Exhibit
4.1


 


DESCRIPTION
OF THE REGISTRANT’S SECURITIES


REGISTERED
PURSUANT TO SECTION 12 OF THE


SECURITIES
EXCHANGE ACT OF 1934


 


As
of March 31, 2021, Ecomat, Inc., a Nevada corporation (the “Company” or “we” or “us” or “our”)
had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”): common stock, $0.0001 par value per share. The following is a description of the rights of common stock and related
provisions of the Company’s Amended Articles of Incorporation (the “Articles”) and Bylaws (the “Bylaws”).
This description is qualified in its entirety by, and should be read in conjunction with, the Articles, Bylaws and applicable
Nevada law.


 


Authorized
Capital Stock


 


The
Company’s authorized capital stock consists of 74,000,000 shares of common stock, par value $0.0001 and 1,000,000 shares
of preferred stock, par value $0.0001.


 


Common
Stock


 


All
of the outstanding shares of the Company’s common stock are fully paid and nonassessable. No shares of preferred stock are
issued.


 


Our
Certificate of Incorporation authorize the issuance of 74,000,000 shares of common stock, par value $0.0001. Our holders of shares
of common stock are entitled to one vote for each share on all matters to be voted on by the shareholders. Holders of common stock
do not have cumulative voting rights. Holders of common stock are entitled to share ratably in dividends, if any, as may be declared
from time to time by the board of directors in its discretion from legally available funds. In the event of a liquidation, dissolution
or winding up of the Company, the holders of common stock are entitled to share pro rata all assets remaining after payment in
full of all liabilities. Holders of common stock have no preemptive rights to purchase the Company’s common stock. There
are no conversion or redemption rights or sinking fund provisions with respect to the common stock.


 


Dividends


 


Dividends,
if any, will be contingent upon our revenues and earnings, if any, capital requirements and financial conditions. The payment
of dividends, if any, will be within the discretion of our board of directors. We intend to retain earnings, if any, for use in
our business operations and accordingly, the board of directors does not anticipate declaring any dividends prior to a business
combination transaction, nor can there be any assurance that any dividends will be paid following any business combination.


 


Preferred
Stock


 


Our
Certificate of Incorporation authorize the issuance of 1,000,000 shares of preferred stock, par value $0.0001, and vest in the
Company’s board of directors the authority to establish series of unissued preferred shares by the designations, preferences,
limitations and relative rights, including voting rights, of the preferred shares of any series so established to the same extent
that such designations, preferences, limitations, and relative rights could have been fully stated in the Articles of Incorporation,
and in order to establish a series, the board of directors shall adopt a resolution setting forth the designation of the series
and fixing and determining the designations, preferences, limitations and relative rights, including voting rights, thereof or
so much thereof as shall not be fixed and determined by the Certificate of Incorporation.


 




    	 



     


    

 


The
board of directors may authorize the issuance of preferred shares without further action by our shareholders and any preferred
shares would have priority over the common stock with respect to dividend or liquidation rights. Any issuance of preferred shares
may have the effect of delaying, deferring or preventing a change in control of the Company and may contain voting and other rights
superior to common stock. As a result, the issuance of preferred shares may adversely affect the relative rights of the holders
of common stock.


 


Articles
of Incorporation and Bylaws


 


In
the event that a few stockholders end up owning a significant portion of our issued and outstanding common stock, the lack of
cumulative voting would make it more difficult for other stockholders to replace our Board of Directors or for a third party to
obtain control of us by replacing our Board of Directors. Our articles of incorporation and bylaws do not contain any explicit
provisions that would have an effect of delaying, deferring or preventing a change in control of us.


 


Transfer
Agent and Registrar


 


The
transfer agent of our common stock is Standard Registrar and Transfer Company, Inc., 440 East 400 South, Suite 200 Salt Lake City,
UT 84111, Telephone: 801-571-8844


 


Listing


 


Our
common stock is quoted on the OTCQB under the symbol “ECMT.”