, creates exclusive federal
jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder.
Furthermore, Section 22 of the Securities Act of 1933, as amended, provides for concurrent jurisdiction for federal and state courts
over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder, and as
such, the exclusive jurisdiction clauses of our Amended and Restated Certificate of Incorporation would not apply to such suits. The
choice of forum provisions in our Amended and Restated Certificate of Incorporation may limit a stockholder’s ability to bring
a claim in a judicial forum that it finds favorable for disputes with us or our directors, officers or other employees, which may discourage
such lawsuits against us and our directors, officers and other employees. By agreeing to these provisions, however, stockholders will
not be deemed to have waived our compliance with the federal securities laws and the rules and regulations thereunder. Furthermore, the
enforceability of similar choice of forum provisions in other companies’ certificates of incorporation and bylaws has been challenged
in legal proceedings, and it is possible that a court could find these types of provisions to be inapplicable or unenforceable. If a
court were to find the choice of forum provisions in our Amended and Restated Certificate of Incorporation” to be inapplicable
or unenforceable in an action, we may incur additional costs associated with resolving such action in other jurisdictions.