Exhibit 4(vi)


 


AMERGENT
HOSPITALITY GROUP INC.


 


DESCRIPTION
OF COMMON STOCK


 


The
following is a summary of the material terms of our common stock. This summary does not purport to be exhaustive and is qualified in
its entirety by reference to our amended and restated certificate of incorporation, amended and restated bylaws and to the applicable
provisions of Delaware law.


 


We
are authorized to issue 50,000,000 shares of common stock, $0.0001 par value. Holders of common stock are each entitled to cast one vote
for each share held of record on all matters presented to shareholders. Cumulative voting is authorized; the holders of a majority of
our outstanding shares of common stock may elect all directors. Holders of common stock are entitled to receive such dividends as may
be declared by our board out of funds legally available and, in the event of liquidation, to share pro rata in any distribution of our
assets after payment of liabilities. Our directors are not obligated to declare a dividend. It is not anticipated that dividends will
be paid in the foreseeable future. Holders of common stock do not have preemptive rights to subscribe to any additional shares we may
issue in the future. There are no conversion, redemption, sinking fund or similar provisions regarding the common stock. All outstanding
shares of common stock are fully paid and nonassessable.


 


As
of March 31, 2020, we had 14,282,736 shares of common stock issued and outstanding.


 


Anti-Takeover
Effects of Certain Provisions of Delaware Law and Our Certificate of Incorporation and Bylaws


 


We
are subject to the provisions of Section 203 of the Delaware General Corporation Law (the “DGCL”), an anti-takeover law.
Subject to certain exceptions, the statute prohibits a publicly held 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 such date, the board of directors of the corporation 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 number of shares outstanding those shares owned (1) by persons who are directors and also officers and (2) 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 after such date, the business combination is approved by the board of directors 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 that is
    not owned by the interested stockholder.


 


For
purposes of Section 203, a “business combination” includes a merger, asset sale or other transaction resulting in a financial
benefit to the interested stockholder, and an “interested stockholder” is a person who, together with affiliates and associates,
owns, or within three years prior to the date of determination whether the person is an “Interested Stockholder” did own,
15% or more of the corporation’s voting stock. In addition, our authorized but unissued shares of common stock are available for
our board to issue without stockholder approval. We may use these additional shares for a variety of corporate purposes, including future
public or private offerings to raise additional capital, corporate acquisitions and employee benefit plans The existence of our authorized
but unissued shares of common stock could render more difficult or discourage an attempt to obtain control of our company by means of
a proxy contest, tender offer, merger or other transaction. Our authorized but unissued shares may be used to delay, defer or prevent
a tender offer or takeover attempt that a stockholder might consider in its best interest, including those attempts that might result
in a premium over the market price for the shares held by our stockholders. The board of directors is also authorized to adopt, amend
or repeal our bylaws, which could delay, defer or prevent a change in control.